I'm new to real estate and been self-educating for the last 8 months or so ...but one thing I'm a little confused about is the tax advantages...
Do you have to wait until you are a full-time real estate investor to b...
Hi investors,My husband and I are high income W2 earners and invest on the side in rentals and notes.We got hit hard in tax liability, even with tax law changes. Any recommendations? If there’s other W2 folks out ther...
Hello! Let's start a list of ideas we all can do to pay less taxes! I heard someone on the podcast recently just briefly say "Learn to live on pre-tax money." And I haven't been able to get that out of my head since...
What is everyone's thought about including tax savings (i.e. Mortgage interest tax deduction, etc) as income when analyzing deals? Does anyone do this? Should I be considering it when determining profit?
I was watching the video Brandon Turner did for analyzing a deal recently and got to thinking. When you own a rental and are collecting money from it, I'm assuming the government sees that as income, and presumably wa...
I bought my first home in April of this year (2020). It is a single family home and I am currently house hacking by renting out the 3 other rooms to some friends of mine. The home is my primary residence. My mortgage ...
Buying my first commercial property in South Dakota. I talked to my CPA and he stated that there isn’t any tax benefits to purchasing this property INITIALLY. Is this true or is anyone aware of tax savings or reduct...
We recently purchased a property that we rehabbed and are curious how long we have to hold it before selling it using a 1031 exchange to a more expensive property.
Hey everyone,If you're able to purchase properties well below the appraised tax level, I highly recommend appealing to the county to have your property taxes lowered. It doesn't require much effort although it's a sl...
I own a rental home that pulls in ~$400 / month or $4800 / year. I need a new car which is going to cost about $310 / month to lease (including insurance) or $3720 / year. I'm planning on putting this car under my bus...