Abraham Berkowitz
How could I avoid paying a lot of tax on capital gains through a fix & flip?
Hi I just went in to contract on my first fix & flip in Scranton Pennsylvania, and I am looking for straragies how to avoid paying big taxes for the capital gains, (beside of deducting of the expances).I heard tha...
Kyle Scholnick
Can rental income be put in a solo 401k?
Can you take rental income from a rental property and put it in a solo 401k and therefore delay the taxes on the rental income?
Yue Tian
AirBnb Expense Writeoff
Hello, I started my first AirBnb late 2023 and it was rented out for less than 14 days. Based on the 14-day rule, I don't need to file any profit from my short term rental. However, my main expenses (furnishing the pr...
Braden Burton
Buying as primary residence vs investment
We have a commercial spot under contract that has a 3/1 house as well as some storage potential and a small commercial unit. In talking with the bank we are getting in house financing at 5.4% amort 30 years. My questi...
Andrew Great
How much property taxes should I submit to IRS?
I purchased a rental property at the end of the year. At the time of closing, I paid property taxes for the September, November, and December. The rest of the taxes was deducted from the purchasing price at the time o...
Andrew D Hansen
Capital gains on 2nd property rented 15 days.
I bought a condo and rented it to friend for 15 days then it did not work out. I did sell it owning it a total of 20 days. I paid 160k and sold it for $170k. I Did not invest any money in repairs. Question: is all my ...
Will Jimenez
Determining ARV with no good Comps
Guys,I am looking to make an offer on an off-market property. The particular property I'm looking at is the largest in the neighborhood. Similar square foot, bedroom count, etc. comps in the area are on the water, but...
Reid Hanley
POH Proponents - Tell Me Your Vacancy and Expense Ratio %
I own two MHPs with all POHs. Like all of us POH gluttons for punishment, I like the revenue, but have all the vacancy (usually in the middle of the night) and maintenance headaches that the TOH proponents want to avo...
Vladimir Leon
Build wealth through rentals
Investment Info:
Single-family residence buy & hold investment in Deltona.
Purchase price: $85,000
Cash invested: $10,000
Sale price: $141,000
Purchased single family home (3/2) from an inves...
Charlie Boy
Mortgage Tax Breaks At Risk!!!!
It looks like the vultures running the country are considering hurting mortgage tax breaks.
http://finance.yahoo.com/news/Analysis-Mortgage-tax-break-rb-3724808878.html?x=0&sec=topStories&pos=2&asset=&...