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Hey BP family ! Any CPA’s out there lol . I am a new investor and I have been taught the formula goes like this Income-expenses = cashflow but, my question is do you pay taxes on that “cashflow” ? If so, how much sh...
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Did anyone go to one of these seminars where they teach you about real estate investing? I'm sure they probably want you to sign up for a paid mentorship program. I'm not sure I'm making good decisions but I am making...
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Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of personal itemized (Schedule A) deductio...
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Is there a calculation to determine how much Real Estate you need to buy to bring your tax liability to zero? For simplicity's sake, we can just use straight line depreciation.
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I desperately need to purchase a rental property to reduce my taxes. Finally to the point where the cash flow is good but taxes take a huge chunk. Not sure where I start because I want to retire within the next year o...
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I am considering working with a property developer in NJ to buy land, build a duplex/triplex and sell it (6-9 month time horizon). Is there any creative way to avoid/reduce capital gains tax on the sale ? From what I...
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i was wondering - if i have 3 rental properties that bring in say, $1000 a month each - $500 of which for each house (or $1500 total) a month goes to principal, does that mean that my tax break would be $1500 x 12 for...
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One of my houses was hit hard by the Texas freeze, with the main water pipe broken in several places. I finally got my spot in a plumber's long work list and they replaced over 80' of pipe. The house was without any...
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I have a question with respect to Cash-Out Refinance.Background and some context- We bought a duplex last year and put in some money into it.- It lost money this year due to an eviction and we ended up doing a major r...
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Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...