Jake K.
Wholesaling Fee Income- What Tax do you need to pay?
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 ...
Aaron Hartman
Medical Doctor and Business Owner
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. ...
Dalton Willett
Question about assuming a loan
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....
David Bittorf
Is it smart to draw early from Roth IRA to invest in real estate?
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 ...
G.D. Haizlip
The Most Favorable States for Tax Sale Property Investors
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...
Aaron Junck
L/O question
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?...
Jason Crowe
first time home buyer 1099 1 year tax return
25-30year amortorized loan. who can loan on someone in this situation. 700 credit.primary residence purchase.
Steven Johnson
Hello to Bigger Pockets and Goodbye to the Rat Race!
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...
Rad Kunnath
Investing with After-tax or Pre-Tax Dollars ?
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 ...
Tanya Jayakom
LLC vs LLC treated as S-Corp
Hi Everyone!My name is Tanya and I'm a newbie in RE Market. I'm planning on setting up an LLC for my wholesaling/flipping/creative financing business. I've read some Guru's books talking about LLC treated as S-Corp. A...