When Investing in Tax Liens I know that doing your "Research" is key. Checking out the actual property is also vital. Once you know the property is worth moving forward on how are you able to find out if there is ...
I had planned to invest with my mother using funds from her IRA within a corporation. The goal is/was to flip houses using cash, and split the profits 50/50. After much research, it appears that I would be disqualif...
Can/Should I use 1031 Exchange when flipping houses? Any down sides? Thanks!
Didn't 1099 any of my contractors so I have no labors receipts now that it's tax time any suggestions
Hi, So I have a self directed "checkbook control" roth that currently holds 2 properties free and clear. I'm looking to change to the Roth Solo 401k. I currently use Advanta IRA and have been really happy with them. M...
Looking to find property good buys (low price) and have come across IRS tax sale auctions, just wanted to find out if anyone has ever bought property this way? Thanks.It's sourced through the fed gov't if this means a...
Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...
Hello! Let's start a list of ideas we all can do to pay less taxes! I heard someone on the podcast recently just briefly say "Learn to live on pre-tax money." And I haven't been able to get that out of my head since...
Good evening BiggerPockets members. Does anyone have a great source for what rehab items can be deducted immediately v. depreciated over 27.5 years? I understand that the major items like replacing floors, bath, kitch...
I know that the IRS frowns on running flipping businesses out of your SDIRA. How is private lending viewed by the IRS? Is there a point to where you are considered a Lending business and become subject to UBIT?