Ben Daniel
401(k) and IRAs?
I'm just getting started with life in general. I'm still in school and have never had a full-time job. My wife is in her first year as a high school teacher. We want to get started with investing.We have a goal to be ...
James Wise
Clayton Morris / Morris Invest House of Cards starting to fall.
It looks like Clayton Morris' (Morris Invest) House of Cards is finally starting to crumble. This article just came out today.https://www.indystar.com/story/news/2019/03/26/fox-and-friends-clayton-morris-investment-re...
Account Closed
Taxing a flip as a rental by leasing the unit prior to sell?
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Kelly Douglas
Capital gains confusion
First off, I know I should contact my CPA, but I'm trying educate myself on this matter so I can ask the right questions.
I will try to keep it simple.
"My share" of the deal is as follows:
I have a $1,000,000 Option...
Soumya Brijesh
Opportunity Zone V/S 1031 Exchange
Hello All, I came across Opportunity Zone topic while chatting with someone and wanted your thoughts on it. Here is my situation, I am selling a (Multifamily) property in Ohio to bring my next investment(Multifamily a...
Matthew Hicks
LLC restriction from employer, does this solution work
Hello,
I have a single LLC that I've used to flip a few houses in, but I've also started to rent out some properties (I currently have 1 SFH, and will soon have another and a duplex). They are all in the same LLC. ...
Val Csontos
IRS says: No Capital Gains Tax for You if you sell your section 8 rentals!
There is a catch of course, but that is normal when dealing with the IRS. However if you have a long time Sec 8 rental, and you wouldn't mind to sell at ZERO Cap Rate this is your lucky day!!Read the details on this ...
Yongming Huang
Why are real estate agent commissions so high in the US?
I have watched several discussions, including David Greene's video, around the recent lawsuit against NAR and RE brokerages. Learned a lot but there is one thing I just don't understand. If we look at the numbers, the...
David Lutz
The Myth of Cashflow – and understanding how to reserve properly and model.
Let me start by saying I am all in on RE. I have an MBA, spent years learning about RE before I pulled the trigger. And when I did, I bought 5 houses worth over $1M in 18 months with only $100K of my own money. So I f...
Rami Santrisi
Buy & rehab last year, sell this year, what to do for taxes?
Simple answer might be: consult CPA / get one. I'm trying to see if there's a rule of thumb of sorts.I recently rehabbed a home late last year, and spent a lot of money doing it (it exceeds my income from my normal jo...