Pat McQuillan
How to max out write offs for out-of-state investment property
Hi Everyone,I'm based in CA and will be buying an investment property in MA/NH/RI in the next 6 months. I will not be using an LLC and so will pay landlord insurance and be able to make deductions directly from my per...
Richard Nguyen
Experiences with SDIRA
Hi all,I'm looking to learn about your experience using a self directed IRA if you would be willing to share. I am looking at an investment opportunity and have found a self directed IRA custodian in my area. Their fe...
Kevin S.
Buy Real Estate with Pre-tax (401K/SIDRA), Roth IRA or after tax dollars?
Hi members,I recently met my CFP and he concluded that after all these years of accumulation in 401k it's time to take steps to minimize taxes and reduce/eliminate RMD. As expected, he recommends Roth conversion and ...
Shannon Gauthier
Pet Fee/Emotional Support Animals- Illinois
We have had the same tenant in one of our units since 2015. It is now time for lease renewal and she doesn't want to pay the pet fee for her new lease term because she claims her dog is an emotional support animal. Sh...
Brian Carmichael
Sell all real estate in IRA account
Why don’t I purchase a house under my LLC then overtime sell it to my personal retirement IRA at a discounted rate. Or if that’s not allowed sell it to a friend who will then sell it to my personal IRA at a discounted...
Calum Bressington
Has Anyone converted a multimember llc to a sole member llc?
Wondering if anyone has converted their multimember LLC down to a sole member LLC and what the process is, all I have found on it is to fill out form 8832. Also, I won't do any buisness this year through my LLC so wi...
Jason Lee
Create LLC before first rental?
Should I make an LLC before I purchase my first rental property? If so, which state is best to keep my name anonymous? I know some states are better than others for this. I am living in California and plan to invest o...
Daniel Madhavapallil
House Hacking and Tax Strategies
Hi! My family and I are about to move in to a house hack! It is a 4-Unit property where we are living in one unit and renting out the other three. We were able to get into it with a 5% down primary residence loan. I’v...
Edgar Duarte
should I sell NOW to avoid taxes or hold it for appreciation?
hi allI would love to get some perspective from your expertise, we have a property that we would have to sell in 2025 to avoid paying taxes on the capital gains, we believe we can sell it for $700K and get an equity o...
James Boreno
Do I have to pay Capital Gains?
Hello BP Fam,One of my SFH caught on fire and I'm in the process of selling it to a contractor. Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fir...