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To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
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I just graduated and got a job as a structural engineer (starting this month). I accepted a salary offer of about 70k a year with a 401k match plan available. However, I want to invest aggressively in real estate. Spe...
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Hello everyone! My name is Josh Ricord and I am a recent Biomechanics and MBA graduate and retired student athlete as of 2023. I am currently in my first year of my W2 job (post graduation), and after a year of listen...
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I'm curious to see how many people actually have enough deductions to not pay any income tax on their cashflow at the end of the year? If you own buy and hold properties, do you pay tax at the end of the year, or not?...
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Hi everyone! I'd love some advice. I have $2.2 m to invest on property in the US this year. We just had twins so I need to restrict my travel. I'm based in San Francisco, and so investing locally is out. I initially w...
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Hello all. Hope everyone has kept themselves safe. I’m new to the world of real estate investing. I live in Manassas, VA- a pretty western suburb of DC. My issue when trying to run numbers on potential deals is that t...
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So I have 1 property worth $650,000 in miami beach, I still owe $232k on my mortgage, Im making bi-weekly payments and paying an extra $1000/mo and its leased for $3500/mo and maintenance + taxes are around $1300/mo. ...
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Alright so full disclosure first - I have always been very apprehensive to follow anybody who promotes a "get rich easy" style of real estate investing, specifically those that say beginners should be doing subject-to...
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I am surprised no one else posted on this today! This is some scary stuff.
It seems that non-disclosure to the respective lenders in short sales flips has already gotten the feds involved - and some investors will be...
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Attention new investors: As I’ve immersed myself in the BiggerPockets forums, I’ve observed an extreme emphasis placed on asset protection by those entering the business but their approach and where they decide to all...