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Dear All,Of late, I was thinking should I convert my Solo 401K trust(Pre-tax) to Roth IRA (Post-tax : 25%) and then use that money to invest in real estate. I did some basic calculations and found that I tend to gain ...
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Question-If your taxable income for married filing jointly is less than the $83,350 threshold does that put you into the zero percent tax bracket for capital gains? So if your gain on the sale of a property is $100,0...
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How do taxes work if I sell a rental property for a gain within a year of purchasing it? Am I able to deduct all of my expenses from operating the rental against the gain from the sale?
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Almost 10 years ago I invested into a single family home remodeling project, which was to be sold upon completion. That never happened, thanks to the recession of 2008. With carrying costs, my original $268,000 invest...
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Curious to get the local take on whether or not I should buy a primary residence in the Bay Area now or wait in anticipation of a market correction/dip. I know this is a long debated topic with no clear answer.Here is...
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BP family.
What are the basics a first time land lord investing in rental properties know about taxes ?
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Wondering if it makes sense in any way to have my sons name on my next house/deal with me? He's only 5 and I really don't know if there is any benefit to having him on an LLC with me, or if it makes any beneficial se...
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If I were to make a renovation on my rental does that cost count 1:1 against my capital gains?
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Hello BP,I would like to ask some newbie questions, *Is there a typical percentage you pay on taxes for the profits you make from your rentals? If so, how would I determine how much I will be paying in taxes to budget...
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Hello I know that these loans have predetermined payment schedules for every month of the 30 yr note. My question is what if I make a large principle payment? Will the large principle payment allow my next regular pay...