Clayton Swansen
Possible Changes to RE Tax Code
https://www.nytimes.com/2017/04/22/business/trump-...Hi, Everyone! I came across this article in the New York Times today about possible changes in the tax code as it pertains to real estate. I am a new investor, havi...
Eric C.
SEP IRA contribution and loan qualifications - DTI calculations
I am looking to make a sizable SEP IRA contribution to reduce my tax liability, but I don't want to hurt my ability to borrow in the future by not making enough income. Is SEP IRA contributions added back in the way ...
Nick Causa
DTI and the Two Year Rule
Anyone have any success getting around the two year rule? My wife and i rent out our house and downsized to an apartment to save for a house. We’re now ready to buy a multifamily but because our rented house will con...
Horacio Gutierrez
Buying small multifamily
Hello,When buying a small multifamily rental property what documents will the seller provide you before you buy the property to get a good idea if the property is worth buying or you wont get 6 months Bill's and tax r...
LIpeng Wu
Conflicts of home office benefit and no FICA in rental income
I am now figure out the landlording tax. I know some landlord report their home as home office to get partial deduction and depreciation of their primary residency. However, generally self-employment also needs to pay...
Harold Gontz
Mortgage Interest/ownership question
I have a mortgage on another investors property. In exchange I have a mortgage note and receive 25% of net earnings. How do I list this for taxes? Schedule B for mortgage income or earned income?
German E.
HELOC - preparing to apply
Hi folks, I have some comments/questions regarding how to best prepare when applying to a heloc. For the last two years, I applied to a heloc at the same bank and was basically laughed out the door. This year, I was...
Josh Wallace
Pay off your mortgage using a HELOC
My mom came to me today asking about a strategy she heard about where people are paying off their mortgage in 5 years. I was very skeptical about this and told her not to do anything before she did more research. In h...
Chris Kinney
Tax Question - Cash out Refi to Payoff Primary Residence
One of my rental properties is fully paid off while I have around 200K remaining on the mortgage for my primary residence at an interest rate of 3.875% (and I am only 4 years into the term). I am thinking of doing a...
Jake Morin
Self-Employment Taxes (Medicare and Social Security Taxes)
Good morning all, Hope everyone is enjoying the busy season. I have been reading a few posts on BP forums (that are 3-5 years old) about self-employment taxes which state that if your average stay is less than seven d...