My wife and I don’t qualify for as many mortgages due to our tax strategy working so well. Is our only option to temporarily forgo tax deductions and realize more income in order to qualify for more loans?
How can I avoid being classified as a dealer if I sell real estate?
Should my rental properties be in a land trust that is owned by an LLC?
Is there a minimum amount of time that a property must be held in order for it to not fall into the "fix and flip" category for tax purposes?
I am reading about the advantages to accept a seller finance offer. One of the advantages is that they can spread the tax due over several years. Can you explain how this process is done?
Our rental real estate is reducing our income for taxes, which is fantastic! Lenders always want to see our tax returns. How do we show them our "real" income?
You mentioned in the live session of Ask Tom Live that a serious real estate investor should pay little or even no tax. How is this possible?
When you transfer rental property into an LLC, is it considered a sale of property?
I want to purchase a rental income property before the year is out. Would it be wise to purchase this rental property or not? Are there any tax benefits for doing this now?
Is there a "rule of thumb" about how much I can reduce my current withholding based on each $100,000 (or some other value) invested?