Hi! I just started educating myself on rental properties a few months ago and am trying to determine my strategy. My husband and I both work and have a combined income of $220k but we are paying $60k annually on taxes...
Are you familiar with Low-Income Housing Tax Credits (LIHTC) or cost segregation studies? Both are individually great tools for real estate investors but when combined, real estate owners can greatly maximize their ta...
I am wondering if anyone has any advice on tax savings on income made from flipping. Should I buy investment property out of state, re invest in another flip?
Hi BP
I am running through some scenarios for a first rental property which will be out of state using a PM.
The scenarios range from a couple hundred cash flow positive per month to a break even per month. I have ...
Hi all,I'm purchasing an investment property next month (December) (2 units). I want to maximize my tax savings when I file my taxes next April, so I was wondering what I should do til the end of 2022 to maximize my t...
Looking to buy a multi family (3 unit) owner occupant this year. Goal is to live in one, long term rent one unit and short term rental the bottom unit. Im reading the book on tax strategies volume 2, and I’m learning ...
Hi all,My inlaws are considering selling their home that is sitting on 5 acres surrounded by 600+ acres of almond farm that was owned by MIL's father, that she is inheriting along with her 5 siblings. The farm is in t...
My sister just closed on a new home and will be moving my parents in with her. The plan is to rent out my parents current house (which is paid for) then use the profits towards her mortgage. I currently own a home as ...
Hello BP!Just got my first duplex this year and starting to learn the game more. I was wondering ways how you guys save money on taxes? Do you do it yourself or hire a tax professional? I just watched a recent Bo call...
Has anyone had success in winning a case against the Irs with their direct participation in a conservation easement investment?Lately they have been cracking down hard and doing audits on conservation easement invest...