Hey All!Looking for some insight regarding the best way to approach a partnership. A friend and I would like to purchase a property together in order to ease into long-term real estate investing with less of a financi...
Ok, So I had my sit down with my Tax girl, and was somewhat displeased. My situation: 150K in rental income before deductions. I am a sole proprietor. Question: As I continue to acquire more and more properties, Shoul...
I may have the opportunity to purchase a 4-plex in my desired area. When I spoke to the owner on the phone, she expressed a desire to avoid capital gains taxes.She has owned this place since 1975, when she paid $67,00...
Have $100k In my 401k, would it be wise to cash out the entire amount for a rental property? What would be the tax implications? I live in CA. I know I would pay the tax on it now, but it was all tax deferred contribu...
I am selling a property for $327,600 through a 1031 exchange and have contracted to buy another at $199,950. Originally I had planned to use the remaining money to get out from under some short term business debts fro...
I was speaking to someone about there rental property and they mentioned that if they sell one of their rental properties after they retire or have of income of less than $33k a year that they do not have to pay capit...
Is away to offset the income tax on a 401k withdrawal that will be used to purchase investment real estate. I know I can move the money into a self directed IRA and going that route, but I’m curious if you can take a...
So many thoughts on the subject. If you have no loan your cash flow is substantially more so that means more taxes. If you have a loan your paying a small fortune in interest.
I just finished @Scott Trench's Set for Life (as you can no doubt tell from how often I reference it) and I had a thought/question I'd like to put to everyone. What do you think about using a Roth IRA as a component o...
I am a fix and flip and buy and hold investor. This year my fix and flip income was better than average and will bump my income into the next tax bracket. I am thinking about purchasing a used skid steer and trailer...