Derek Zeigler
Roth 401(k) vs brokerage account
Alright so What is the benefit of contributing to a Roth 401K vs self investing in a taxable account granted you have the discipline to invest. I am looking to invest more in RE and like the liquidity that a non 401k ...
Supreet Singh Sachdeva
Cap Rate after income tax
I am a first time house buyer. 3 of us just made a LLC and are planning to buy our first rental property. I contacted an agent about a property and got a cashflow analysis worksheet from him. So, the property is f...
Anne Grello
Cost Segregation Studies
Thoughts on filing Cost Seg for taxes? Is it a good idea? What do you do with the money? What happens if I sell the property before the 27-year depreciation point? (Ideally I want my property to help pay for my kids c...
Curt Bixel
Professional Tax Preparation or Not
For accounting, I use Rentec Direct, which allows me to keep track of all expenses and then prepare reports for all of my properties.The information the system exports seems like it is most of what is needed to prepar...
Jam Jackson
Calling all those with House Hacking Experience
Hi all!Newbie investor here. Some questions have arose for me after doing some reading, podcast listening, and property analyzing.For those with house hacking experience (especially with FHA financing) - based on your...
Michael Bracken
Does Using A Property Tax Attorney Work?
Hey now, My rent house is Garland Texas and the property taxes are a full 1/4th of all expenses.I see advertisements for these law firms that will contest you PT for you and take their payment out of your savings? I g...
Ron Harris
Children Education College Savings 529 Investment Plan
What are your thoughts on an College Savings 529 plan for your kids? Anyone try this yet?https://www.irs.gov/uac/529-plans-questions-and-answershttps://www.irs.gov/pub/irs-pdf/p970.pdfHow about just using a ROTH IRA f...
Joe P.
How much should I spend on tax planning?
I own a business flipping vacant land properties so according to the irs I am a real estate dealer and my income is taxed as ordinary income which includes the full 15% self employment tax. I recently found out about...
Dan Verdick
Line of Credit for Down Payment
Hello,
We have our house paid off. At the time of paying it off we took out a line of credit back in 2011. I am looking at rental properties and thinking of using a small portion of this as a down payment. We...
Account Closed
Converting Primary Residence into Rental
Hello,
My husband and I have wanted to invest in real estate for years now and recently made the decision to purchase a new home while converting our primary residence into a rental. Since we are both 100% disabled v...