Craig Lessler
Self-Directed 457B Plan at Charles Schwab
I have a current 457B plan which I am permitted to self-direct through a brokerage account at Charles Schwab. However, I cannot roll it over to a self-directed IRA while I am still a State employee.I have already tak...
Tom Wheelwright
How Should Your LLC Be Taxed?
The Limited Liability Company (LLC) is a terrific tax entity. The number one reason is its flexibility. Specifically, an LLC can be taxed as:
- a sole proprietorship
- a partnership
- a C corporation
- an S corporati...
David Mathews
Hurricanes+Recoverable Depreciation = A Possible Creative Offer?
Hello BP world. I am writing from storm stricken Lake Charles, LA. Within a short period of time our city endured two back to back hurricanes, a freakish flood, and an unprecedented freeze that has unfortunately left...
Farah A.
Homstead Exemption in Houston…
Hello, thought I’d come to this forum for some input/advice. I am due to close on a property that I plan to house hack tomorrow in Houston, TX by the Medical Center. My lender just hit me with a last minute update t...
Bridget Grant
Help, I think I made a big mistake with tax sale properties
I am hoping someone can help. I am new to tax sale investing. I am afraid I made a great mistake. I recently bought 2 properties. One is a house, the other is a piece of land that has a condemned trailer on it. (I bou...
Roberto Verdaguer
Specific Tax Deed Questions for GA Investor
Hello there, My name is Rob and I am new to BP. I joined because I have been lurking on here for a bit and learning as much as I possibly can about Tax Lien and Tax Deed investing. I am most likely going to pull the ...
Stephen Rager
Education starting out on the tax side
Just starting out, I've purchased two properties, putting them into place as rental properties. I'm looking for resources to maximize our tax deductions. I also have a small business as well, but this is different. ...
Andrew Zannotti
Identifying properties before they go into foreclosure
Hello everyone!First, I wanted to say thanks to everyone on here because I've learned so much from these forums over the last 2 years.
Recently I started working towards going directly to seller because MLS prices in...
Burke Ericson
Repairs prior to 1031
I am getting ready to help my mom sell and then 1031 a property in LA. The current tenants have really destroyed the house and the landscaping, and it really needs work to get it back into good shape. The issue we hav...
John Jung
Capital Gains Exclusion on Jointly Owned Home: Clarification Needed
Hello Bigger Pockets community,
I'm currently in the early stages of purchasing a property with a partner, and I have some questions about the potential tax implications if we decide to sell within five years. Here's...