This is my first post since joining Bigger Pockets. I need some expert advice on Capital Gains tax and other taxes for selling our rental property in Maine. Let me explain the situation... any help, thoughts and guida...
I want to reduce my taxable income as much as possible. (Selling stocks and want to avoid long-term capital gains.)Maxing out the 401k is $18,500, standard deduction is $24,000. My question is, what does the bank look...
I have been a member of Biggerpockets for a while and absorbing as much knowledge through the forums and experienced members. I currently have 2 rentals and a high priced primary.
I am currently trying to increase m...
I have two rentals along with primary residence. Now the rental income is increasing my tax burden as an income. Any strategies i can use to reduce this rental income? Should buying another property would help? Any po...
I have two rentals along with primary residence in San Diego,CA. Now the rental income is increasing my tax burden as an income. Any strategies i can use to reduce this rental income and building more assets on the wa...
I manage 150 units across 30 properties in Miami. I work for a single owner. We are projecting to pay taxes on $1,500,000 for this year and $2,400,000 next year. That about $500,000 in taxes this year and $800,000 nex...
We are approaching some deals that offer owner financing.
As an investor these deals make a lot of sense for buy and hold.
Terms like, 20% down, (prime plus 4.75) 8% interest at 30 year amortization, and interest rat...
I have a full time job and rental properties. I'm looking for ways to reduce my taxable and am looking into whether 1) I qualify for a solo 401k as a landlord and 2) whether it will help me reduce my taxable income. I...
Hello BP! I have a problem I can't figure out. I need about $12k to reduce my debt to income ratio. I have a condo for my first rental property and a unit 2 doors down just went on the market as a foreclosure for $85k...
ROBS: Rollovers as a Business Setup
Have any of you used this method to tap into 401ks/IRA's to fund a commercial venture?
Would love to hear your thoughts, THNX