Lisa Gardner
Is there a scenario where investing in RE offsets other taxes?
Is there a way to use investing in real estate to help offset someone's taxes? The scenario is a single member LLC filing as an S Corp. The tax burden is high, and I was wondering-if funding were not an issue-is there...
Jack Tinker
Who Includes Rental Income Tax as an expense?!
I am curious. Typically when I analyze a property I include the usual (property tax, insurance, etc.), I was wondering if anyone includes rental income tax as an expense when analyzing a property? For example, after d...
Germán Rimoldi
Tax Breaks Investing OVERSEAS
Both income tax paid overseas for the capital earning and rental income can be used as a tax break. Income tax paid to the foreign can either be deducted or applied as a tax credit when filing your taxes in the US. ...
John Canchola
Partnership, S-Corp or C-Corp LLC? for passive cash flow?
Hi GuysMy dad and I are 50/50 Managing Members of an LLC (filed as "Partnership"). He is 62 and I'm 42. A couple of years ago we just paid-off our bank loan, reduced our operating expenses to a bare minimum and are r...
Juvawn Parker
Young Landlord Seeking Advice
I am 27 years old. I currently have 3 properties. 2 of the properties are long term rentals (1 SFH, 1 Duplex), and the other property is a primary residence. I have a high paying career and I have managed to keep my e...
Jordan Akins
Should i refinance?
My dad owns 41 units right together. He has $800,000 in them. The rent from them have been paying the loan for 4 or 5 years. He said a few years ago they appraised around 1.2m and since then have fixed several of them...
Tiffy W.
LLC's R/E losses to Personal Income tax 1040
Hi,I am a R/E investor that is seeking the community's thought on the following tax related questions. Please feel free to chime in and provide your two-cents. Appreciate any help in advance.Background Information: I ...
Angelo R.
Higher security deposit for more tenants
Standard practice seems to be a fixed deposit amount per unit, regardless of the number of tenants. While there are other factors and exceptions, more people generally can cause more damage than fewer people. I always...
Babu Ramadoss
Why should we do 30 yr when compared to a 15-yr mortgage ?
Hi
I understand that people advice higher Cash ROIs to evaluate a rental (investment) property so that you will have cashflow. However, I am wondering why is it not a good option to go for short-term loan so that...
Jonathan Steffen
New member, need quidance in solo 401k =)
Hello biggerpockets world! I'm new here and looking for guidance on investing in rental properties with non-qualified dollars, vs investing inside my solo 401k.I triple majored in Real Estate, Finance and Economics f...