Michael Zandona
Best Investment for Depreciation
What investment choices would you recommend to offset W2 income taxes? Let’s say we’re shooting for $50k tax saving per year. My wife is a real estate professional (we can deduct real estate depreciation) so a proper...
Mary Jay
How do rich pay zero taxes legally?
Hi guys,So I hear often (Robert Kiyosaki, Trump, other rich etc) pay zero taxes legally.Lets say Kiyosaki's business "Rich Dad, poor dad, educational LLC" made 100K.The same LLC went and bought a rental house for 100K...
Kishore P.
JV, SDIRA, UBTI, IRS, Partnership Contract, Legal Entity
Hello All:My partner (Realtor) and I plan to get into a 50-50 % partnership by pooling our individual financial resources to invest as equal partners in a Residential Rental Duplex. Background about JV:Acquisition Pri...
Doug Phillips
401k Savings Plan through Work
Hi everyone,Starting in May I'll be able to contribute to my day job's 401k; up to 3% will be fully matched and then 50 cents for the next 2% (I plan to fully max out). I will become fully vested I believe too. I do...
Dean Bergstrom
DSCR, HELOC or traditional loan?
I have a free and clear, rented property I intend to keep for now, but want to get a loan to pay off another property's loan to 1031 it with no mortgage balance. Is the DSCR loan possible in this situation assuming t...
Matthew Nelson
100% DV in Texas: Property Taxes on Multi-family?
Can you “house hack” a 2/3/4 unit multifamily as a 100% VA-disabled veteran in Texas and avoid paying property taxes if it is your primary?
As a disabled veteran, with a combined 100% rating through the Department of...
Justin Anspach
Keep home as rental in CA, moving out if state
I live in the Central Vallet of California. I am considering moving out of state. I am trying to discern if keeping a CA home will be more trouble than its work if I Move away. Rent will be double my current mortgage....
James Hiddle
Interesting Article
http://finance.yahoo.com/news/new-american-dream-is-renting-to-get-rich.html
Paul Yousef
New Member Greater Detroit Area
Hi BP community I just want to start off by introducing myself to everyone and I thank everyone for your contributions in advance. My name is Paul Yousef from the greater Detroit Area. I've been on bigger pockets for ...
Troy Welch
MLS Description says "Income producing"?
This is a quote from a description on a $150,000 duplex "INVESTORS....Income producing property. Each unit is rented at $700.00 per month"It is 1008 sq ft, not on a large lot or in a growing area.I see this often and...