All Forum Posts by: Ying Tang

I’m considering a rental property that has a large cemetery down the street. The property currently has stable, reliable tenants, which is a positive. However, I’m curious whether the proximity to a cemetery could affect the home’s value. In many parts of Asia, this is considered a major negative and can reduce property value by as much as 50%. Culturally, though, it doesn’t seem to carry the same weight in the U.S.—is that correct?

@Greg Scott Wondering how to achieve 0 zero tax with $50k income. Is it through deduction of mortgage interests and accelerated depreciation?

Wow, it's a post from 15 years ago?

I'm not a cpa or lawyer but I listened to a seminar of a very famous tax lawyer (sorry cannot remember his name...). Basically he is saying if you make more than $50k a year from real estate business, you will likely (he said 99% chance) save money by having a S-Corp. And of course you still hold all your properties in your llc. CPA will handle all the paperwork for w2 and reporting. 

Hi BiggerPockets community!

I’m looking for some tax-saving strategies related to my buy-and-hold approach. My game plan is to purchase properties that generate positive cash flow from day one. For each deal, I put down the required 25% for rentals. For example, property #1 cash flows about $300/month, property #2 about $400/month, and so on.

I’m a new realtor currently accumulating hours for real estate professional status, and besides taking advantage of accelerated depreciation, I’m wondering what other strategies I can use to reduce my tax liability when all my properties are positive cash flow from the start.

Specifically, should I be using that cash flow to make additional mortgage payments, or would that be less tax-efficient? Also, how might this strategy interact with capital gains from frequent stock trades (I’m in the 37% bracket)?

For some context, I have enough other income to cover multiple down payments, so I’m not reliant on the rental income for my personal cash flow.

Any insights or advice would be greatly appreciated!

I agree with what others have said — five years is a long commitment, and most people don’t really know where they’ll be that far down the road. I’d recommend sticking with a one-year lease.

Also, while you mentioned your friend could help show the house to potential tenants, it’s worth considering this: an experienced property manager will likely fill the vacancy much faster. They know where and how to advertise effectively, and in real estate, vacancy equals lost income. The cost of hiring a professional might end up being less than the money lost during an extended vacancy.

It would be very hard. I myself would never buy a 33.3% portion of a property. It's simply not worth it.

Stable diffusion would give you more control over parameters compared to midjourney. I personally mix SD and MJ and achieve fantastic results. You need a little programming background for SD and MJ is super easy.

@Jay Hinrichs Hi Jay! That sounds like a very fun trip! I have a Highschool classmate in China who now has a factory that manufactures plush toys. He told me that the labor cost is about $0.2-0.3 for a 8 inch plush. I don't think American would want/appreciate "that" kind of work opportunity. Car industry may be a different story I don't know. I would think it takes at least 20-30 years for infrastructure, system to get back in place. 

Thanks for sharing!