Greetings. I am trying to wrap my mind around the potential tax benefits, deprecation, and cash out opportunities of a fully owned property with the intent of reinvesting into another property and increasing cash-flow...
Just found the site and am tearing through podcasts and articles. Such a great resource. Thank you to the founders and wonderful contributors. It has been a huge help. I currently only have one rental property but am ...
Is it allowed to own and get rental income from a real estate while on H1B visa ? Also is it allowed to form an LLC for a rentalProperty on H1b ?What are the tax forms that need to be submitted when the property is ma...
What are the tax implications to the seller of this 0% loan?The seller's attorney is against this type of deal citing IRS problems-- anyone out there with some experience rebutting this issue?I have done deals like th...
I am a house flipper. Was a Realtor then switched to primarily house flipping because I am better at it and pays more for me personally. 26 year old (almost 27) single guy. I own a house in Hyde park Cincinnati which ...
Hi members,I recently met my CFP and he concluded that after all these years of accumulation in 401k it's time to take steps to minimize taxes and reduce/eliminate RMD. As expected, he recommends Roth conversion and ...
I am very much new to real estate investing. I have a ton of questions and haven't found google to be of very much use outside of pointing me to these forums. I have been browsing the posts and listening to the podca...
Tried to cash out with ally bank and they asked for 2 years salary proof. Is this a standard requirement from banks or are there others with less strict requirements of say a few months income proof?
Hey all,I recently sold a home in 2016. Unfortunately for reasons I don't want to get into, I couldn't do a 1031 exchange. So I had some capital gains plus depreciation recapture. So I know i'm due for some taxes o...
I'm a new real estate investor, and I found some basic tax tips, which I want to follow:
1. Depreciation - a non-cash deduction that allows me to deduct a portion of the cost of properties over their lifetime.
2. I ...