Jason Thornberry
Small Surplus in Budget... Pay Down Principal or Put in Savings?
Lets say you have a standard 30yr Fixed Mortgage with a rate of 3% and a balance of $100,000.
Now lets say you have an extra $100/month that you could use to pay down the principal OR you could put it in a saving acc...
Aaron Montgomery
Questions to ask CPA/Lawyer
Hello everyone, and thanks in advance for your answers!My wife and I are just getting started in REI, and want to make sure we are off to a solid start. We’re planning to form an LLC, taxed as an S-Corp. to that end, ...
Brad Van Epps
investing for retirement while working full time job
Hey guys, I work a full time job and will be using by job savings to invest in real estate with a set amount of savings each month. On top of that I save 10% in my 401k. What is a real estate investors take on that? I...
Meghan Purkis
How and where to open an escrow account- GA Landlord
Ill be helping my father-in-law manage a property he has near Hinesville GA.Since I'll be charging a fee for helping him, from what I can tell he needs to put the security deposit in an escrow account.I've seen A LOT ...
Dustin Peters
Sep 401k or Solo 401k under LLC
I am curious about setting up a 401k under my LLC. Is it worth the time, money, tax advantage, etc to set one up. If so which makes more sense a Sep or a Solo 401k. Would it make more sense under an S-Corp, C-Corp etc...
Nick Sansivero
Can I 1031 Exchange a rental for a primary with an ADU?
Hey, question for anyone familiar with 1031 exchanges. I have a rental property I’ve held since 2019 that I’m considering selling. Would I be able to do a 1031 if I’m buying a primary property with an ADU that I would...
Jephte Augustin
Short-term rental tax deductions and their impact on W-2 income
I'm in the process of converting my garage to rent out as a short-term rental.I want to know if I decided to take advantage of the deduction to offset my w-2 taxes, whether I would get a refund from the IRS.ExampleAss...
Account Closed
Property taxes on your flip
Hi Everyone,I was approached by a "property tax specialist" the other day and he told me I could save a ton of money if the property I'm flipping has been vacant. I bought in October 20 and it was an REO. The REO gave...
Christopher James
30% Federal Tax Credit for INstalling Solar Panels
I recently read an article that there is a 30 % Federal Tax Credit for installing Solar Panel. Does anyone know if this is also available on investement properties?
Chris Pomerleau
Best Tax and Business Attorney
Curious for suggestions on great tax and business attorneys. I live and invest in Omaha, Nebraska, but I’m informed that I don’t necessarily need a tax attorney from the area. For example, I’ve heard great things abo...