Get to know enough CPAs, and you'll hear the "light bulb" story.
"I was helping this real estate investor with her taxes... and thought, 'Why am I not doing this?!'"
Yes, there are POWERFUL tax breaks available ...
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I keep hearing of investors who want to liquidate several residential holdings and avoid any capital gains by selling their primary residence then moving into another previously rented out home, which becomes primary,...
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I'm reading conflicting things regarding capital gains on rentals. According to the IRS site, it looks like one can live in a rental property for 2 of the past 5 years, even if that property was acquired as a 1031 ex...
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Hello All,Very new here, both to the community and to investing/real estate at large.I'm wondering if you all think it's worth it for me and my wife to find a CPA.Our financial situation is pretty simple. We both have...
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Bought a home for $170,000 in 2010. We spent $94,780 in capital improvements/renovations before moving out in 2020. We have been renting the house for the last three years ($27,240.00 annually in rental receipts). ...
I'm exploring my options to roll over a 401k from an old employer and want to make sure I am understanding the basics here. I realize that I'll need more specific and detailed advice from my own advisor, but the exper...
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I will try to be as brief as possible about my situation but I do believe it is rather unique. What I want to do: I want to set up a Solo Roch 401k this year and have checkbook power of the account for investing in re...
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Hey I’m seventeen years old and trying to figure out what to do with my money. I make upwards of 10k a year from a w2 job and save every penny. I want to own a multi-family house in my college town by the time I am 20...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $50,000
Cash invested: $25,850
Sale price: $112,846
BRRRR Deal Executed and now turning into a 1031 exch...
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Hi all,
Just want to reach out to the BP community to see if there are any good books our articles that will give me a good birds eye view of what is possible as far as tax write offs as I am a new landlord/RE inve...