Jonathan Santana
Are high taxes a deal breaker?
Greetings BP!While researching properties I have run into some that are in great neighborhoods but come with high taxes.I am looking to buy and hold the properties, the properties have potential to cash flow but the t...
Jason Thomas
How many rental properties should be held in a single LLC?
I am trying to determine the best way to determine how many properties should belong in a single LLC? What is the proper criteria to create a second LLC? I have less than 10 properties now but plan to grow every year ...
David Gore
Tax Questions on Installment Sale of Inherited Property
My grandfather passed away two years ago. My mother inherited the home, but wants me to have the proceeds from the sale of the home.I have a potential buyer interested in a land contract.I need to determine the best w...
Jackson Wu
Timing the Market and the 1031 exhange.
There is a lot of discussion regarding a market correction within the next 2 years. What should I do if I want to sell a portion of my portfolio but want to minimize the tax burden? Normally, I would do a 1031 exchan...
Jennifer Walne
Add someone to title
My in-laws wish to add me and my husband to their title. We all live together and they wish to convey ownership to us so I can get a home improvement loan to do some much needed repairs to the house. How would I go ab...
Colin Ghira
💡 **Understanding Changes in Tax Law: Why It Matters** 💡
Tax laws are constantly evolving, and staying up-to-date is crucial for businesses and individuals alike. Here's why understanding these changes is so important:
🔍 **Avoid Costly Mistakes** – Misinterpreting or mis...
Michael G.
INSIDIOUS MOVEMENT TO #CANCEL RENTS! (NOT SUSPEND... CANCEL!)
Here is the verbiage of the current NY State bill: https://www.nysenate.gov/legislation/bills/2019/s8125
and, most offensively, HERE is the website of a movement to "CANCEL RENTS" https://www.housingjusticeforal...
Florencio Nayve
Withdraw IRA/401k or use Self-directed IRA to purchase a rental property
Hello everyone,
My wife is turning 59 1/2 yrs old soon. We're planning to buy a rental property using her IRA and old 401k and we're wondering what's the best route to take. We’re just old and confused. Is it better ...
Robert Hetrick
Cares act 401(k) distribution - definition of "ratably"
I took a Cares Act 401(k) distribution this year, and am wondering about options to split the income. I know the IRS says I can pay the tax all in the first year, or "ratably over 3 years." Right or wrong, I'm of the...
Dexter Hookes
Investing in New Jersey
I’m a new investor from Brooklyn NY and I’m looking to invest in 3-4 units in Nj I would like to know what are good cash flowing areas with low vacancy rates. any suggestions