Nicholas Ramirez
Buy & Hold / House Hack
Investment Info:
Condo buy & hold investment in Phillips Ranch.
Purchase price: $380,000
Cash invested: $19,648
Sale price: $485,000
Not really a portfolio investment as it currently my perso...
Lucas Amuchastegui
how does "pass through" income work in a partnership LLC?
Hey BP,
These will likely be silly questions but I'm a noobie having a little trouble finding answers online. we plan on hiring a CPA, but I'd love to understand some of the basics. My brother and I are 50-50 owners ...
Jared Smith
Know your Taxes in Arizona!
BP Community,I love the fact that everyone here on BP knows that it's not about just making more money/cashflow/appreciation, but saving/cutting costs/increasing efficiencies really help your bottom line. It also help...
Landon B.
LLC taxation if income not collected
Quick general question- If my LLC (s-corp) had profits last year from real estate sales, but I did not collect on any of those profits (ie what was earned stayed within the company account) do the LLC members still pa...
Luz Pagan
My journey in Real Estate and the Untold truth about the business
Hello everyone,So if you go to my main page your will see that I invested in 3 properties the same year. This situation started in 2018 and I was all over the place. Then my husband wanted to buy a gas station and ma...
Andrew S.
Individual 401k contributions / deduction
Happy Monday everyone,I was listening to the BP money podcast and learned about the individual or solo 401k option. I have a W2 job with a 401k plan and rentals as my side business. I contribute ~$15k and my company...
Demetrius Morros
Getting money out of a C corp and avoiding double taxation
I am an investor who is in a higher tax bracket. I am working with a tax attorney who is advising me to form a C corp. I can do my flips and wholesales through the C corp and lower my effective tax rate. I know ...
Candice P Novak
How to partner correctly
I have a question about partnerships. I am ready to go into a partnership for my second investment property (first was on my own) and am writing up a proposal. This will be a multi-unit rental investment deal.
I'd li...
Karl Kauper
When Can RE losses not be taken against ordinary W2 income?
My accountant stated, “The losses incurred on the rental properties cannot be taken and will be carried forward as your income exceeds $150k, thus no losses can be taken against your ordinary W2 income.”I was really s...
Benjamin Sulka
Credit Card Recommendations
Hey BP family, I'm looking to open 1 or 2 more credit cards to build my credit. I have no issues making payments and I want to build my credit faster to get more $$ to finance real estate. I currently have the Discov...