Andrew Galloway
Has Anyone in CFL Bought a STR Recently (2022+) to Offset Their W2 Income Tax
Hello Bigger Pockets CFL community. I am looking into the STR and STR/bonus appreciation strategy as a way to offset W2/short term income. Since the market pre-May 2022 just is not comparable anymore I am interested i...
Misook Foley
Roth IRA Real Estate investment
I want to invest Roth IRA in real-estate. I like to find out Roth custodian and possibly non -recourse lender.
Thank you
Richard Haug
Shifting into self directed Roth IRA
HelloI just thought of a possible way to shift funds out of my 403b retirement fund and wondering if it's valid.I work for a university and have a 403b. Recently reached the age of 59 1/2 so I can take funds out witho...
Josh Dickson
How to reduce the maximum amount of income tax for a wealthy individual.
Hello all,I've been flirting with real estate for a long time but due to my low earning potential, thus far I have never felt comfortable taking on the risk. My brother, however; is a lawyer and earns around 700k a ye...
Simon Martinez
Selling primary residence seller finance tax question
So I’m looking to sell my primary residence and found a potential buyer that stated they would like to buy my home seller finance .My question is, what are the tax implications for that . I bought it for about $80,000...
Steven Johnson
Hello to Bigger Pockets and Goodbye to the Rat Race!
Good afternoon everyone,After trolling for the last 12 months on the forum I have decided to post - why? Because action doesn't occur without interaction. I have made a self-proclamation that 2017 will be the year I f...
Colby Shelhorse
1031 Exchange and Depreciation Recapture
Let's say I sell a property that I have owned for 10 years and then use the 1031 Exchange method and buy another property of the same type. Does this method wipe away all depreciation recapture taxes for the property ...
Patrick Mulligan
Need advice on 2 possible lending scenarios for 2-4 unit property
Hello,I have 2 scenario's I need advice/guidance on regarding financing a 2-4 unit income property. Thanks in advance!---------------------------------------------------------------Scenario #1: 65 y/o retiree. Owns a ...
Mehran K.
Is Investment Property Principal Paydown Considered taxable income?
Hi all,
At my family party yesterday I had a chat with my uncle who owns an apartment building and is very successful in other businesses. He told me that any principal paydown on an investment property is considered...
Andrew M.
Maximize tax savings with investment property
Hi all,I'm purchasing an investment property next month (December) (2 units). I want to maximize my tax savings when I file my taxes next April, so I was wondering what I should do til the end of 2022 to maximize my t...