Anand Bhaskaran
Taxes related question
Hi All - I have a general question with regards to Rental Property & Tax filings... I am a resident of California & if i purchase a rental property in IL (with rental income coming in from IL state)...
Do i ...
Victor A.
Checkbook SDIRA LLC - how are taxes handled?
I am planning to open a Checkbook Self-Directed IRA LLC through a custodian that supports these accounts. I understand that you also need to obtain an EIN for the purpose of opening a bank account in the LLC's name, ...
Matthew Schwenke
Solo 401k options for full-time W-2 employees
I'm a full-time employee with no recent self-employment income. My employer does not offer any retirement benefits and I will be in this job for several years. I already have a Roth IRA with stocks, and I know there's...
Account Closed
How to calculate capital gains taxes
Need help calculating capital gains taxes if we decide to do a straight sale vs. 1031. Need to pull out some cash and thinking we want to get out of being landlords but need some good numbers to make our decision. Hav...
Joe Palmer
SDIRA and refinancing with Non Recourse loan
Anyone have experience with doing the BRRR strategy with a Self Directed IRA? Is it possible to refinance with a non recourse loan?
Jason Thomas
Worst tax consequence of Rental Sale
Ive been trying to confirm the tax consequence of selling my rental unit and am so far astounded at the negative tax implications ive found. I purchased this unit in 2001 for $400k and converted it to a rental in 200...
Shiloh Lundahl
I LOVE Debt!
I hear a lot of people who hate debt. But I love to use debt to build wealth! I view debt the same as I view a fire. Fire can burn down your house, but it can also heat your water, cook your food, heat your home, and...
Randy Dickerhoff
Loan approval question
Ok so I have been taking steps to move forward into REI. I was told yesterday by a lender that we would have issues being approved for a loan mainly for this reason. I own a business, we make great money through this ...
Bryant Fong
Schedule K1 state income taxes in no-income-tax states
I know that I will have to file state income taxes due to the various K1's on RE equity deals. But, some of these investments are in states without individual income taxes. I am investing as an individual investor a...
Jeff White
Leveraging SDIRA property
While still relatively new to BP, I have begun taking steps to grow our real estate portfolio. My current project is to use my SDIRA to purchase a turnkey property. In preparation, I've made contact with both a non-...