Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
If you have a self directed IRA there are no tax consequences (but potentially various other issues), otherwise you will be subject to tax at the highest dollar rate as well as penalties if you are under 59.5
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
Primary issue I see is being priced too high for the current market by a few hundred dollars.
John Keane
Where to find gap funds?
22 January 2025 | 14 replies
Now my investor network as expanded and the best split I have experienced was 65/35 in my favor but I invested 40% of the cash and created over a million in imputed equity before any investor dollar was raised allowing me to originate a bank loan at 87% LTC.
Chris Shon
Do I need a Real Estate Tax Accountant?
28 January 2025 | 20 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Sam Robbins
Advice for rental in HPR
8 January 2025 | 6 replies
You'll likely pull a few hundred extra dollars and will will get shorter leases that could work better for your traveling.
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
If there are banks involved on a multi-million dollar deal, you will need a partner with experience for the banks to consider it.
Devin James
To those who consider themselves very wealthy, is wealth worth what is takes?
22 January 2025 | 56 replies
and on BP ultra wealthy could mean 1 mil in cash or 100 mil in cash or billion dollar empire :) One thing is certain unless you inherit wealth it takes some amount of work to obtain it.
Jasmine Thermitus
Primary to Rental Property
15 January 2025 | 15 replies
. - You have no recourse against an agent or PMC once you pay them for the placement and it turns out to be a terrible tenant:(If you have the time and network and post here for assistance, it's always a good idea to learn the rental business from the "ground up".Of course, one mistake can also cost you thousands of dollars.
Jesse Valdez
HELP***Week to week tenant eviction
12 January 2025 | 28 replies
I invoiced an extra 25 dollars for part of the cleaning that I needed done extra and it was disregarded.