AJ Wong
Never. Stop. Learning. 20 years around mortgages and just discovered 2x1 Buydowns!
As primarily a buyer's broker the increase in mortgage rates has clearly made some investments and property purchases prohibitive. One part of the solution could be a 2x1 mortgage buy down. As I understand it, buyer's...
Jordan Meyer
Income Tax write off maximum is $10k?
Hello,
So I recently found out that you can only write off $10k from local and state income tax. Does this mean I cannot write off depreciation + property tax + mortgage interest more than $10k?Thanks in advance for ...
Corey Dutton
Scams in Forensic Audits Cost Borrowers Millions
Foreclosure rescue scams, also known as forensic loan audits, are still alive and well. In a loan modification scam, a forensic attorney or CPA, agrees to review mortgage loan documents in exchange for a fee. These...
Jack B.
Can I use a Solo 401k to reduce my taxable W2 income?
I have a full time job and rental properties. I'm looking for ways to reduce my taxable and am looking into whether 1) I qualify for a solo 401k as a landlord and 2) whether it will help me reduce my taxable income. I...
Brandon G.
Tax Question
If I purchase a flip property at the end of this year and then sell it at the beginning of next year, how is that taxed? For example, are the expenses reported as a loss this year and the entire sales price shown as a...
David Ashworth
St Augustine STR Newbie
Hi all, buying my first STR and selling a piece of land I bought in 2021 for 4x to help reduce the note. I’ll have this place more than 50% paid off and will see how the rental market fairs before adding leverage. T...
Mike Hoefling
Assessed Property Value - Massachusetts
I was looking at my current Assessed Property Value that I recieved in the mail last week from the local Tax Assessor and I think the valuation may be incorrect by 15k-20k. I am wondering if it is worth submitting a t...
Craig Poskus
Need help from the tax gurus
I bought a rental property in September 2016 and received credit on my closing statement for property taxes for $3,000. I paid property taxes of $4,600 in January 2017 for the 2016 tax year. From what I have resear...
Sid Naik
Sunnyvale condo not selling
Hello,I have my condo in the market for last 2 months . Single bedroom condo 1 mile from Apple Spaceship campus . Reduced the price by 5% since listing . In general we have had a few bites and did go pending once at...
William Simmons
Investor in Pennsylvania
I am here to learn by reading about other people's success and failures in the hopes of reducing my own failures and maximizing my potential for success. Presently I buy hold and rent several houses in emerging marke...