So I am looking at buying a home listed at 150k with an assessed value at 135k. The next lowest assessed home on the same street is 195k. The neighbor homes are also similar in square footage and the number of beds a...
I'm trying to save up enough money to pay cash on my first brrrr property. I have been saving about a $1500 a week at my job but I'm also paying about $1300 in taxes each week. My thought is if I claim exempt on my ta...
If you're a real estate investor looking to maximize your tax savings and boost cash flow, cost segregation might be your secret weapon. Here's a case study on a 6-unit apartment building that shows just how much you ...
My grandmother passed last year and left farm land to a number of family members which is expected to be developed within the next 5 - 10 years. The land is owned in an undivided interest across five family members an...
In a 1031 exchange context, does a capital contribution to an LLC qualify as a "sale"?
Here's the scenario. Collectively, like-minded Investors A through M want to combine property in a fractured ownership, multifam...
I have a deal for $135,000 with 0% interest. This is in the form of a promissory note in exchange for the house. The seller is worried about tax liability down the line. Instead of a $135K loan at 0%, could we say som...
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 BPers! The deal: 1. You have a paid off mortgage on an investment property intended to be an inhertance.2. There are 2 family members on the deed.3. One family member is retired and shows less than 35000 per ye...
Switching jobs is a HUGE career decision that impacts not only your finances but also your schedule, quality of life, and more. When is changing jobs the right move, and what are the different factors at play? Today, ...
I am a young investor - I own two rental properties in states other than the one I live. I am trying to figure out the best way to set up liability and asset protection plus minimize taxes. Since I don't have a lot of...