Michael King
Stimulus Check / Economic Impact Payment
I just received an EIP visa card with a lot more money than I think I'm entitled to. Our combined earnings in my household was a very healthy 6 figures last year; I thought the stimulus money was for those whose incom...
Griffin Doninger
Seller Funded Down Payment for Investment Property Loan
Looking for insight on how to reduce the out of pocket cost for an income property loan. My initial thought was a seller funded down payment, but I am not sure if that is permitted for an income property loan.
Any ...
Angie Provo
Advice on Multiple LLCs for tax strategy?
I recently attended a seminar where the speaker was talking about the various real estate businesses he owns so that he can move expenses around, thus reducing taxable income dramatically. So for example, one business...
Andrew Gingerich
529 Tax deduction to offset rental income in MI for out of state
Hi there, I am seriously considering buying an investment property in Michigan north east of Detroit. I am wondering if I put the cash flow from the investment property into my children's MESP 529 account can I reduce...
Tony Marcelle
Where do you find LEGIT partners to fund capital?
There are way too many scam artists out there claiming to be legit people to fund money for real estate investing. I do not have family and friends to rely on to get capital I need for real estate investing. I hear ma...
Chad C.
When would long term gains be taxed as self employment income?
I currently work full time, and I have 10 properties that I have installment sales on, and they will be taxed using long term gains. I got the impression from my CPA that if I was to reduce my employed hours enough(or...
Jay Amin
Tax question re: passive investor in a real estate syndication
I'm very new to real estate investing, but have a few questions about the tax benefits of becoming a passive investor in a real estate syndication investing in multifamily residential properties. According to section...
N/A N/A
Low-Cost Options for Federal Tax Savings on Small Properties
Hello,
I received a mail (spam?) from [company name] titled, "New Low-Cost Options for Federal Tax Savings on Small Properties."
"Real estate investors who own property with an improvement basis as low as $500,000 c...
Scott Trench
Cryptocurrency Taxes Example - Double Whammy?
I have a question about cryptocurrency and tax implications.
Suppose I am paid $10,000 for a job or service I perform and receive the amount in Bitcoin.
I understand that I need to treat the $10,000 in bitcoin as ...
Cecil Little Jr
Best lenders for self employed
Hello BP Family,I am new to real estate investing and I am looking to purchase a 3 or 4-unit apartment building. Only issue is I'm self employed. Does anyone have any recommendations for lenders that are friendly to t...