ZZ Song
Any experience with Prime Corporate Services?
20 January 2025 | 31 replies
I had to redo everything they did on my taxes.
Nick Raffety
New investor looking to house hack in 6-12 months
2 February 2025 | 0 replies
I'm Nick - a 26 year old tax accountant living in Charleston, SC.
Ryan Daulton
Benefits of self-directed IRAs
14 January 2025 | 18 replies
During escrow converted it to a Roth and paid the taxes.
Basit Siddiqi
Experienced SFH Investor: Next Steps?
30 January 2025 | 7 replies
Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?
Helena Lee
Has anyone ever experienced buying a house with full bitcoin?
31 January 2025 | 2 replies
So, if she bought the bitcoin for $1 million and is now using it to close on a $10 million property, that is a $9 million gain that needs to be accounted for in her income tax.
Sonu Sundar
Dubai real estate investment
27 January 2025 | 35 replies
Another wildcard is that the tax office opened in The UAE a year ago.
Josh Otero
What’s the hardest part of being a property owner?
18 January 2025 | 18 replies
Then there’s this glorious tax season where you realize how many things you get to deduct that others can’t, while sheltering your income with depreciation, and earning tax free income with appreciation.
Tristan Kelly
First MF purchase in Cleveland OH
29 January 2025 | 11 replies
Enough immediate cashflow to balance out the mortgage, taxes and insurance.
John Gillick
1031 leverage question on partial sale
15 January 2025 | 11 replies
You can use it as a downpayment on a property over $450k and use leverage tax free.
Victor Yang
NC residential equivalent of a NNN lease?
20 January 2025 | 3 replies
Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.