Sean Holland
Deductioning work vehicles/trailers?
I already have a primary vehicle. I want to purchase a secondary work truck (20k) and dump trailer (7k). Trying to figure out how much of these purchases I can deduct. Also, what other deductions would that cut into (...
Jeff S.
How many flips per year, after holding a year, and keep cap gain rate?
How many properties can you buy and sell, assuming holding at least a year, to maintain investor status (cap gain 15%) and not dealer (pay tax at higher rate)?
Robert Hastings
Cash out, rinse and repeat?
Assume we are speaking of rental properties. Assume the rental properties are free and clear. Assume the rental properties have tenants and they have rent paid since day one. I hear success stories about how people bu...
Leo Gonzalez
Paying Income Tax on Low Cost/High Cashflow properties
After successfully purchasing and renting out a duplex in Syracuse NY I've started considering the tax implications of the gross income I will be receiving. The analysis I did on the property accounted for expenses l...
Jeremy Miller
Reduce Taxes Through Rental Property?
Hello, I have a family member who makes a significant amount of money a year and he hates paying taxes. He just got a very large check in which 50% is likely going to go to taxes. Would it make sense for him to start ...
Russ Trimboli
roth 401k conversion
i have money in my 401k that i am thinking about investing in a rental property.im also considering at some point turning it into a rothi have 40k in the account. i have my eye on a 2 family for 49k that brings in 140...
Jil Tin
Debt or Leverage of Low interest,what is best plan before retire
Debt or Leverage of Low interest, what is best plan before retirement?we live in California, have primary home and a rental home. I have 530k balance primary home first mortgage locked 3.5% for 30 years (PITI=$3263), ...
John Hoover
Sell my house or Rent it?
I’ll be moving in with my girlfriend soon and I’m looking for opinions on whether to rent or sell my house. I have rented it in the past but I am considering selling now. Here is some of the relevant information:Estim...
Sam Robbins
Financing, tax questions - what to do as self employed?
Hey!I recently purchased my first property, a 3 bed/3 bath zero lot line (shares a wall with another house but no HOA) in Nashville. I’m fixing it up and planning on renting it. I’m self employed, and had a co-signer ...
Stephen Chan
Legal / possible to shift rental income to another person via a lease to said person + said person subleasing units?
Hi everyone!
I have an odd ball situation / question about if a particular method to minimize my tax liabilities on the rental income from a multi-family home purchase is legal, as follows:
Assumption: T...