When you're part time wholesaling while working a day job how do you handle your taxes? Do you set aside 35% from wholesaling then pay quarterly? Then do you change the way you file taxes on your day job? Sam Williams
I am a small business owner who has been involved with multiple syndicates in the past. But I’ve come to realize in order to maximize the tax benefits and long-term earnings. I need to start buying my own properties. ...
Basics: On a typical wholesale deal, for example someone gets their first deal done and makes a $10K assignment fee, (and doesn't do a 1031 exchange). Is there a basic tax rate that he will have to pay at tax time or ...
Good Evening everyone! I want to bounce an idea off of you all and see if my logic on this makes sense. My uncle owns a property in Iowa City, which is a great place to own real estate and a market I want to get into....
I currently have about $115k in my Roth IRA. $60,000 is contributions. If I understand this correctly, I think I could pull out $60,000 for a 10% penalty ($6000). If I pull out the whole thing I think I would get hit ...
Greetings Tax Sale Investors:
Yesterday, I received the following question:
"Which States have the most favorable laws for Tax Sale Investors?
The answer to this question is a bit complex because laws vary from s...
What do you do when you close a lease option deal in which you collect Lease Option consideration??? Legally do you have to hold it as if it was a deposit or can you use that to go find more investments and invest it?...
Good afternoon everyone,After trolling for the last 12 months on the forum I have decided to post - why? Because action doesn't occur without interaction. I have made a self-proclamation that 2017 will be the year I f...
25-30year amortorized loan. who can loan on someone in this situation. 700 credit.primary residence purchase.
Dear All,Of late, I was thinking should I convert my Solo 401K trust(Pre-tax) to Roth IRA (Post-tax : 25%) and then use that money to invest in real estate. I did some basic calculations and found that I tend to gain ...