Matthew Harrigan
Mega backdoor Roth vs taxable
I am a retirement account maximalist. I want to make sure I'm not missing something.I can withdraw penalty free from prior Roth contributions and 5+ year old conversions, an inherited tradtional IRA, an HSA with prior...
If you’re asking your CPA how to not pay taxes, this may be the perfect episode for you. In fact, this episode is geared towards anyone making money in real estate, and listening could save you a massive amount in tax...
With solid tax planning, receiving an inheritance could provide an enormous boost on your journey to financial freedom. One misstep, on the other hand, and you could be lining Uncle Sam’s pockets. Fortunately, we’ve b...
With 2024 right around the corner, it’s time for a final year-end tax planning push! There are all kinds of ways to pay less to the IRS, and today’s guest is here to help you save as much money as possible!
Welcome...
What’s the key to paying fewer taxes? A cost segregation study. Never heard of it? Most real estate investors haven’t, but we’re about to unlock a world of tax-free income earning using this specific tool. If you’ve w...
Jack B.
Can I sell half my rentals and use the money to payoff the others without paying tax?
As in, is there a tax loophole here to avoid capital gains? I know of 1031 exchanges, but this is a bit different....I took money out of some of my rentals a few years ago to buy more. Wondering if I sell some now and...
Chad Clanton
Does the money invested in a still-owned flip from last year count as a tax loss?
It's my understanding from reading here on BP that flipping is taxed as income, not capital gains; as such, would the money from a flip I bought and started last year but which is still owned count as a loss for la...
Jim K.
Tiffany! Le Parte Deux
So, here's the current situation with the duplex I bought last Christmas. It's been a wild ride. I don't remember all of the name changes, so let me start over.
Initially Bob lived upstairs alone, as his wife had mov...
Brian Babbage
Cash Out Roth 401k to buy more units
Wondering what folks think about cashing out a Roth 401k to put that money to work in RE. I currently have a fully vested Roth 401k through my employer that has a sizable chunk of cash (definitely 2 down payments in m...
Alek Liskov
A Bankruptcy and Being Foreclosed On - Should I rent to them?
Hi BP Community, First and foremost - thanks for reading this. It means a lot to someone like myself who has just recently started on his journey. I'll cut to the chase. From all of the applicants I have for this SFH,...