Andrew R.
SD-IRA, to use LLC or no?
I have done research already, but hoping for a quick primer on:I want to move some of my IRA into Self-Directed and use it for rental properties. I will purchase 1 or 2 homes using non-recourse loans, and I'm shopping...
Neems Y.
Texas 4 plex MFH 2 bed/1 bath each
Hello BP. I found this deal that seems promising and I wanted to run it by someone to see if I am missing anything. Note: The numbers listed are provided by the seller and haven't been verified yet. Some numbers are e...
Walker Seid
Taxes
Lets say I rent a house out for $1200/month. My mortgage is $560. Expenses are (taxes $150, HOA $30, Ins $25) $205/month. Do I pay taxes on $1200 or just $435?
Shannon Carter
401k withdrawal to invest
Hello Bp,
I would like some feedback on this creative financing I am trying to do.
I have done 2 successful flips and also have one 1 buy and hold.
Now that I have a little skin in the game I’d like to ask my dad ...
Chris C.
1031 exchange residential land to investment property
I purchased a piece of residential land on 2021-01-27 to build on and eventually be a rental property. I'd like to sell it and purchase a built property and have that be the rental property. I will sell the land for m...
Sebastian Cifuentes
Advice Needed: Best Practices for Managing a Maui Condo & Tax Structuring
Hello everyone; I’m reaching out to the community for some guidance and would greatly appreciate any insights you could share. Here’s a bit of background:
My in-laws own a condo in Maui that a large management group ...
Chris Byers
Cash Out Refinance with Distributions
Looking for the correct/best way to account for Debt Financed Distributions from a Cash Out Refinance on a commercial property?What get's credited and what gets debited?So far we have:Credit: New LoanDebit: Cash Accou...
Luke Terry
Challenging Property Taxes in Cuyahoga County
I'm wondering if anyone's had success lowering their property taxes and if so, what were the steps they took to be successful?Property taxes can be a huge impact on your cash flow based on the city you buy in. From w...
Raj Gandhi
Shift taxable personal income to business
For purposes of reducing my personal taxable income, is it effective to run rental income & expenses through a business? I need some of the rental income for personal household expenses which would be a salary (r...
Ricky Sabogal
PM fee?? Is it a real thing?
Is it common practice for the contractor you hire to charge a “PM fee”? I’m interviewing contractors in Hampton Roads, Virginia, and one of them said their structure with other investors is they charge a 10% (of prof...