Nestor Soto
Taxes
Can somebody explain all the tax disadvantages for a house flipper? What's the best approach for a first timer? Buy and quickly sell the property after renovations or hold it and sell it after some time to save money ...
David Farron
New To Miami - Looking for Mortgage info
Hi all!As stated in the title, I am new to to this game and looking for advice. I left my position at a company back in New York to come to Miami and get my real estate license and pursue a career in real estate.I hav...
Ryan Ford
Multi Family vs SFH Resale?
I would consider a duplex, 4 plex or other multi-family unit. However, in the chance you decided you wanted to liquidate the asset wouldn't it be much harder to move a multi unit versus a Single Family Home?I am in th...
Eric Suess
rental tax deductions carried over to other 1099 income?
Hi BP - My primary job is 1099 income from working as an independent contractor (healthcare). I have been reading about carrying over tax deductions that exceed income on a rental to other rentals or to the next year....
Horacio Gutierrez
Report as Business or Investment
Hello,If someone just flips one house in a year that got sold in 9 months it's that consider a business or investment for tax purposes? I have read that if you just flip one house a year its consider a investment not...
Michael Hallahan
"Per Diem" truck driver pay and qualifying for a mortgage.
Im an over the road truck driver, and my company offers a "per diem" pay package. In this pay plan, a significant amount of my pay is paid as non taxed income. In the images below, ive included the documents they prov...
Helen Zhang
Solo 401k integrate with social security?
Hey Guys,
I am very new to solo 401k and I wanted to get started on it. There is an option where it asks me if I wanted to integrate this solo 401k with social security. I can't seem to understand the intention of t...
David M.
Employer 401k to Solo 401K
Hello All,If you roll your employer sponsored 401K into a solo 401K, I'm assuming that any profit/cash flow must remain in the 401K as well, correct?Meaning, if my primary goal is to replace $dayjob income, then inves...
John D.
Can I create a Solo 401K with only rental income?
I rent out the in-law unit in my backyard. I also have a full time W2 job. I want to roll over my former employer's 401K into a solo 401K so I can more flexibility wrt investments. I don't want to put my rental income...
David V.
Rental Income & Social Security
Questions for you Tax Pros out there. Will the amount of social security benefits be reduced if an individual receives rental income of let's say 80K a year. Assumptions: Social security is taken before full retire...