Matt M.
If I live-in my triplex, do I have to pay taxes on rental income earned?
To my understanding, actually living in the premises, especially being a 3-home or less, will put you into a different mortgage bracket, tax bracket, etc...
Do I need to claim my rental incomes and then pay taxes on ...
Tyler Frost
Tips on Dodging Uncle Sam
I just recently bought my first flip house. All in after closing cost I'm at $75,000. I'll have $20,000 in rehab and the ARV is about $130,000. Based on expressed interest I don't think I'll have any problems getting ...
Faysal Alam
Commission or discount ?
I'm currently looking at a house in Queens new York for about 725k , looking to house back . The dilemma I have on my hands is since I am a realtor and will be representing myself I can either take a 1.5% commission w...
Kim Puckett
Taxes in SC are killing us - investing in GA or NC?
We currently have 2 properties in SC and the non-resident taxes are definitely cutting into our ROI. Was thinking today, since we are out of state anyway, maybe we should be looking in NC or GA. I have searched both s...
Robert Spence
Real Estate Investing company for tax advantages..?
Hello everyone, this is my first post on the forum, but I have been reading an learning from many people on this site for quite some time.
So im tired of giving the IRS all of my income, and I have been reading about...
Lesley Resnick
Idea for a new mortgage type....would this even work?
My BP friends I hope you can help me with this idea. I have not seen any lenders doing this and I am wondering why?I would like a loan that adjust the principal every month and loaned me the difference between my cur...
Johnny Smith
Best way to take advantage of tax losses when you make over 150.
So i am hearing from a CPA that because my wife and I make over 150k per year, that I cant really take advantage of tax losses from my rental property. I can carry them forward, but it doesn't reduce my actual gross i...
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...
Chad Carrodus
Financial planning for unmarried DINK real estate agents?
Assuming an unmarried couple who lives together, shares nearly all expenses, and both work as real estate agents who each make apx. $150K/yr but would also like to start in REI, would it be advisable to start an LLC w...
Robert Lee
Can you "pay" an onsite prop manager in reduced monthly rent?
Hey Guys,I am a co-owner/manager of an LLC that owns and operates investment properties in California. I also manage the properties while living in one of the units.I currently receive a property management fee which ...