I recently bought a house in August that I will be flipping. I am looking at making around 90K to 80K before taxes. This will most likely put me in the 24% tax bracket but I am close enough to falling into the 22% tax...
Hi everyone, I am interested in tax planning strategy to lower my W2 tax liability and create investment opportunity through the use of creative tax strategy. Can someone offer me some suggestions?We can work with the...
Hi! My name is sheila and im a nurse and my husband works for coke. Last year i made 247k (before taxes) and my husband made 80k. Our taxes for 2022 was 54k so we ended up owing 3200. In 2023, im estimating making 312...
Hi! Can anyone advise in the PA, NJ or FL RE markets re: getting a loan for either 1-4 units or more without having a large, taxable income shown on tax returns? My taxable income has significantly dipped due to chi...
I would like to purchase a property with high taxes and later dispute the value of the total assessed value to get it lowered. Has anyone had success in getting this done and what was the strategy.
Okay guys.. so in short, we sold our family businesses and now I have a great opportunity to get into house flipping full time. We currently own 2 properties in our personal names and one is almost done. So we want to...
I wanted to get everyone's thoughts on the potential threats of a Trump presidency when it comes to the real estate market. I have seen other forums mention how he may end mortgage interest write offs as well as the p...
I have an interesting property tax situation because of my house hacking situation. I bought a duplex in Texas in 2020. I live in side A so I filed for homestead. The county put a homestead on half of my property, but...
I'm curious if anyone in Des Moines or the state of Iowa on BP is a member of IaREIA - http://www.iareia.org/Default.aspx. Looks like a good networking group with monthly seminars that provide useful knowledge to tho...
I've self-funded the construction of two STR cabins ($620k each; land included) in separate locations over an hour's drive apart. Both are probably in the top 0.01% of all STRs nationwide at 99.2% occupancy, $772/nigh...