Hello,I am 62 and nearing retirement. I have a remaining rental property with a $120 K mortgage. Unfortunately, this property has a variable interest rate that is currently 6.5 %. Reviewing my 401K over the past 5 yea...

I've Learned a ton about accounting lately, but I just can't seem to figure out depreciation.I bought a rental property for $25,000 in 2012. I was paying back $500/ month at 4% interest to a private investor. I sold t...

Tax deductions ideas on my fourplex that I live in? Should I LLC this first fourplex?

I have been researching REI with IRA money.  Here are some of my thoughts, and I would love to hear what you think?  More importantly, what are you investing with your self directed IRA and why.There are many tax bene...

Strive to break out of this cycle..

Hello,My grandparents are selling a piece of property for about $800k. Apparently someone told them that they could save on taxes by splitting the property between multiple people and then selling it. I guess the logi...

Hi Bigger Pockets!Are there any Tax Breaks/secrets for investors in Ontario Canada, or Canada at all for that matter?I have heard Robert Kiyosaki say many times he doesn't pay tax on his investments, but that is the U...

I just sold a nightmare property in Philadelphia and I'm bathing all my paperwork to figure out my taxes for next year.  I'm trying to do it on my own, without a CPA...Does this look right? PURCHASE PRICE IN 2020: $50...

I am planning to invest in real estate using the new every two strategy with a twist. Instead of selling after two years, I plan to keep my previous properties as rentals. I have a full-time job, so saving up 20%...

Hi all,I am a newer member on BP and this is my first post. I am looking for thoughts on whether I should pull money out of my Roth401k from work to invest in RE? I know typical tax advisors etc would tell me no way b...