Gavin Wynn
Taxes/ question for accounants
13 October 2024 | 7 replies
In general, the IRS allows you to deduct certain expenses, including closing costs, in the year the property is placed in service as a rental.
Sasank Kuditipudi
Beginner in Real Estate Investment
10 October 2024 | 7 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.
Uri Frodis
Wheelbarrow Profits Academy with Jake and Gino
11 October 2024 | 40 replies
Feel free to DM me if you want to hop on a call and discuss further.
Maggie Hanner
Orange County Investing
10 October 2024 | 6 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.
Art Webb
IRA to Roth IRA Conversion Strategy - Is this a sound strategy ?
11 October 2024 | 2 replies
However, it's important to note that using leverage in an IRA can trigger Unrelated Business Income Tax (UBIT), and there are strict IRS rules to follow to avoid prohibited transactions.
Andres Padilla
Real Estate Investor
8 October 2024 | 2 replies
Often you can find other with pocket listings for deal on the forums as well.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.
Joel Barjon
Your advice on 1031 exchange
10 October 2024 | 6 replies
Buyer is aware that seller intends to perform an IRS Section 1031 tax-deferred exchange .
Matthew Freese
Tax Deduction Rollover Into Next Year
9 October 2024 | 5 replies
You run the risk of the IRS classifying the property as 'personal use' if you rent the property for a lot less than FMV.
Fareen E.
Seeking LLC Guidance; Long Time Realtor, First Time Investor in Michigan
10 October 2024 | 17 replies
I know I will have to report the LLC’s profits but I’m confused as to how to handle the draws with respect to the IRS.
Rudy Galan
Just came across bigger pockets
8 October 2024 | 5 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.