Hey! We're about to close on our first rental flip. I've been doing some reading about the 1031 exchange but still have questions. Do we have to reinvest all of our profits in order to not get taxed or can we just rei...
Hey folks -
Would love to hear from those who own vehicles that are considered business expenses. Jumping from 1 to 5 units soon and I will be buying a used truck to have on hand for building materials, appliances, ...
My wife and I both work full time and are looking to house hack for our first home with plans to purchase more rentals in the future and build a steady income for retirement. Before starting we were hoping to get some...
Understanding rates of return and Student loans at 18k with 6.55 percent interest. Could pay off by the end of next year. Found some great duplexes that fit my budget. From your alls experience and just your honest o...
Hello, For a few years now i was not able to be approved for a Loan to purchase my first home because of a high car loan. I no longer have this vehicle in my possesion and am not held responsible for the car loan anym...
So I decided to sell my luxury car in order to free up more capital for real estate deals.I couldn't justify having a lot of cash tied up in an expensive vehicle anymore knowing I could be investing that money.I curre...
Currently infatuated with opportunity funds and in dying need of ideas to manufacturing capital gains other than Real Estate, Stocks, Bonds, and Mutual Funds. An idea that I've been brain storming is to sell my car t...
Over the years, it's been told to me over and over that taking the mileage deduction is better than the alternative of expensing a vehicle (forgive me if I got the term wrong.
Recently, some highly successful investo...
We are in the process of purchasing a rental home in a golf course community and everyone has a golf cart. So, can I write off the purchase of a golf cart for golf course rental? Advertising the property to include t...
Can anyone tell me what the “back in my pocket” amount I’d receive from using the section 179 vehicle tax deduction?For instance, say I purchase (for my business) a vehicle over 6000 gvwr, for 40k.If I’m able to write...