Rachel Anderson
Small Time Investor - Not a 'High Income Earner' - Cost Segregation Study?
Hi there. I purchased my first short-term rental two months ago and I put about $25k into renovations into it. I've never had a CPA before, but recently I've talked to two different CPA's about tax preparation for 202...
Paul Spangler
Are tax liens worth it if you only have a small amount to spend?
Tax liens can provide some great ROI, with some states over 15% annually and some even over 20%, but are tax liens worth the time and energy unless you plan on dumping $10k+ into them?
I'm trying to get started in ...
George Lay
Saving Money in Canada to maximize your downpayment.
I’ve been teaching people this for over 20 years. Here’s the answer. You should save your money in this order to maximize your savings…. 1. Leverage2. RRSP3. TFSA4. Non-registeredOf course it depends on your unique ...
Elizabeth Watmough
Lend via LLC?
To create an additional income stream, I have decided to privately lend (gap funds under $50k for my first) amongst other members of the REI flip method coaching program to which I belong. I have already formed an LLC...
Ran Fridman
Cash refinance and than 1031 how it works ?
Hello guys, we plan to take cash out refinance from one of our houses that are paid off ( no mortgage) and then 1031 exchange sale.
Appraisal for our house value $ 200,000
Step # 1 - Cash out refinance $ 140,000
...
Laith Ali
What is your tax rate when flipping houses
Hi Everyone, I'm about to obtain a house and flip it. I was wondering what you're tax rate is when you flip houses. From what I read, I could be paying 40-50% in taxes. Do you guys have any strategies you use to save ...
Max Briggs
Tax Advantages in real estate
I hear people often say that real estate is treated more advantageously from a tax perspective than other businesses. I frequently hear people say something along the lines of "I get 15% rate of return, and that's no...
Jon Rood
Ok....Now I dislike Bank of America too
My realtor calls me today on 3 bd. 2 ba. brick repo in my home town for 30k. Market rent would be around 800.00. I was excited and dropped what I was doing to go look at the property, and it was great deal for my area...
Adam Guard
Just attended my first tax sale auction
So this week I attended a tax sale auciton. It was exciting but I was not prepared to buy, just wanted to sit in and learn. These houses were going for so cheap...Do you get possession right away?!
Chris Kendrick
Brrrr extra profit
When doing a brrrr method and when you go and do a cash out Refinance , and once you pay off on what you borrowed from wherever, if you had an extra $5k after all set and down, so is that 5k have to be put back into ...