Casidy Marks
Tax Question from my Private Money Lender
So I have a family member who is willing to finance my deals but we have run into a hurdle. The family member thinks that if he pulls say $150,000 out of his stock portfolio for a loan that he would be taxed 22% on th...
Michael Plaks
Beware: offshore tax preparation outsourcing
This discussion started today in a Facebook group for tax professionals. According to the thread, this risky practice is getting more and more common among some tax firms looking to cut costs.I realize that people hav...
Anthony Howell
Best Deal vs. Worst Deal
I thought it would be fun to hear some of your guys' best deals and worst deals. I'm just starting out so I am trying to learn as much as possible. In my research I have learned that a borrowers biggest motivator to c...
Mayar Ghaly
Will transferring primary residence to LLC affect taxes??
I'm new to real estate investing and new to the United States and how taxes are filed here. My dad, a US citizen who lived all his life abroad, sent some cash from my home country to be invested in the US. Spouse and ...
Anthony Conte
Security Deposit and Pro-Rated Rent
hello all,Bought a MF in 2014 and now I am filling out the tax forms!On the HUD-1 settlement form, I received a credit on the purchase of the MF for the security deposits and the rent collected from the beginning of t...
Dee M.
Investment monies
I know there are some incredibly experienced and smart people on here, so I am hoping I can get some help with this question in which my contractor who does fix and flips also, STRONGLY disagrees with me. He has some...
Gonzalo Cabrera
OK to setup a Corp/LLC to manage rental property that I own perso
Is it OK to setup a Corp/LLC to manage rental property that I own personally? I use this LLC to manage expenses and for tax purposes. I currently have an LLC S corp to manage various residential rental properties t...
Harman N.
Are rents, deposits, taxes credited or debited to the buyer?
Hi all,When buying a rental property, are the rents, security deposits, and taxes credited or debited to the buyer? I just bought two rental properties this month, and the close was handled differently:In one case, I ...
Kairaba Burson
capital gains tax!!
im new and learning the ropes. i see a lot of people rehabbing and prefer it. are they getting hit with capital gains taxes or is there a way to lesson the impact of them? in a 15% bracket do you just get use to ex: 2...
Wesley Mullen
Reducing 401k contributions
As soon as I started my Corporate job, I was told like many others to max out my 401k contributions to take advantage of my Employer match (100% first 3%, 50% next 2%). So I've been contributing 5% the last 5 years. B...