Isaac Hayes
Retirement Account 10% Penalty to Access Real Estate
I plan to purchase a four-plex in Columbus, Ohio within the next two months. I had planned on liquidating a standard brokerage account for the down payment. However, because I plan to retire and live off passive incom...
NIcholas Hamel
How much in taxes will I pay if I sell????
Hey everyone. I have a tax question for you. I bought a property in 2013 for 375k. I might have to sell now instead of my original plan to do a 1031 exchange. It was appraised for 405k. I owe about 305k still. Ass...
Zachary Critchett
Rental income and 1099 income taxed at the same rate?
Hello,If I make money through rental properties and through 1099 income, should I set aside a fixed amount from each income stream for taxes? If so, what percentage would you recommend?
Bernard Chouinard
Private Funding from Wife Tax Deductible?
Our primary residence is 100% under my wife's name. Would the interest be tax deductible if she pulls equity out via line of credit or 2nd mortgage then provides me with a personal loan with a set interest rate? If ...
Laura Olds
I need Tax shelter ideas!!
So we did our first (non owner occupied) flip this year, paid cash, and had an offer 5 days after recording. (And here I am complaining--right!!) Needless to say, it went way way faster than I had penciled out and now...
Danny S.
Home Equity Loan OR 401(k) withdrawal for remodeling
Hi BP,I'm currently fixing up my primary residence to make it rent ready within the next year. I'd like to add on to one of my bathrooms and renovate my 3-seasons room as well. I looked into taking out a home equity l...
Gail Aiken
Two Family Investment
Looking to purchase my first investment property. I want to run this by some of the experts to see if this makes sense. I am looking to purchase a two family and want to purchase with cash for $45,000. The home is ...
Rao V.
Tax liability from rental income
Hi,What will be the approximate tax liability if I have the following situation?1- Rental income from house #1 = $12,000 Mortgage paid = $90002- Rental income from house #2 = $4000 Mortgage paid = $3000Assume I ...
Kris Kahrs
Best way to avoid paying Capital Gains Tax on primary residence?
Hi All--my husband & I are in the process of selling our primary residence in Los Angeles. We have a lot of equity, we've been in it for 20 years in a trendy neighborhood. We bought the home for $230K. We may h...
Ramon Martinez
Mobile Home/First property
Hello all, so I am trying to get into real estate investing but not sure how to start. I currently have a mobile home that will be paid off in a few months. I am thinking of renovating and selling. Question is should ...