Sophie Wang
New to flipping business
Hi, I am doing Design-Build projects for clients and interested in flipping homes so I don't need to find new clients and give me more time flexibilities. I have around $400,000 to start the first investment and don't...
Christopher Oliver
capital gain tax
How many investors have gotten hit with capital gain tax. And do you get thatt charge done when you sell and include that number when finding out how much flipping would cost you?
Lance Anderson
Bank sees Carryover losses seen as liability in refinancing
Currently have 3 rentals carrying legit losses on my tax return for a number of years now. I understand that this will be useful when I sell, in order to reduce my capital gains tax. It also reduces my AGI from my 9-5...
Account Closed
Question about my taxes with my rental property.
Good day BP.
I’ve got a question about how my accountant does my taxes in regards to my rental.
So I rent a SFH to my mother in law for $1,200/month (which is about what the mortgage payment is). Fair market value w...
Antonio Williams
Using 401K for property
I would like to withdrawal some money (~10k) from my 401k to help my mother purchase a property; is anyone familiar with this process? If you withdrawal money from your 401k are there penalties and/or taxes to pay? I ...
Robert Gunther
Foreign company buying USA properties
I'm in the thinking/planning/structure phase of an idea.I've got a company located outside the USA that has some money, would like to use that money to purchase property (ideally commercial 5+ unit residential buildin...
Alex Bejenaru
Converting previous employer 401k to SDIRA or soloK
Hi Everyone,I currently have a 401k through my previous employer with about $65k and would like to put it to use in my house flipping business. Is it possible to self direct those funds towards my business in anyway? ...
Jim K.
The Christmas Duplex: First Discussion
In the past few weeks, I have repeatedly stated that I would like to dissect my latest deal and all the odd particulars about it here on Bigger Pockets, both to show others how the sausage actually gets made but also ...
John Smith
Down (3.5% v. 10%) PMI, Liquidity, Gains, Taxes, Projections
Have been reading forums & listening to podcast for over a year. Focused on cash flow & so on multi-families in part because of Bigger Pockets. Bought our 1st property last spring ($94,000 3-unit, using conven...
Gayle Eisner
Questions about hiring a CPA
Greetings:
I am a small timer but I own three rental properties. Currently, I have a CPA that I have been using a few years. I am not an expert in this area, but it seems that I am the one that has to point out to ...