Henry Li
Rental income tax for international buyers
Hi, I had several international buyers who were travel visa holder. They purchased some rental properties here in Mass. I heard that the first three years are tax free. First of all, is this true? Secondly, what ab...
Chris Chase
Advice on pulling from 401k to start investing.
Does anyone have thoughts on pulling funds from 401k to start investing? After being on BP for a few weeks now im ready to start investing. I dont have enough reserves for a down payment. Any advise would ne greatly a...
Benjamin Sussman
Should I reduce my 401k contributions to zero?
Just finished reading Set For Life. 401k's let your wealth compound tax free but if you're in a higher tax bracket later in life, you're differing your tax bill to a higher tax bracket.
I also want to accelerate my a...
Randy Dickerhoff
Loan approval question
Ok so I have been taking steps to move forward into REI. I was told yesterday by a lender that we would have issues being approved for a loan mainly for this reason. I own a business, we make great money through this ...
Alex Todd
REPS status scenario + underwriting paper losses
Hi all - my wife and I are planning on a April 2025 1031 exchange into a larger (for us at least...like 5-8 units) multifamily unit. An idea we have is, I am burnt out from W2 life, and wife makes great money (+$300k)...
Jack B.
Looking to 1031 my Seattle AREA properties to another state for cash flow and retire
In a state with no income tax, I'm getting killed by property taxes of 7K a year for each property. Some would be 10K if I had not sold those year ago.
I'm considering leaving this state, it's a dumpster fire, crimin...
Jordan Hunter
Mortgage payment vs. rental income for taxes
I am currently about to rent my home that is under a FHA mortgage. I have lived in the home for over a year as my primary residence. My monthly note is $1,238.00 a month and It will rent for $1,675 a month. I only pla...
Kebron Girma
How to pay less on Capital Gains Tax if over the age of 62.
Lets say I bought a bought my rental property 10+ years ago for $300K and it's now worth $1Mil plus. I have a mortgage of $400k+ and want to sell it for what's it's worth now. How can I save on capital gains taxes and...
Shafi Noss
Is Depreciation Worth Anything?
I see a lot of investors get excited about depreciation because property values usually go up, but investors can report they went down on their taxes.I am skeptical this is actually an advantage.For example, commercia...
Saad Handoo
Writing off Depreciation Expense
I read somewhere that you can write off on your taxes a certain portion of your income if the property is younger than 27.5 years (or something to that tune). I recall there being something about a 10K threshold. Mayb...