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Results (10000)
Account Closed Tax strategy when buyer is real estate agent
25 June 2023 | 4 replies

Hi,I am in escrow on a property and I am a new real estate agent. I am in the highest tax bracket in california. My lender told me that I cannot use my commission towards down payment. I can only use it towards closin...

Ben Feder What money are you taking out when you Refinance in a BRRRR?
8 December 2019 | 6 replies

When you go to use the BRRRR strategy, you buy the property, rehab it, rent it, and Refinance it... what exactly are you doing when you refinance the property? I think you are pulling money out of the deal somehow, bu...

Tandi H. Help me analyze this deal - triplex, turning one unit into STR
2 November 2018 | 2 replies

This property has three units, a 3/2 and two 1/1's.  Current rents are 1100, 735, and 725.  I'm planning to turn at least one of the 1/1's into a vacation rental which should earn at least 1200/mo (very conservative e...

Steve N. The Standard Deduction exceeds Itemization
15 April 2014 | 5 replies

I have 2 rental properties. I have mortgages on each and am depreciating each. I am taking deductions for everything including travel (relatively local) and meals, plus the obvious like repairs, cleaning, etc.

...

Carolína Ortega Best tax write-offs for real estate commissions?
7 June 2021 | 3 replies

I’m a new real estate agent in NorCal with 22k in commissions in my first 3 months.Any recommendations on how to reduce my tax liability at the end of the year? What are some good write-offs?

Greg Swartzberg SEP IRA Contribution?
3 April 2019 | 5 replies

Tax deferral help needed:  I am a full-time W-2 employee and max out my pre-tax contributions to my 401(k).  I have a side-hustle real estate LLC that includes passive income from fifteen rental units as well as activ...

Aaron Matassa Rental Income Tax - avoid?
23 March 2014 | 13 replies

Hey all. I searched for an answer here but haven't found it. If I missed it, please let me know.

I'm in the planning stages. What I would like to do is get a multi-family property and collect rent (gasp!)

But when...

Mark Stone RE tax questions from a noob
1 September 2018 | 18 replies

Ok I have a few questions in regards to my taxes and am hoping someone could help answer them or point me in the right direction! Thanks in advance for any insight!Due to my income falling between the $100-$150k, I am...

Juvawn Parker Young Landlord Seeking Advice
16 January 2023 | 10 replies

I am 27 years old. I currently have 3 properties. 2 of the properties are long term rentals (1 SFH, 1 Duplex), and the other property is a primary residence. I have a high paying career and I have managed to keep my e...

Al Brennan Tax on new build sale?
14 June 2015 | 6 replies

Hi all,I just joined and hope I am posting in the correct forum.I plan on buying a one acre lot near where I live to build a house on and then to sell it when it`s completed. My question is will I be taxed heavily on ...