Susan Oram
What move to make with a 401k?
So my mother has a 401k that she needs to roll over into something. She is willing to loan the money to me to help purchase real estate. Thereis roughly 26k in the account.
What would be the best vehicle to move th...
Neil Hohmann
Note buyers: Solo 401(k) vs Self-Directed IRA LLC
Hi BP,Like many buy-and-hold REIs, I'm getting hung up on what entity to form with regard to investing in notes.Have most of you formed an LLC? My understanding is that some exchanges will only sell to an LLC or compa...
Adam M Sommer
Property Managers Impact on Tax
I'm a newbie to STRs (I have LTRs) and looking to start in Branson (3 hours from home). I am debating self-managing vs using a PM, and am struggling to determine the tax impact of that decision.I know Sch E is where ...
Michael Win
Real Estate professional status and income offset
Hi Bigger Pockethttps://semiretiredmd.com/primer-real-estate-professional/
I just read this site and it appears to something very beneficial to me.
Background - I am a doctor who makes over 500K(1099) clinically and...
Joel Bowen
Understanding how depreciation counts as negative income?
Hi guys, the following quote is from this BP article: https://www.biggerpockets.com/renewsblog/2014/10/2...Could somebody please help me understand this concept by giving a real life/hypothetical situation that makes ...
Pat Desenberg
New Investors (in Iowa)
Hello BP Community, my wife and I are excited to get into investing in the Des Moines area. We are currently still in the "education" phase, and are starting to get practice looking at properties (single-family) and ...
Troy P.
RE Professional Status for Spouse
Hi all,
I believe it is common to have a situation where one spouse brings in majority of the W2 income and the other is either a stay-at-home parent, works part time, etc. and they can easily qualify as an RE profes...
Matt Smith
Need Tax professional - W2 employee with 1 LTR and 1 STR
My fiance and I bought our first STR last year and rented on AirBNB/VRBO throughout the year. We are both W2 employees so we should be pretty simple.We bought the STR as a vacation home and do go sometimes ourselves ...
William Walsh
Removing a rental property from a SD IRA
Anyone have experience with this? I'm a financial planner that generally advises against SD IRA's to hold real estate when the client can purchase directly in their own names. But I've just had a client that came to m...
Brian Egr
Thoughts on Tax Lien Sales
Does anybody purchase tax liens as investments? Here in Nebraska they pay 14%, the state handles all the paper work so you don't have to deal directly with the property owners. Foreclosure isn't until after 3 years o...