David B.
Income tax threshold
Ky resident.Question about income taxes that will be filed march 2019.Specifically how much to make losing child tax credit vs 22% tax instead of 25% for the next few years. Including new standard deduct 24k vs 12k.Tr...
Travis Brizendine
Seller financing discount points, taxable income, or deduction
We are under contract on a property. We have 60 thousand dollars in a 1031. The seller is willing to charge us 30k in points to seller finance the deal. However, we would like 25k back after closing for repairs etc. Q...
Evan Bonnell
Cashing out 401k due to COVID-19 $100,000 PENALTY FREE
Anyone else considering doing this? Is this a crazy plan?My plan:
My wife and I lost daycare so we're splitting time off to take care of our children.
We have significant cash reserves and 75% equity in current RE ...
William Costello
Why people prefer going the syndication route in real estate
The main reason why investors prefer real estate syndication is access and time to deal flow. Not everyone has time to search for deals and underwrite hundreds of properties to find the perfect property. Instead they ...
Will Sifert
If you are to buying tax liens and need help getting started....
Don't pay $$$'s on some generic national class. If you follow the following information you will be 1000x better off and still have all of that money left to spend on actually buying tax liens. This is not get rich qu...
Nic Haacker
Tax Lien Certificates
Hello,
I recently went to a rich dad poor dad conference and learned about tax lien certificates. Has anyone on here made a living buying certificates?
Nic
Sheba Shimoji
How does Self-Directed IRA work?
Hello,
I recently came across at an article about self-directed IRA. I was wondering whether or not I can rollover my traditional IRA money to the self-directed IRA, so that I can use this money to invest in real est...
Michael Garrett
401K - Should it stay or should it go now... ?
Evening, Fellow BP'ers:First let me start by admitting that I recently listened to the most recent podcast with Kyosaki's CPA followed by Kyosaki's episode 500. Where basically in the first 10 minutes he poo poos on ...
Debbie Berg
building more vacation cabins as a tax shelter?
Let's say someone had gotten a chunk of money, this year, and wanted to invest it to avoid as much tax as possible. Here's my idea, maybe someone can tell me if or why it is flawed... yep, I'm a newbie. I'll admit t...
Carlo D.
How to set aside Reserves
Hello Folks!Got a newbie question. I recently closed on my first rental apartment here in NY. The seller is renting it back from me for the first year at least. My question is do you have a separate account where you...