Just finished reading Set For Life. 401k's let your wealth compound tax free but if you're in a higher tax bracket later in life, you're differing your tax bill to a higher tax bracket.
I also want to accelerate my a...

Greetings folks,I may be taking a job in the Spokane area which means my California home will be sold.  I owe $220k and Im very sure that I could sell it for close to $600k.  Im trying to figure out a way to avoid cap...

Good evening BP,Out of curiosity, how much should one save off of the cash flow that one could make off every unit? For example, say I bought a home and it cash flows $400 a month after all expenses. Am I free to spen...

Hi there, If you purchased and rehabbed a property with cash and then owner financed the sale. Is any of the purchase or rehab money tax deductible on the gains from buyers down payment/monthly payments. 

Our IRA adviser is trying to convince us that capital gain taxes will eat up our profits and want us to keep our funds in the IRA or transfer them to a 401K instead of closing these accounts and investing them in our ...

I'm planning on mounting an LLC to start my first real estate investments. My plan is to immediately re-invest all profits generated by the entity, in the name of the LLC, so I pay no taxes on it. I would probably inv...

Hello everyone!Okay, I have a question I’m open to hear opinions. So this is my 2nd official year owning my investment business. The first year I did mostly flips. I have my tax returns from that year where I hardly w...

Hello fellow flippers. I'm doing my research and I'm wondering what's the best way to see more of your profit, the right way of course. I hear 1031 exchanges are the way to go but it doesn't eliminate capital gain tax...

Last year I had a W2 job, making the median income in my area and owned a house hack I had just bought.  I hired a CPA but there was no tax strategy or planning and I probably could've saved the money and used turbo t...

With the tax breaks that come along with owning a business, should I register as a business before I start flipping houses?  I'm just concerned that the money gained will count as income which could be a tax nightmare.