Kyle Scholnick
How much Depreciation?
let's say I have rental property income of $15k per year, expenses of $4k and depreciation of $5000I am in a 40% tax bracket When I write off my expenses And depreciation on my taxes, am I writing off a total of $9k (...
Mark S.
FIRE Strategy for High Income Earners
Financial Independence Retire Early (FIRE). It seems to be everywhere these days. I just heard on a podcast that there is a movie coming out in a few months about the FIRE movement - which sounds awesome. I'm sure ...
Scott Trench
Are you Pro or Against 401(k)?
A recent article that I wrote on the BP blog received some criticism because I suggest that a 401(k) is one of the best ways to increase your net worth.This strategy was criticized by a couple of readers and I thought...
Ben Kirchner
Just did first flip - Tax questions *Seeking local CPA*
I've been a buy a hold & land investor up to this point. I just completed my first flip. I've been doing my own taxes up to this point, as it didn't seem too complicated with my current rental portfolio. Now th...
Dada Keryk
Im renting my condo and have some questions about tax return
I have rented my condo in august 2013 using property management service.
Tenant paid whole year in advance ( lump sum/single payment ) .
I have received sum of 9000$ from property management and that is aft...
Shuo Li
How to minimize income tax?
Hello BiggerPockets.I'm pretty new to the real estate investing business. I do not currently own any properties. My aim in to obtain 2 rental properties in the next 12 months, and scale up as I go alone.The issue (a g...
Mark Krier
Retiring landlord strategy
Does anyone remember which podcast episode had the guy who was talking about how he built his portfolio using some sort of "program" he created to offer to retiring landlords which enabled them to collect a steady cas...
Ashton Ferrazzo
Depreciation = 0 Taxes (Conceivably)??
Hello folks!Can someone tell me if I am thinking of depreciation and write-offs in the correct manner for rental properties? I was trying to envision a scenario where someone could potentially have (close to) $0 tax l...
Mootah Kpebane
Investors do you pay yourself interest?
Hi all,Do you pay yourself interest for your contribution on your down payment? For example, I purchased a 9-unit complex that I had to put down 25% and the bank carries the rest. It is a cash cow to the point that it...
Nur Al Sharif
Leasing to an Owned C-Corp which then leases to third party?
Hi all, I came across an article detailing why a C-Corp should never own property, but should opt to lease it instead. (https://www.thetaxadviser.com/issues/2018/sep/leas...) This led me to think of a scenario. Not s...