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Hey
everyone! I'm hoping for some advice as I look start my real estate journey. A
bit of background - I'm 28 years old, and have been contributing to my 401K for
the last 5 years. Thanks to all the great informati...
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Closing tomorrow on a 5 plex in Superior WI. In the past, my old CPA told me a cost seg study wouldnt be worth it on a commercial building I owned that was only 295k. His reasoning was the amount I would save would be...
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My new STR property is owned by a multi-member LLC (consisting of my family members). It's my first STR and first LLC. No income this year, but did have expenses, so I want to capture the loss and carry it to 2021. ...
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Quick one,I understand profits from wholesaling activities are tax as ordinary income; but, is there a way to minimized the taxes that one needs to pay from money earned in wholesaling?If say the goal is to reinvest t...
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Hello . I'm just getting started. Currently have one property. I'm wondering how to best maximize taxes while staying legal. --
I know that businesses don't get taxed on their expenses, only the profits. From that sta...
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This is my first time filing taxes and having investment properties both purchased late last year. Normally my wife does our taxes through Turbo Tax and that’s what we are planning on doing this time as well. But what...
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hi all. Looking for some insight on my situation. I own a 2 family unit in CT and recently relocated to MA. I'm considering selling. I currently owe $150k on the property. Sale price was $229 and it wld sell for somew...
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I’m planning on putting my first down payment in my first house/condo next year, where should I save my money in the mean time?Can’t an RSP give you the ability to take out money for a first home buyer tax free? And a...
Do you want to know how to save $1,000 a month (or more!) with simple spending and saving tweaks? Today, we’re giving you the BEST money hacks for 2025 from the expert, Chris Hutchins of All the Hacks! Some of these s...
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Hello everyone,A young person could join the military right out of high school and save up $50,000 during a four-year hitch.Assuming that young person did a lot of self-study on real estate during his or her military ...