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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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I'm looking at a promising flip in Vermont, but I read that the state of VT charges a cap gains tax. Is this in addition to the federal cap gains and if so what is the rate? Wow, feeling like everyone will make money ...
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Hi All,I currently own two rental properties (1 in NJ and the other in OH). Both of these were done with the traditional approach of 25% down, 75% financed and little rehab needed. After reading Brandon's book, I'm lo...
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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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My husband's and my goal is to eventually use rental income as our retirement income. We currently have one rental home and are looking to have ~10 within the next 20 years. So the question is...what is the benefit of...
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Hello all, haven't been on for awhile. We bought 2 SFR And a duplex end of last year. Here is a question for you.
What does a accountant mean when she says you need to learning how to move your money?
I just went t...
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In process of building my team and now am looking for a great financial advisor expert in real estate and high bracket tax deductions in Chicagoland area , preferably available for in person discussions. Any advice h...
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I wanted to get some advice/feedback regarding how private lenders handle the tax consequences of the income they receive from their loans. Is your Income taxed the same as your income from whatever tax bracket you fa...