What does the BP world think of investing passively in a legitimate syndication like Brandon turners or one of the other established investors? Does this defeat the purpose of all the benefits of real estate IE apprec...
Is it ok to you your own name to wholesale your first deal? And then set up a LLC with the funds. Is there any pros and cons to this?
President Biden has proposed to nearly double the capital gains tax rate in an attempt to fund the $1.8 trillion American Families Plan. This has caused some investors to fear a loss in their wealth, while others will...
If I take equity out of my primary residence by doing a cash out refi, and that equity is used to buy a rental property, is the mortgage interest deductible? Everything I've looked at seems to point to it only being a...
Happy New Year BP! We have two rentals locally and are looking into new markets since our local market is higher priced vs rents.My question is, can we write off (for taxes) the cost (or some of the cost) of travelin...
Hello guys,
I am working on my first flip, I L/Od it and the tenets are ready to buy the home now. Here is where the challenge is:
The buyer works for family and get paid a big part of his income in cash. Thus, hi...
I recently completed building a house for myself and I’m ready to sell while the market is still warm. I can prove I’ve lived in it for 14 months. I’m trying to be creative to minimize my owed capital gains tax upon s...
I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
One of the recent BP Podcasts I listened to made mention of a huge selling point that the guest used a lot. He said that when sellers say they want 2%, 5%, Etc, in interest on their seller financing, he reminds them t...
Hello everybody. I'm a new investor and I've recently become very interested in the small tax write offs that I can begin taking advantage of to refine my strategy on taxes. One such strategy can be claiming a home of...