Al Williamson
Landlords, what does being "Tenant Free" mean?
Trying to find a word to capture my ideas.
Please tell me what being "tenant free" suggests to you.
Michael Win
Rental Income and Taxes
I am doing numbers on a rental complex I am buying and just wanted to make sure my logic was correct. 1. These are rental duplexes. I assume depreciation 27.5 yrs. Also 35% tax bracket. 2. Assume home value is 1 Mill...
Eric Geers
Roth IRA Consolidation?
My wife and I were only able to invest a little less than $10,000 in our respective Roth IRAs before our combined income disqualified us from contributing anymore. My question is this: Should we leave the money in ou...
Jil Tin
Rent vs Sale of current home at our 50s while 12 yrs to Retire
Hello BiggerPockets,Basically we are looking to upgrade our current home to buy a single story home from current two story home of the same size in the same city san Jose. We are aged 55 and 50, we expect to work at l...
Mary Jay
Taxes during retirement
How to figure out what tax bracket you’ll be in during retirement? For example, let’s say a single person makes a 100K per year on W-2 right now working for a corporate world. It’s taxed at about 25-30 percent, right...
Gulliver R.
Q's about checkbook IRAs
Is there a Roth option for checkbook IRA?
If I rollover 100% of funds from a tradition IRA (both contributions and earnings) into a checkbook IRA, Can I buy a RE property with my checkbook IRA funds regardless if the...
Joey Harris
Long Term Strategy for Real Estate Professional
Hi. My wife and I are in escrow on a duplex in our city. We are both 30 and currently we both work full-time W2 jobs. I am considered a high earner and in the top tax bracket currently. Our plan is to move her to part...
Tyler Matthews
Cash Out Refinance -Tax Free
I have been listening to several podcasts where people talk about cash out refinancing their property and the money is tax free. How is the money tax free? I'm located in Maine
Alex Cons
Cash refinance? Tax free?
Hello Canadian BP’ers,
Looking on some feedback regarding a strategy I stubbled upon. If you bought a house a year for 10 years (assuming cash flow positive as well), and on the 11th year refinanced the 1st house to ...
Desmond Price
Rental to help offset 120K in income tax
Hey guys,Im trying to get an idea of how much a rental property could help with offsetting income taxes. Im looking for a SFH here in SoCal to rent out long term. The purchase price is 250,000 and the rental income is...