Account Closed
Do you issue 1099 to whosalers and RE agents?
Hello everyone, I have a basic tax question. If a investor/person wholesale me a property, do I need to issue him/her a 1099 for tax purpose?
I am a person who does everything by the book and I definitely want to en...
Agustin Rossi
IRS rules: avoiding taxes on up to 500k profit
Can someone please explain the IRS rule that allows homeowners to avoid paying taxes on up to 500k in profit from selling their primary residence? Like what is the specific criteria that this deal and property has to ...
Matt M.
If I live-in my triplex, do I have to pay taxes on rental income earned?
To my understanding, actually living in the premises, especially being a 3-home or less, will put you into a different mortgage bracket, tax bracket, etc...
Do I need to claim my rental incomes and then pay taxes on ...
Ashley James
Do you pay self employment tax on your LTR if you have a property management company?
Simple question for you tax gurus! Do you pay SET on your LTR if you have a property management company?
Account Closed
I am not self-employed but want a Self-Directed 401(k) - ??
I am interested in transferring my 401(k) from my previous company into a Self-Directed 401(k) - NOT a Self-Directed IRA - for the purpose of investing in cash flowing rental properties. However, I don not have a busi...
Scott Smith
Legally taking property for no money:creating title by mere possession
Adverse Possession Under Texas LawJust because a property has a defective chain of title doesn’t mean you should rule it out right away. Adverse possession can clear title by merely occupying it for enough time. As an...
Phil Sabella
How to pyramid up to bigger real estate
Hi Everyone! I am actively searching for my first multi family property here in the suburban Philadelphia, PA area. I am 24 and new to the investment game. What I would like to do is to get FHA and live in one of the...
Steven Chen
Made 800k in stocks in 2020; real estate strategies to lower tax?
The 800k have all been cashed out from stocks and are all short term gains. Should I buy several multi family houses in this economy that might experience a recession, and cost segregate it to lower my taxes? Or shoul...
Jason Sperling
Cash out 401k/IRA or mutual funds/stocks to make first purchase
New REI. Trying to decide whether I should cash out my 401k and IRA or my mutual funds and stocks to get the down for my first rental property. I have about the same $$ in each, and both seem to be performing about th...
Markia Dunn
Get the LLC first? Or look for a seller first?
I’m unsure if I should get the LLC first or find a seller first. I believe the reason I’m stuck is because I feel once I get the LLC I won’t find a buyer. Or if I find the buyer first then I’ll have to rush to get the...