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 […]
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 […]
2021 Changes to Real Estate’s Biggest Tax Incentive
The 2018 tax and jobs act allowed for a bonus depreciation and whole bunch of passive losses that you could extract from deals that do cost segregation. The bonus depreciation was, Hey, if you have five, seven, 15 year property, anything less than 20 years. You could choose to accelerate the depreciation. Â Now let’s […]
2021 Tax Changes | What You Should Do
What are you thinking it’s coming up in the future. It’s like the Biden clan going to be getting rid of that 10 31 exchange out of the 10 31 exchange. They want to get rid of step up and basis, and that’s going to affect all of us. That’s huge for anybody who has […]
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. […]
Borrow Against Your Home or 401(k)?
Did this investor wanted to know, should they borrow or invest? So they’re looking at a hilar and he looked at 5.5 and a 50,000 loan out, or their 401k for four and a half percent. So I guess first thing, I mean, awesome, cool. You’re looking to borrow. Most people would think this is. […]
How the Repo Market Led to Printing Billions of Dollars
0:00 So I dug into what the repo market is. And just to keep it super, super simple, it’s basically a pawn shop for banks. So imagine a pawn shop, you’re short on cash, and you’re like, Okay, what do I have, I got a watch, and you go down to the pawn shop, and […]
New X1 Credit Card – Should You Get It?
0:00 What’s up guys, I’m on to do a quick pre review of this new credit card, I found the x one credit card, which the reason why it’s kind of exciting is because it’s made out of steel. And it gives us 4% cashback or points, which is pretty high for your general credit […]
