If a property has negative cash flow at the end of the year do you get a deduction on your income taxes that are owed?
Say if you earned $30k from your job and you owe $1000 in income taxes but your property had a ne...
Looking for advice... I am a newbie looking into potentially getting started/involved with REI which has fascinated me over the years, just never took the plunge. I have been in corporate america for ~ 40 years and ...
I’m not a rude, inconsiderate investor. But I’m practical and willing to do my research prior to presenting offers.
A run down cottage has been on the market for a year now, there have been three price decreases. 10...
Hello everyone, I am contemplating on purchasing another property in SLC. But with the new high interest rates it is very hard to decide if I should wait or bite the bullet. My current property was purchased in 2020 w...
So I just finished reading Robert Kiyosaki's Rich Dad Poor Dad and he stated something about how business owners pay taxes vs how 9 to 5ers pay taxes. He says 9 to 5ers pay the gov first in taxes and they get whate...
I thought I might see a little more about the new Canadian mortgage rules and how it's effecting investors, I would imagine this is more an effect on the smaller investors but I also wanted to know how they were findi...
After my first year of self-employment, I have found out that the interest rate on underpayments is currently only 3%. Does anyone intentionally not pay quarterlies, knowing that they can invest that money and make m...
For people who are on a W2 what would be the best way to negate W2 income (including stocks?)? Is this possible with long term multi family real estate?
Through my employer I have a 403B. I don't have the much money in there. I'm probably going to be paying a decent amount in taxes this year, I made a lot more than last year. What I was thinking was putting in a lo...
Many people wait until the end of the tax year to start their tax planning. However, there are a lot of benefits to planning and strategizing at the beginning of the tax year instead. Since 2023 has just begun, now is...