Doug Kolb
Real estate deductions inside solo 401k or self directed IRA
Hello. I'm looking for some direction regarding specific real-estate deductions while working inside a solo 401k or self directed IRA LLC and working with a rehab on a buy and hold piece of property. I plan on speaki...
Jason Phillips
repairs
hello all . i think this is a tax question . i can do 99% of all my own repairs but my labor is not deductible on taxes . so i want to hire out for repairs up to the point were it starts costing me income. does anyon...
Greg O'Brien
PPP Forgiven Funds are NOT Deductible
IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes. In essence, the forgiven funds are taxable, in direct conflict with the Cares Act. Congr...
John Gach
New business Owner, getting a loan for rental propertys
So I finally completed my first year of being in business, I tired to lower my taxable income as much as I could being a business owner. Now I want to invest in real estate/rental propertys (doubles).I look on paper ...
Peter Halliday
Fair market valuation for IRA LLC containing notes
I read that the Fair Market Value for the IRA LLC is basically a combination of theFfair Market Value of the assets. Notes I read are valued based on the UPB and unpaid interest. I wanted to check if that’s how most...
Andrew Noway
Taxes, oh taxes (non-resident)
Hello All,Since 2014, I've slowly started moving some of my investments over to real estate crowdfunding sites. So far, I've invested 200K between Patch of Land, Realty Shares, Realty Mogul (not a fan), ifunding (not ...
Patrick Hall
Self Directed 401K Taxation of Rental Income
I am looking for some initial advice (prior to hearing from my CPA) concerning the use of a self directed 401k to purchase and operated a multifamily real estate unit. My primary question is one of "business" or "com...
Damian Baynes
Bank loan with self-directed IRA
Hello all,I have a question about self-directed IRA's. I'm not looking to do this anytime soon but have just been doing research on it. My question is if I have enough in my IRA for a 20-25% down payment will the bank...
Haseeb Awan
Paying off mortgage quickly vs cash flow for salaried people ?
Hello, While majority of the people on BP are always championing cash flow, I beg to differ the strategy while thinking long term. I am curious on what other people think of it. Currently I am taxed at 35% of my incom...
Frank C.
newbie LLC and asset protection questions
I plan to buy my first rental property in a few months. I have money saved up. I have met with several bankers. I am learning to analyze deals. I am about to contact a real estate lawyer to set up an LLC and obtain...