Do THIS When Selling a Property That is Also Your Home Office
So, if you did use a home office in your home, exclusively for business, and then you don’t want to have to face the capital gains consequences, when you sell, you would need to stop using that home office for business purposes for at least two years. How did they get around? Like, I mean, […]
Fun Cheapo Ideas w/ Marilyn Anderson
https://youtu.be/JndGlTr6hwI Hey, simple, passive cashflow listeners. As you guys know, I am a recovering cheapo. I call this cafe style, which stands for cheap-ass free and easy. C a F E. You guys can read all about my cheapo adventures@simplepassivecashflow.com slash cheapo. If you’ve got any good ideas, let me know there, but today’s podcast. […]
Tips for Creating Genuine Connections
One tip I always have is yeah, you introduce yourselves, but it’s always about the other person help them out. Like one tip I’ve always followed for myself personally, is help out the other person first, which is why I do all these free onboarding calls to new investors is I’m just trying to add […]
Can You Extract Depreciation From Your Primary Residence?
Can you cost segregate out and aggressively extract the depreciation on a primary residence that you want to live in. Let’s talk a little bit about that, that you cannot do. You’re not allowed to depreciate your own call. The exception to that would be if you’ve got certain areas that are used exclusively for […]
How Do You Want to Be Remembered?
I think when we step back one of the taglines for final touches, how do you want to be remembered? And that’s not just thinking about some people take it to the morbid side of when I’m dead. Certainly they will all be remembered at that point in some manner. But how do you want […]
Do it Yourself Cost Segregations w/ Bill Smith
Hey Simplepassivecashflow listeners. Today, we have Bill Smith here who is going to tell us all about the, do it yourself, cost segregation. For those of you guys who own single family homes or rental properties on your own, this can be a great cost effective means for doing a cost segregation, but hey Bill […]
Is a Cost Segregation Worth it on a Single Family Home?
How much does it cost segregation cost? It doesn’t make sense to do it on a smaller property, or is there a certain rule of thumb that you have. In general. It’s hard to say if there’s an exact rule of thumb, but I have done studies on single family dwellings that were purchased for […]
Can You Put Cash from ROTH into an LLC?
Question. Can you put cash from Roth into own LLC that owns passive income? No, you cannot. That would be oddly what’s called a prohibited transaction. So when you own rental property in your IRA, or any of these self-directed IRA accounts, there’s a arms length transaction rule where you can’t be adding sweat equity. […]
This is the Next Big Tax Deduction
And there’s a crazier one Lane, you and I have never spoken of, which is the solar credits that are still floating around out there for business use. For example, what’s going to become a big incentive and I can almost tell you that this is going to be a reality. So I’m going to […]
How Many Rental Properties Do You Need to Retire?
How can I continue getting bank loans for my buy and hold properties? The banks will not count rental income until it’s full two years of tax returns, which is almost three years of ownership. If I keep buying five units per year, my debt to income would be too high to qualify very soon. […]
