Hi! My name is Brian Rhodes and I am seeking a Los Angeles area rehabber/flipper to partner with on a few initial projects in order to build my "flipper resume." My long term goal is to acquire 50-100 buy-and-hold SFR...
Does none know if there is n income level at which you are not allowed to take tax deductions fom RE? Ex. If you are a high income W2 employee and want to start investing in RE. How does he 86 tax law effect you? Can...
Hi everyone,
I am very new to real estate, in fact, I haven't even begun yet. I have been a BiggerPockets fan for years! I listen to the podcast and attend the weekly webinars in order to learn as much as possible.
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Greetings BP,
I wanted to share my parking "activities" within the BP community since I see this a pretty obscure topic. Overall, my goal is to JV on, and eventually partner with a GP to syndicate, a parking lot and/...
Q1: How do I report the interest passive repayment interest income from a hard money-bridge loan I made to a flipper?
Q2: How do I report the profit and expenses from the sale of a flip?
A couple of questions that may lead to others, so here goes. I have a single member LLC that owns rental property, and all of the rental income and rental expenses flow through that LLC. At tax time, that profit/los...
I would like to start a solo401k, I had someone draw up a structure. This structure would be A C-Corp holding company with two hard money lending LLCs ( passive income disregarded entity) paying the C-corp fees to ru...
I posted a rental and got a lot of responses but almost none had filled out a profile. So I responded to all with a short email saying the property was available and asked that they tell me a little about themselves ...
If I were to convert my 401k to a Self Directed IRA would it be possible to use those funds to partner with someone and If possible how would that work?
Hey Bigger Pockets,Firstly, bear w/me on the exorbitant length of my post. I've already spoken with a couple of financial consultants about self-directed 401k's, but all I get from their perspective are the specifics/...