Joel Allen
DoD Releases 2022 Basic Allowance for Housing (BAH) Rates
The DoD recently released the 2022 Basic Allowance for Housing (BAH) rates for military service members. BAH rates will increase an average of 5.1 percent when the new rate takes effect on January 1, 2022, which is t...
Farid Moaveni
Do you have to pay taxes when refinancing a home after rehabbing?
Hello,Does anyone know if you must pay tax on the “income” earned after refinancing a home you recently rehabbed? If I invest total cost of 80k in a home, get it refinanced at 120k and get 70% of that to invest in ano...
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?
Jan Van der vorm
Is the cash flow 100% tax free if you own 100% of the property?
I own a investment property that is 100% Owned by my LLC after paying back the loan. Now the property in Indianapolis is cash flowing $700 per month. Is this tax free?
Larissa Pacifico
What should I do? Keep or sell?
Property price + rehab = 420k cost I’m paying 2.200/monthly for hard money. So I’m not getting any offers better than 425k paying comission I would loose money. So I’m thinking about keeping it to rent. Please let me ...
Danny N.
What Type Of Loan Am I Looking For And What Banks Can Help?
I have 5 properties in houston, all paid off and all leased out. As you know we just had a hurricane and lots of properties are available. Would like to raise funds to buy some new ones. Currently grossing about $4300...
George P.
ways to lower tax assessment
Just received my assesment, taxable valuation and property classification notice for 2012. although the taxable value has decreased on all houses, the tax bill actually increased by average of $700 for the year.
I wr...
Mehran K.
Is Investment Property Principal Paydown Considered taxable income?
Hi all,
At my family party yesterday I had a chat with my uncle who owns an apartment building and is very successful in other businesses. He told me that any principal paydown on an investment property is considered...
James H.
Need to decrease tax burden and scale up!
Hello BP, I have a situation that involves my father in law who's a longtime investor with multiple free and clear small apartment buildings in a good market. We are looking for advice or an advisor that can help w t...