Hello, so I’ve found out that you can’t have a heloc on a rental. This my situation I have a primary residence worth about 630k and owe 360k. My investment property is worth 340k and no mortgage, generates $2200 rent....
When two different financial / tax advisors encouraged me to look at solo IRA or 401(k), I figured they both can't be wrong!I spent the weekend visiting lots of websites and reading lots of content. I'm down to three ...
I know it's vulgar to talk about money, but as of today I have $25,862.64 sitting in a 401K from and old employer. The returns are horrific. It's not much, but I'd like to put that money to better use by buying a rent...
Hello All,I own 3 short term rentals that I self manage and I Also own another business where I earn my w2 income working full time.My question is from my understanding, I cannot use my passive income expenses to offs...
Could anyone please suggest best ways to minimizing the amount of taxes you pay for properties you buy, rehab and flip for profit in a short couple of months period?
One scenario would be I use my own cash to buy and...
I'm a full-time employee with no recent self-employment income. My employer does not offer any retirement benefits and I will be in this job for several years. I already have a Roth IRA with stocks, and I know there's...
I'm looking for any recommendations for a good CPA/tax pro in the Treasure Valley. I need someone who is well versed in business taxes as they pertain to multiple LLCs and real estate, as well as a good working knowle...
hi all,I have been pouring over this site and the great info regarding this subject that is already on here. To be blunt I have generally been a financial misfit until the last couple years and now at age 42 I need t...
Good day BiggerPockets community, very excited and happy to be apart of this incredible community. I hope someone is able to answer my question, or at least provide some advice. I am currently on an H2B non-immigrant ...
Hi all, Quick question if I purchased a MF property using a hard money lender and decided to refinance to a conventional loan 6months to a year later would I need to have W2 income ? I'm ready to quit my job and inve...