David Roberts
SEV versus Actual Selling Price
This might be a silly / stupid question but I'm going to ask it anyway, because frankly, I just don't know the answer.In the area that I'm looking for a rental property, using Zillow as the source, the property tax i...
Jonathan Bebey
CPA & taxes
Hello phoenix area,I am looking for a CPA to help with my taxes for my house hack that I bought April of 2023. Does anyone have any recommendations? Thanks!
Emilio Basa
How to research non-homestead taxes
Hi everyone,I'm looking to start purchasing some rental properties in the coming up months. The price hike between homestead and non-homestead taxes can be quite huge in some areas of Michigan. I'm running the numbers...
Chaim Rosenstadt
Tax on turnkey Cash Flow
Hiusing a 100K property as an example (turnkey), with a 25 year loan, 76K, 5.6% p.a. that would mean the first year roughly 4K interest, and the depreciation would be 100k/27.5=3.6K, so total 7.6K - 630 USD/month.Now ...
Bryan Hancock
Imputed Tax Dodge? Longer Amortization Period
If one were to make the amortization period for a seller carried loan something like 99 years with a 30-year balloon instead of making the interest payment below "market" would this be subject to imputed tax by the IR...
Juan Salas
Protest Property Taxes
Hello team,I bought a foreclosure a few weeks back which I will be fixing and selling this year. Should I still protest property taxes and use the lower taxes it as an added "benefit" to the new buyer?
Matthew Harrigan
Mega backdoor Roth vs taxable
I am a retirement account maximalist. I want to make sure I'm not missing something.I can withdraw penalty free from prior Roth contributions and 5+ year old conversions, an inherited tradtional IRA, an HSA with prior...
Joe Pea
Mortgage: file all, some, or no business expenses on tax return?
I'd like to get my first home maybe within a year. While filing my taxes right now, should I file all, some, or none of the my business expenses? I'm curious to know if 1) it is okay to file no expenses, and 2) would ...
Josh Atchison
401k loan for real estate.
I am going to take a loan of $25,000 out of my 401k for a house hack. My wife’s student loan is an income based repayment plan. As I pay my 401k loan back, will this in anyway help lower the loan payment?
Lucas Rowell
Utilizing property to reduce taxable income
Hello and Good evening BP Brothers & Sisters.
Tonight I wanted to post a question I have been thinking a lot about lately. "How could an investor best utilize property to lower taxable income"?
We currently own...