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WOOHOO It's been a decade since I've seen a refund from the IRS. I'm finally seeing the tax benefits of owning rental property. So welcome TaxMan, it's good not to hate you any longer.
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Investment Info:
Single-family residence private money loan investment.
Purchase price: $40,000
Cash invested: $15,000
Sale price: $159,000
We partnered with an experienced real estate investor (...
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Hi! This is mostly for the landlords who have properties in other states. We live in Massachusetts, but our rental property is in Pennsylvania. Do we have to file PA taxes as well?
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How would one invest $10,000 in RE and earn a good return on their money? Please share any insight or tips. Much appreciated.
After you make your first purchase and each following, what does it take to get the loan to purchase the following property? I have a 30 yr mortgage and expect I would have to show the rental income from the first cas...
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Hi,I am looking for some advice in terms of the financing strategy to grow rental portfolio. Now I have no mortgage debt on my primary house (market value 700K) and 2 investment properties (total market value around ...
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Hi BP,Like many buy-and-hold REIs, I'm getting hung up on what entity to form with regard to investing in notes.Have most of you formed an LLC? My understanding is that some exchanges will only sell to an LLC or compa...
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I'm interested in whether any of you think that your country would be better off if it used a Land Value Tax (LVT) to replace income taxes? The basic idea is the income tax is really terrible because it punishes peopl...
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Hello all,I'm new in the notes business and I have an opportunity to buy a pool of 4 notes in different states. I'm wondering whether it's possible to keep all of them under my LLC which is in Florida. It means that I...
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Good afternoon everyone! So in my self-education on notes, of course learning about that the interest portion of payments are taxes as normal income (assuming no self-directed IRA situation). Is there any strategy t...