Lesa Palmer
Question about HELOC interest tax deduction
Last August we took out a HELOC on what was our main residence, to use as a down payment on a new house, which is now our main residence. We turned the first house into a rental. Under the new tax laws can the interes...
Sandro DeAngelis
No 1031 exchange! Strategies to save on Capital Gains?
Hey everyone,I am selling a property that I will be making a good chunk of change on. I will be slapped with huge capital gains.....I DO NOT WANT TO DO A 1031 Exchange but want to either;1) Put it in some sort of ed...
Richard S.
New Jersey Rent-to-Own / Lease Options
Hey everyone,I'm intrigued at the idea of offering prospective tenants/buyers my single-family homes with a lease-option or rent-to-own scenario. I don't know a lot about Dodd-Frank yet, except that it definitely appl...
Edita D.
efficient track of money in BAH: how many business accounts and which ones
Hey guys,
we are BAH (buy-and-hold) property owners that just separated our business account from personal.
To efficiently operate rentals, what business accounts would you recommend to have? Would you recommend:
-a s...
Elijah Brown
Is Tokenization a Scam?
"The real estate sector now makes up ~40% of the digital securities market, amounting to approximately $200 million, as reported by Canadian-based digital securities company, Atlas One Digital Securities.
A Recent Hi...
Ryan Holland
Opening an out of state LLC
I am interested in opening an LLC in order to build credit for future real estate investments. I've read online about the benefits of opening LLCs in Wyoming but I still have several unanswered questions. 1. If I open...
Visal Nip
In contract with a duplex
Hello everyone. Back again with another possible deal in Southern California.
I'm in contract with a Duplex. Both units have tenants.
Purchase Price: $117k.
Down: 20%
I checked out the units...
Victor Verano
Basic security deposit question for a Midterm rental
It's our first time setting up a medium term rental and bought a house with 6 bedrooms that the previous owner had been renting out as an MTR for travelling nurses (by the bedroom). We intend to continue with the same...
Greg P.
Payroll Tax - Is this right?
Hello, I have three employees including myself paying a total of $90k net yearly for all 3 of us. I'm paying approx $1,400 every 2 weeks for payroll tax and I feel like this is way too high. Could someone please let...
Martin Vilarino
Self Employment Tax
Hi BP community,Does anybody know how the self employment tax works? I know it's 15.3%, but does it apply only if you have an LLC? And what if you currently have a full time job? Thanks so much in advance!