Rick D.
Tax Savings from Rental Properties
I realize a real estate investor “makes money” in four basic ways. Cash Flow,Appreciation,Principal Reduction, and Tax Savings.In order to properly estimate my returns I need to assign a dollar value to each of these....
Nathan Gesner
Hiring children for tax savings
I'm just learning about hiring my children and the tax benefits. I think I understand how to do it, but am confused on one point. I'm reading online that we can hire a child up to the age of 22 but my CPA said 18. Can...
Jon Fletcher
Augusta Rule - Tax Savings Secret
Today I discovered the Augusta Rule. This is how it works: If you're a business owner and you use your home to host business clients or business meetings, you can charge your business for the use of your personal home...
Mohamed Manfalouti
Save property taxes via taxproper.com
Sounds like a great idea: https://taxproper.com/
Has anybody tried them out?
Kyle Meyers
Tax Savings on Historical Property
I read that there are tax incentives of some kind for historical properties which includes any property built before 1930. I have just finished a rehab on a duplex built in 1910 and I was trying to find what kind of t...
Pj Arora
Save taxes on W2 using Short term rental
I heard about this instagram but don't know much about it. Is it real that you can save on W2 income taxes if you have a short term rental. Has anybody used this strategy? If this really works then I can invest in a s...
Princella Griffie
1041 or keep property
We are in the process of trying to get a squatter out of our property in Detroit. It’s one of the most stressful experiences ever! This is the last property were trying to sell before someone created their own fake le...
Pierre E.
Caribbean STR Market - Hot or Not? Grenada Hopeful
Anyone have short term rentals in Grenada? Any ideas suggestions or thoughts on the market? Or general thoughts on investing in similar islands in the Caribbean? I know some people from there living here interested in...
Kenneth Lohr
Tax advice for profitable flips
I currently flip around 12 houses a year in an s corp. I seller finance and defer a few every year as capital gains, but since I am classified as a real estate investor the rest are taxed as ordinary income. My taxabl...
Patrick J.
Are tax savings based on effective tax rate??
Are tax savings based on effective tax rate or the highest income bracket you're in?? For example, let's say you take a $5,000 business loss and your highest tax bracket is 32%, are the savings based on 32% or reduced...