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Hi all,
As titled.. I did a IRA withdrawal of 300k to buy 2 condos in May/June 2024.
I didn’t paid the 10% penalty fee.
I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from a...
Credit cards are an "investment"? EMPHATICALLY, YES! This literally just occurred to me in the shower. I pay off all my balances each month. I earn up to 5% cash back on my credit cards. THIS IS A STREAM OF INCOME. I'...
Does anyone have a CPA in Tulsa, OK that specializes in real estate investing that they’d recommend?
Hey all your savy investors out there, I have officially completed my first "BRRRRRRRR" after 2 years. I did all the work myself and what a learning experience it has been. I was able to take the annual gross rents fr...
We live in Salt Lake City, Utah and we bought a house a little over a year ago as our primary residence. We will be selling it for a profit that will put our annual income well over $80K for the year but want to make ...
Greetings,
My wife and I are just flirting with the idea of jumping into real estate investing. I am retired and working on career #2. We have three children; two in college, one leaving for college next year. All of...
Hello, I'm in the stage of figuring out where my money is going. When I hear people say, "Live off 50% of your income, invest/save the rest" how would I calculate that amount? I know the difference between GROSS and ...
I'm thinking of converting a vacation home to a rental. Obviously I can get depreciation advantages, but how do I do that? Do I simply start taking depreciation on Schedule E? Can I get retroactive advantages? How...
Bonus depreciation is a powerful tax benefit but even some of the most seasoned real estate investors have never heard of bonus depreciation. Why not?
It’s traditionally been a tax benefit reserved for developers tha...