Alex Sanchez
401K and DB plan reduce income tax through cost segregation
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 ...
Mark C.
Are there tax benefits to having my own handyman llc?
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 ...
Mike Purvis
Looking to buy my second investment property (Ontario, Canada)
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,...
Account Closed
Tax Downsides to Paying Off a Mortgage
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...
Jeffrey Muth Jr
Investing for children
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...
Kelly N.
Prorated rent collected at closing- tax question
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
Christopher Shutrump
Investing as LP in Real Estate Syndicate using self direct IRA
What happens to the the accelerated depreciation received from real estate syndication owned by IRA as LP? Is this held back and available for use when funds are eventually pulled out of the IRA?
Jake Anderson
Tax Shelter Through Real Estate
Looking for ideas, not specific investments but general ideas, on sheltering income from tax by investing in real estate. I will be earning some significant sums of income over the next two years. Unfortunately none...
Allie Pfannenstiel
How Should I Finance My First Purchase?
Hi BP Community,I am ready to buy my first property in Arizona - question now is how should I finance it?I have been travelling for 2.5 years and don't have traditional W2's to show the banks. Would I qualify for a FH...
Jarrod Willis
Infinite Banking Concept
I have been listening and reading about this “infinity banking concept” and found it really interesting. Anybody currently using this? Pros and cons?