Dawn McComish
Purchasing property with crypto
I am a realtor and I have found a title company that says they can handle a crypto transaction. They will verify the funds- transfer them to escrow and give the seller US dollars. They are a reputable title company ...
Andrew Thomas Vedder
Tax deductions for real estate
Hi BP,I’m struggling to calculate the potential tax benefits for owning a real estate investment property. My research has shown that the following are the greatest available rental investment property tax write offs:...
John Morgan
Do I need to file a franchise tax report for my LLC?
I formed an LLC in Texas for my 6 rental properties last year. A letter from the Texas Comptroller of Public Accounts says my company’s first franchise tax report is due in May. What is this and do I need to file it f...
Hisham Ahmed
IRS Question for wholesale business
Hello everyone,
I just about to form an LLC in TX to do property wholesale, and I was wondering if I need to get an EIN number from the IRS for the business.
Is this kind of business taxable and I will need to file ...
Jim Ballatin
How do I use my Roth account to invest in real estate?
Do I need an attorney to make the withdrawal from a Roth account through Fidelity?
Linda Higgins
Can I pay myself as a property manager?
I have been managing my own rental properties for last five years and I have a full time job besides my rentals so I have never paid myself any management fee. I heard some of investors suggested I should pay myself 1...
Ron Read
Checkbook IRA for first Buy and Hold?
So after probably too much research, I'm looking to take a leap into some buy and hold or perhaps BRRR investing, but I'm short on savings, while long on IRA assets. Rather than wait any longer, I've decided to use m...
Leo Gonzalez
Paying Income Tax on Low Cost/High Cashflow properties
After successfully purchasing and renting out a duplex in Syracuse NY I've started considering the tax implications of the gross income I will be receiving. The analysis I did on the property accounted for expenses l...
Ryan Rabbitt
Employer does not match 401k - should I invest?
Hey BP Community - My employer does not match 401k contributions so I'm considering abandoning the contributions altogether and instead investing in something like the SPY ETF on a regular basis. I'm curious if anyone...
AJ Smith
Solo 401k Eligibility
I have done some searching on solo 401k eligibility, I have a couple main questions. For context, i own several small multifamily units that i self manage without employees and am interested in tapping into the tax in...