Richard Chagnon
Retirement account dilemma
I am new to real estate investing (I have yet to buy my first property) and not a lot on money on hand. I do however have a retirement account with approximately $235,000 in it from a company I no longer work for. ...
Account Closed
Philosophy of how much to put in 401(k)?
Hey guys, this is a relatively simple question, and it may have been asked already numerous times, but I think with the new upcoming tax changes it may be worth considering again. Would you guys recommend that I max m...
Sigurd Panke
Sell a rental house w/ owner financing and pay 0% capital gains?
I am hoping that a CPA might respond to this post. I'm going to sell a rental house via owner financing and I'm playing around with various loan amortization schedules to settle upon loan terms where I wouldn't pay an...
Scott Lester
The Depreciation Tax Benefit
I'm putting together a simple LLC to bring a partner into two 4 plex's I'm buying. I typically pay a 40% tax rate so I always include the annual depreciation amount x 40% as part of my cash return. If I'm doing an LLC...
Carlos Lez
Student rental housemate problem
Dear forumites,I have a house that I rent by rooms to university student. I received an email from one of the housemates"I'd like to meet you. My roommate has made me uncomfortable living here because of things he has...
Corey Depuy
Self-Directed IRA option/question
I've been doing some research about rolling over my previous employer's 401k (which is currently stagnant with the same broker) into a SDIRA. I'm reading that all of the typical rules of a retirement fund apply, where...
Nathan Shankles
In general what is the most profitable tenant demographic?
I currently own 2 properties: a duplex and a single family home. I’m looking to buy my next one and had this question come to my mind. In general, is there a specific demographic that is most profitable as tenants? If...
Coleman Kerr
1031 Exchange! Yay or Nay?!
Any experience with using 1031 exchange? What are some of the downsides??
EJ K.
Professional real estate status
Hi all,
Curious about this, I saw a course geared toward physicians about ways to shelter taxes. One was becoming a real estate professional. Is this a good idea?
Here’s my scenario,
Hospitalist. About 300 k a year...
Neil Narayan
Austin City Manager proposes 8% jump in property tax!
The new budget proposal would raise property tax revenue by 8% -- the highest cities are allowed without voter consent. Luckily starting the next year, a new state law limits the amount cities can raise property tax r...