Account Closed
Paying off Rental or Primary
31 December 2024 | 8 replies
Account ClosedI recommend that have a consultation with your tax accountant and/or financial advisor on ways to reduce your taxes.
Timothy Parish
Solo 401k IRA
2 January 2025 | 2 replies
Selling the property within your Solo 401(k) and returning the proceeds to the account simplifies compliance and ensures tax-deferred growth (or tax-free in a Roth Solo 401(k.)).
Christi Wolverton
Credit card payments declined
16 January 2025 | 6 replies
They should pay just like someone on a regular lease pays - cash or equivalent into your bank account.
Gary Abrams
PM software or app, to organize for a secondary manager to take over
7 January 2025 | 3 replies
Once you have a short list, get an account with each one and run them through the wringer to see how they function.
Baron Wheeler
Guidance midterm rentals in south Houston?
16 January 2025 | 7 replies
Fortunately/unfortunately I don’t have any Facebook or other social media accounts.
Geoff McFarlane
Sell our home or rent it out?
20 January 2025 | 7 replies
That’s like depositing $300 into a savings account every month.Plus, it’s an investment property, so you can depreciate it to save on taxes.More Than $1,500This isn’t just about making $1,500 in rent—it’s about building long-term wealth.
Will Almand
Cost Segregation Questions
20 January 2025 | 11 replies
Most likely your conclusion is correct, but the only way to confirm it is by having a real estate accountant review your tax situation.Also, please read this introduction if you want to better understand the concept:https://www.biggerpockets.com/forums/51/topics/1075919-five-...
Doug Teasdale
Wholesale assignment agreement question
15 January 2025 | 4 replies
Quote from @Account Closed: Honestly have no clue, but my guess would be contact a lawyer who specializes in real estate.I am also trying to get a hold of other wholesalers in my area and real estate agents.
Lacey A.
Rent to Myself
20 January 2025 | 5 replies
The ultimate answer is no (and I'm not a tax accountant).
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
20 January 2025 | 25 replies
I think most successful investors would tell you that, while you need to take tax into account in your decisions, you shouldn't make a decision based on that alone.