Jorge I. Pimentel
Ready to purchase, but currently stuck in the financing process.
Hello,First and foremost, thank you for taking the time to read my post. I am a new investor in San Diego, CA. My brother and I currently own a SFR in Riverside, CA (fully paid) that we inherited and have been renting...
Steve Maye
Cashing out of rental property - Reduce taxes
In the next year or so I think we will be selling our 2 rental properties and our primary residence to buy our retirement home. I want to explore ideas on how to reduce my tax burden. We want to buy a home with plen...
Roman M.
Financing income question
Hello BP community, I recently sold my personal property and was able to gain a profit of about 53k which I am planning to use as a down payment for my first rental property. I work as an independent contractor and ha...
Jason Waldo
Why W-2 Employees have the greatest chance at wealth building
For the last 10 years I have owned and operated a small distribution company. It wasn't huge and only did about $375k/year in revenue on average for the 10 year period. I guess thats not to bad for only being a single...
Zeliang Zheng
Should I depreciate my single family house?
Hi, I just invested in a single family house in Baltimore. I want to use depreciation to offset some of taxes. My question is, is single family worth the effort to depreciate, considering the cost of doing cost segreg...
Sachin Amin
Five Sources of Income for Retirement - what is the Fifth one ?
Hello BP community and for those who already made it :-) :-) (Baby boomers & Gen X)
when I was in school some one once said to me, to be financially free you need to have five sources of Incomes - at that time I ...
Steven Chang
3x Income Pre or Post Tax?
I couldn't find the answer in a quick search, but is the 3x income rule pre- or post-tax? If pre, does this rule shift in states that have income tax and states that don't?
Adriana McLaughlin
New investor: I don't want to quit my W2 but want to max investing to offset taxes
I have a W2, but also have a real estate license, though I work very little in actually selling real estate. I just bought my first investment property in Chicago, and have been busy doing minor repairs, furnishing it...
William Lackey
Business for landlord
Wife and I flipped our first property in 2020. Recently purchased a duplex and we will rent both units. What kind of business can I start to take advantage of tax deductions. My wife and I are both W2 employees and ma...
Julian Buick
Transferring to Roth
I've been using my SDIRA for private lending for a couple of years now with pretty good success. I was recently given an end date for my current job (I'm a contract engineer so it happens). This has got me thinking ab...