Taylor Green
Thoughts on cash reserves - HELOC acceptable?
Hi,
I have a question on cash reserves for a property. I am going to try and save 5-10% of my projected cash flow every month to put in reserve, as well as anything above my projected cash flow each month. My...
Jason Mead
Avoiding the tax penalty
Hello everyone! I was sitting here wondering what’s the best way to do this. I’ve just completed my flip house and am walking away with a decent profit approximately $50,000. My question is what’s the best way to take...
David Hite
Taxes on Interest, any benefit to buying late stage notes?
Good afternoon everyone! So in my self-education on notes, of course learning about that the interest portion of payments are taxes as normal income (assuming no self-directed IRA situation). Is there any strategy t...
Rick Martin
Reaching Your Financial Independence in Buckets
If you pegged your monthly freedom number at say $10k/month or $120k/year (the amount that covers all your bills, and little extra), it can seem daunting or nearly impossible to achieve that investment by investment
...
Jacob Holler
What would you do?
Hey All - I have a property in Charlotte NC I purchased a little less than 2 years ago. The remaining balance is a bit under 140k and now homes smaller or around the same size are selling on the same street for 250k...
Pat Bruton
How are LLCs taxed?
I am leasing a property that is in my name to an LLC who will then be subleasing the property out as a furnished short-term rental. I know that landlords don't pay self employment taxes, anyone know if an LLC that sub...
Antonio Wade
How To Analyze A Carwash
BiggerPockets,I am new to investing on commercial properties. I came across a self serve car wash for sale. If anyone could provide insight on how to evaluate or analyze the property that would be very helpful. Thanks.
Vanessa Jauregui
Fix + Flip LLC Manager / Member Salary Structure
Hi all. I am forming a manager-managed LLC taxed as an S-Corp for fix and flips with myself as the manager. My family member and I will be investing together in the properties and they will share part of the profit....
Nathan Gesner
Trump tax returns released -what do they show?
NO POLITICAL STATEMENTS!President Trump's tax returns were subpoenad and then released to the public. What do they show? According to the LA Times, Trump is a "real big loser" because his properties all show losses an...
Sandra Regnell
Solo 401k Advice Requested
Hi I am setting up an LLC and transitioning over from W2 employment. I have a company 401k and an IRA. I set up a Merrill Edge 401k which looks to be really expensive and not what I need. I set up a ubiquity solok but...