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Real estate tax benefits/drawbacks with my other household income
My wife and I make a combined household income of approximately $400,000 from our 9-5 jobs.I understand that certain tax benefits are eliminated or reduced after you cross higher ordinary income levels related to real...
Ari Lagunas
First Time Investment Property Strategy - San Diego
Hi everyone,
I’m based in San Diego and looking to purchase my first investment property by March 2025. I earn around $15k/month from my business, but my income is somewhat variable, which might make securing financi...
Logan Jamieson
Annual gift exclusion
Hey all,Question here, obviously i will follow up with a tax attorney but wanted some preliminary info.Due to current mortgage rates I am exploring ways of getting creative. I have the opportunity of a parent who has...
George P.
Tax lien -> foreclosure -> quick sale of the property ... Income Tax Liability?
Situation... tax lien purchased with the intention to passively earn the interest (btw interest is taxed as regular income). Fast forward 1 1/2 years, the tax lien is not redeemed and the underlying property is acqui...
Jon S.
LLC declare as Partnership or S-Corp?
I have a new LLC. My prospective accountant has suggested that I declare it as an S-Corp. Would the income automatically pass through in an S-corp, to the members of the LLC? Is this good or bad, pros and cons? What a...
Nadine Massarelli
Capitol Gaines tax: Does it eat away your net profit margin?
Our IRA adviser is trying to convince us that capital gain taxes will eat up our profits and want us to keep our funds in the IRA or transfer them to a 401K instead of closing these accounts and investing them in our ...
Karen Margrave
Note against property
Bill Gulley Someone was asking me a question on their home. The Seller is carrying back a note secured by a 2nd deed of trust. The agreement they have is that there are to be no payments on the note, and the buye...
Sherrie Tullsen-Chin
Using Roth IRA to purchase duplex
Hi everyone!I have a goal to purchase a duplex or triplex in Cape Coral Florida in 18-24 months to house hack. At my current savings rate I won't have enough liquid funds for the 5% down payment for a conventional loa...
Rich Thomas
Positive Cash flow tax rate
Hello,
Im going to be in a situation this coming year of having a positive cash flow from my rental properties and had a question im hoping can be answered on here...
Will my positive cash flow from rental property ...
Mitchell Kane
Borrowing money means less taxes?
Hi all,First time poster here, I would like to buy my first home soon, so I am trying learn about real estate investing, from Seattle, WA. I am reading one of the Rich Dad, Poor Dad books: Retire Youg Retire Rich, an...