Justin Provo
Tax Lien Income Classification
I am interested in investing in tax liens and I'm curious how the revenue from tax liens is reported to the IRS. Are there any IRS documents associated with purchasing tax liens (even if they are redeemed before forec...
Amby Bhagtani
Offset W2 with depreciation
For people who are on a W2 what would be the best way to negate W2 income (including stocks?)? Is this possible with long term multi family real estate?
Suzanna Lam
Solo 401k and S election
I just recently open a solo 401k for my business (single member LLC with me and my hubby being the members) with me being the trustee. So I am in control of my checkbook. So far so good.
My understanding is that ...
Roman Rytov
Strategy, ROI, Buy-n-hold, exit, etc.
I'm hearing that nothing is more advantageous from the tax standpoint than real-estate also one never wants to part with good properties but use it as a cash cow. Help me connect the dots.Let's use a portfolio of 10 S...
Jeni L.
taxes on new partnership for wholesaling
I'm setting up a new partnership for the purpose of wholesaling. I want to make sure I'm structuring the business effectively for tax purposes.New Wholesale Business:located in GA (LLCs are easy)2 person partnershipa...
Rick D.
how EXACTLY does a Solo 401k differ from a self-directed IRA?
Does anyone know where I can find a definitive guide on self-directed IRAs vs Solo 401ks. I mean something that goes beyond the superficial and tells me step-by-step EXACTLY what they are and EXACTLY how they differ ...
Vincent Smyth
First property with low income
I am looking to get into real estate investing in order to build cash flow month to month and wealth over time. I have about 30k to start, however this money I have saved up over several years from work and investment...
Dennis Soto
Should I star an LLC or S-Corp for a House-Flipping Business?
Hello all,I recently lost my day-job due to COVID-19, and I'm considering going full-time investor in. My strategy is to start a house-flipping business in New Jersey to gain capital and once the house market settles ...
Jesse Kindra
Self Directed IRA or Solo 401k
Hi BP Community,I could use some advise on options available for retirement accounts from past employers. I do have a few accounts available and I think it's fairly easy to rollover into a Self Directed IRA using a cu...
AJ Smith
Solo 401k Eligibility
I have done some searching on solo 401k eligibility, I have a couple main questions. For context, i own several small multifamily units that i self manage without employees and am interested in tapping into the tax in...