Melanie Baldridge
My opinion: 401K VS RE
Why I like investing in real estate more than 401(k)s.
Both offer tax deferrals, but here's the difference:
If you're making pre-tax contributions to your 401(k), then withdrawals = ordinary income tax.
With real e...
Ben Skove
S-Corporation Compensation vs. Flow-Through Income
After meeting with my CPA today, and going through a number of back posts from the BP forums, I'm interested in hearing more about how the IRS oversees the balance between S-Corporation compensation versus flow-throug...
Jonathan Santiago
Tax Question: Capital Gains or Ordinary Income?
I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...
Brian Klingbail
Ordinary business income vs. long term cap gain on K1
Hello All,I just got back my K1 from the accountant on a property that I purchased in 3/2013, rented out and then sold in 6/2014. The K1 has all of the profit listed on line 1 as ordinary business income and does not...
Yas Tahir
Is passive rental income subject to Self Employment Tax
I am a passive real estate investor (no full time job) and own a few rental properties tru my LLCs. I just noticed that I pay Self Employment Tax on the total amount of net income? My return is prepared by my CPA. Is ...
Brandon McCadney
Tips on Wholesale Letter to Seller
Hey everyone! My name is Brandon and I'm very new to the real estate field. I'm starting out in wholesaling with the hopes of scaling from this and doing even more in real estate.I would love to have some feedback on ...
Randy Smith
Long disrance rental in VA
HelloI’m interested in buying a property to rent in either Norfolk or Virginia Beach. This will be a long distance rental, so I have some concerns with managing it. Are there any other issues out of the ordinary I sho...
Tom Wagner
Rehabbed a foreclosure. What now?
I recently purchased a foreclosure. This house was late 2017 new construction and sold as just the shell. The house is almost finished and I planned to live in it but we all know things come up and life happens. I may...
Will S.
Can flipped properties be 1031 exchanged?
If I flip a property can I put of paying capital gains by doing a 1031 exchange and buying a new property to flip within 45 days? Secondly, if I do this for two years will I be taxed at the long term capital gains rat...
William C.
Cost seg depreciation recapture model
Can anyone quickly share a math model of a the depreciation recapture scenario below? Thanks in advance for considering.
Purchased a home for $700k
Completed $25k in renovations
Completed a cost seg study (80% bonu...