I am trying to calculate the cash flow "tax savings" due to depreciation for a property I am under contract for, and plan to rent out.Everywhere I read, I am told to use effective tax rate (total taxes you pay/total i...
I just recently bought my first flip house. All in after closing cost I'm at $75,000. I'll have $20,000 in rehab and the ARV is about $130,000. Based on expressed interest I don't think I'll have any problems getting ...
Hello,I have heard of leasing your short term rental to another LLC that you own in order to minimize tax liability from a video that I watched, but there was no information given on why this is advantageous or the me...
Hello,
Quick question about how the IRS looks at 2 types of income in your company.
I have one BRRRR property and now doing a flip on another property.
Does the IRS look at the 2 sets of income completely separatel...
I am considering a In-Kind transfer of a prop I hold in my Solo 401k Trust. Would like to discuss with anyone that is familiar with this, and discuss options. Thanks!
I've been interested in investing for a while now but I have also been a broke student for the past 3 years. Now I have graduated from law school, taken the bar exam, and realized that I don't want to work 9-5 for pa...
Hello,I have a 401k with 30k in it. I can take a loan out from it for 15k for 5-10 years. The interest rate is 3.5% which gets paid back into my account. So the question is, should I take out the loan on my 401K to he...
We have rentals in the US that we would like to keep US-taxed as we consider a move abroad. If we move abroad to a country that taxes worldwide income, the compliance would be really challenging with the new country's...
My wife and I are fortunate to have steady, high-income producing jobs. Our rental real estate portfolio is also starting to produce a decent income. Our properties are currently held in pass-through LLCs which are no...
The 2017 annual Tax Lien auction for Yavapai county Arizona ended last week. I have the raw results data. There may be some slight changes since the official counts come out after all certificates are paid.Rates were ...