I recently read this article by Fast Company on a new real estate startup called Rhove out of Columbus, Ohio. The quick summary is they're offering renters in their buildings a small piece of equity on the property th...
Spousal solo 401k salary deferral deposit deadlines - different than profit share deadline?I am the sole proprietor and my wife is my employee. As the sole proprietor I understand my deadlines for making my contribut...
I'm wondering, with all the tax benefits to REI, what is everyone seeing as their annual tax responsibility? I know everyone will have something different, but I'm currently a W2 employee paying high tax and am trying...
Besides making less money, what are some good ways to reduce my income tax bills? I mostly flip & wholesale, so my income is primarily taxed at short term rates. Between state & federal last year my tax bill...
Hi,I am in escrow on a property and I am a new real estate agent. I am in the highest tax bracket in california. My lender told me that I cannot use my commission towards down payment. I can only use it towards closin...
Dear Real Estate Agents/Brokers;
I am not a real estate professional.
I am from Cincinnati, Ohio, but I live in Southern California. This summer I will be selling my CA house and moving home to Cinci...
Throughout the internet, there are too many contradicting responses by CPAs on teen kid's pay for assistance in parents' rental business work. Brandon Hall Vs. Mark J Kohler to name a few. One says that W-2 is needed ...
Hi everyone,Was just hoping someone could look at the sheet below and provide me some feedback. Am I missing anything? Because it seems like it's impossible to find a good deal in my area. I am trying to find a fixer-...
I'm working on my first apartment syndication and would like to re-invest part or all of my acquisition fee into the project as more "skin in the game." Is there a way to do this without paying taxes on the reinvested...
Hello. Long-time lurker here. I'm hoping that someone here can help me.I'm trying to estimate my AGI (assuming rental income only), but am struggling to find straight answers. I have my lease agreements set up where I...