Hi and thanks for reading. I will try to be as concise as possible while providing as much pertinent info as needed.I am the only child of my parents, aged 69, who have done quite well amassing significant retirement ...

Hello all,For the new year I wanted to organize my finances and maximize profits. I am currently reading Tax Free Wealth by Tom Wheelwright. Here is the situation: I own 2 properties in my personal name, but collect r...

Last year I had a W2 job, making the median income in my area and owned a house hack I had just bought.  I hired a CPA but there was no tax strategy or planning and I probably could've saved the money and used turbo t...

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...

Hi BP,

I'm new to REI and looking to build my team per the Ultimate Guide. Does anyone have a recommendation for a great accountant in the Silver Spring, MD/Baltimore area?

Thanks!

Alison

I received a call today from the executor of a will of a landlord I was friendly with. He put I had first dibs to buy his buildings and we're meeting next week.  The buildings are 100% paid off and have been kept up ...

For the record, I am still relatively new to the REI game so I like learning new things. So I picked up a rental property about 2 months ago. At the time of purchase I knew the tax appraised value was out of whack. In...

Appreciate if someone can help give guidance on our situation. We will seek CPA guidance before we actually commit. We currently own a single family home in Orange County. It is too big for our needs and we are on wit...

Hi everyone,

My name is Mark and I am a commercial fisherman who earns 150 to 200k a year.. I am totally fine with this income at the moment. The only problem is when the tax man comes knocking I have to fork over...

I am looking at a property that has a negative cash flow, but the tax savings through deducting my losses and depreciation more than make up for the negative cash flow. The property is also being sold at a deep d...