Ashan D
Tax minimization: Business vs Real Estate ownership
Hi,
I've heard that real estate is a decent tax shelter because it allows for a lot a tax write-offs: mortgage interest deduction, building depreciation, deferring capital gains through 1031 exchanges etc.
I'm less...
Account Closed
Financial advice please?
I would like some advice on what to do with my finances at this point - if I should do anything at all.Portland, Oregon:Currently, I have a SFR which gives me around $300/mo cashflow on an FHA loan at 3.25% interest r...
Allen Lopez
Selling an investment property with tenant with a 2yr contract?
So in 2016 I bought a property for $71k. Imidiately tented it out for $850 a moth. After all expenses I make $500 profit. The property is now valued at $98k. I also have a two year contract with the an amazing tenant ...
Stefan St. Marie
How do you calculate gross revenue?
Is the "gross revenue" $708.10 or $541.26 for this booking?Is it what the guest pays? Or what the host receives?And is cleaning fee part of revenue?What is the industry standard for underwriting?
John Dean
Seller Financing / loan servicing
Hey all!
I plan to sell my SFH rental. But my plan is to pay off what’s left to own it free and clear and do seller financing. my plan is to offer 15 or 30 years at a normal rate that someone could get from the bank ...
Nick Weidner
Borrow from 401k for down payment
I was looking to barrow $25K from my 401K. Talking with a co-worker our 401K allows us to borrow up to 50% up to a certain dollar limit at 4.45%. I was going to pull the $25K over 36 months paying $371 bi-monthl...
Mike S.
Roth 401k vs deductible 401k + conversion
I was usually using option 1, but I was recently introduced to option 2 and would like to get feedback on its caveats:Option 1:- Contribute to the Roth portion of a 401k (lets assume $50k)- Invest this $50k in a syndi...
Sam Beiki
$8500 Disposable Income - How to Invest in Real Estate
Hi everyone. My partner and myself are corporate slaves, we work long hours in stressful jobs. We live frugally and our personal expenses are $1500 a month combined excluding rent. Our monthly income after tax is $100...
Mike Reynolds
Dispursment from 401k
Trying to understand something here. If I take a disbursement from my company plan 401k after retirement do I have to file a 1099 like I would if it was a solo401k? I guess what I am trying to ask is what is the diffe...
Jonathan Soto
Using HELOC to become a HML
So I have quite a bit of equity in my home and was looking to get some information on becoming a HML. I am located in Miami and would like to mainly work with flippers using six month loans. Any information would be g...