Jeremy K.
Reserves and the APOD
Hello to all..How do you or should you incorporate reserve funds into the APOD when figuring out what a property is worth? Since technically it is not an expense (at least I believe not) but a capital investment that...
John Thedford
Solo 401K And Ubit Questions
I started doing private lending in 2012 with my Solo 401K. I has been a steady source of income into the retirement account. My CPA states this actions falls under UBIT? I have been led to believe it is not and does n...
Erica C.
High earner looking to off set tax bill with real estate
Hi! My husband and I are high earners from our day jobs this year and will have a very high tax bill. I am wondering if buying a property and renting it will help to offset or federal income tax that we will owe at t...
Stefan Shirley
Self-Directed IRA for Real Estate Investments
My wife and I each have ~$100K in our Roth IRAs and we would like to explore individually buying turn key investment properties using a self-directed IRA; however, although I've read quite a bit about this investment ...
Yael Fuerst
Where to open bank account
Hi,I am US citizen who live out of the States and I recently bought a property in PA. I want to open a US bank account for my rental income and am wondering if I can do so in FL, where I plan to visit this week, or is...
Garrett Whitlock
Business Bank Account and Credit Card
Hello BiggerPockets!I'm currently looking at properties to house hack as I start my journey into real estate investing. Because I am just starting out I want to be proactive and lay a good foundation that makes it eas...
Alfredo Coria
Tax Deductions: Second Property
Hi All. As many of you, it is that time of the year where taxes are due and I am searching for insight on how I can take deductions for a second rental property. According to my tax person, since our income was over a...
Jonathan Fraundor
Rental income on a loan
Do most banks take into account future rental income or at least 75% of it when adjusting the debt to income ratio?
Janet Behm
Last, Last Minute Tax Actions
1) Buy Supplies in Advance (to increase expenses and offset income)
How much disposable equipment do you expect to use in 2021? Order it now so the cost is deductible in 2020 if you need to offset income. Buy what yo...
David Shelby
Can my LLC act as a management company for my own properties?
I have just graduated college and am wanting to get into real estate. I purchased a duplex that I will be closing on at the end of this month and will be renting out one side while living in the other. As it stands ri...