Hello everyone! My name is Jesse and I am a new investor. I am about to close on my first property on march 22nd (tuesday!). It is a $250000 2 bedroom condo in the NY metro area. I will be renting this apartment out a...
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I've had my duplex for about 5 months now and it's working out really well! I want to get my second property as soon as I can. I have a few questions I am hoping somebody can help me out with:1) I have only about $10,...
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Just finished reading the book on Tax Strategies for Beginners. Never thought I'd enjoy reading about tax so much! I'm getting ready to read the "Advanced" book but in the meantime, I have a few questions I'm hoping s...
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I have been listening and reading about this “infinity banking concept” and found it really interesting. Anybody currently using this? Pros and cons?
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Hello- Been recently listening to the podcasts. My kid has about $8-900 (we have been saving every dollar he gets from birthday & christmas) I want to invest it in something but don't know where to start.I would l...
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Hi,
We closed on our first rental property last month and had prorated rents deducted from our closing costs. The amount deducted is considered rental income, right?
Thanks,
Kelly
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Before exploring this concept with a qualified legal and tax professional, I wonder if any of the community has anecdotal experience around taking a distribution from a 401K and balancing the earned income taxes with ...
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I want to get into real estate investing across multiple states. I also have my own side hustle handyman business (inactive I am not doing any work). Question: I was planning on closing the business. However would ...
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After my first year of self-employment, I have found out that the interest rate on underpayments is currently only 3%. Does anyone intentionally not pay quarterlies, knowing that they can invest that money and make m...
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If I'm wanting to lend money to someone with my private money, for them to purchase or refinance and I'd be recorded as the 1st position lender, would that money be a tax write off? Obviously, the interest I earn from...