Emmy Timberlake
Best place to put money for saving for a house?
I am a few years away from buying my first house, and am wondering where to save up for that. Currently, I invest through Betterment with a general investing plan and a Roth IRA, and I also contribute to my employers ...
Tinia James
Made no profit this year should I still file taxes?
I started dabbling in wholesaling a few months ago,I do not have an LLC. I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “.
Chris Clarkson
Selling business/building and want to reinvest into real estate
I’m closing on the sale of my business and building in the next few weeks. l plan to use that money to start investing in real estate. I’m particularly interested in small multi family and/or medium term rentals. I’...
Michael Plaks
Tax reform Q&A Thread 1 - Pass-through and 20% deduction
Colleagues and friends, The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of pass-through entities (Sch C / Sch E s...
Jonathan Partsch
New owner from California (but property is in Ohio)
Hello,My father recently passed away and I inherited his house in Ohio, but I am in California. I work full time and this is the very first property I have ever owned. I am intending to convert the house to a rental a...
Shawn Root
Can someone check my math?
I was trying to run some numbers through a spreadsheet to see what the effects wereof cashing out a 401k to invest in vs. leaving it in a self-directed IRA/401k.Assumptions:1. Starting value of 300k in 401k2. Lose a t...
Iryna D.
LLC business account for Canadians
Good day Biggerpockets community!We are investors from Canada and just starting out in US market as well. We have registered an LLC in US, and I am looking to open a business account for it (we have an account for per...
Adam Graziano
I'm a newbie, how do I get started on the financial side??
Hi everyone,
i am looking to get into the STR market by purchasing my first property in Virginia this winter.
On the finance side, I assume I will need to start an LLC. How will that effect the purchasing process? ...
Stuart M.
Pub 527 says don't include certain closing costs in basis?
In publication 527 it says:"The following are settlement fees and closing costs you can’t include in your basis in the property.
Fire insurance premiums.Rent or other charges relating to occupancy of the property b...
Gary Alford
Seller afraid of capital gains
Whats up BP fam,I just got off the phone with a owner of a house I found while driving for dollars. She says she wants to sell but she is afraid of paying capital gains taxes because she was killed by them when sellin...