I am looking at taking out a 401k loan to give me enough money to put the money down and fund the needed rehab on an off-market property.  The 401k loan max is $50,000, paid over 5 years, which is the amount I would p...

Hello BP,I am in need of any advice that can be given regarding spending less money from my proceeds to the IRS. I have a double closing scheduled just before the new year. I would rather not see my profits taken so I...

I understand the basic concept of investing in note vs. rental properties - no headache with Tenent/Toilet etc while rental properties come with potential appreciation (house value, rent) and tax reduction. 1. For Not...

I have a friend that recently received an insurance settlement that far exceeds the cost to repair the damage from a small fire at one of their rental properties. They made the repairs and now are left with a hefty wi...

Hi all,I am a fairly new investor with 1 long term rental property.  Last year was the first full year it was rented. The property is paid off so I do not have a mortgage on it. Even with some repairs, I was not able ...

Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...

My LLC , basically my husband and myself, have been successfully flipping for a couple years using hard money. We have a property for sale now that we’d like to move into because we are renting where we live now and t...

My question is regarding reinvesting profits back into additional property acquisition. If the money stays in the LLC does it still get reported as income that I will need to claim on my personal income tax? Sorry ...

Hello all!
First tax season with my rental property and my CPA is asking me if I want to claim the depreciation on the rental or not. I know if I do I'll get more money back now, but then I'll have to pay the taxes o...

Let's say a seller is going to be taxed on 100K capital gains.Would it be advantageous for them to accept a lower price (40K lower)and carry the note? Say over 20 years they would make an additional 130K on principal/...