Adam Aschoff
Should I take out 401k to use in real estate?
With now being able to take out money penalty free from a 401k and where the market is currently, would taking the money out now and saving it for investing in real estate be a smarter move long term? Especially with ...
Chris C.
Conveyance Tax Question - State of CT
Our LLC will be purchasing a single family property next week for $200K in the State of CT. We have a buyer (under contract) with a target close date of June 15th (or sooner) to purchase the house for $125K. Since w...
Youngwoon Han
Purchasing a 2nd property question as a married couple
Hi Bigger Pocket community,Assuming I should consult a tax/mortgage professional, I'd like to ask y'all for knowledge a guidance here. About me: I own a 2-unit house that I have been house hacking. I have a convention...
Carson Plant
How does the new tax laws benefit real state?
Keep hearing about new tax law, but haven’t heard how it will actually benefit us. Can someone please explain it where I can understand what this all means. Tax laws for Dummies, keep it simple lol
Jarrett McAllister
How will the new Tax Bill will effect investors.
Good morning BP! I’m curious about the new tax bill that is being passed right now and how it will effect tax strategies moving forward.
I know that there are pros and cons to everything. Do any of you see this as a ...
Kari Piecuch
Will my spouses rental properties affect my mort qualification?
My spouse has two mortgages (soon to be 3 after this BRRR). I have zero mortgages. Title for two properties are in his name only. Title for the BRRR will be in both our names. We file taxes jointly.If I apply for a co...
David R.
Real Estate Professional - Accelerated Depreciation - AMT
Some background: I have a high W2 income (top tax bracket) and my wife qualifies as a Real Estate Professional.We started investing in RE this year (3 SFH) and I have been looking at the option of accelerated deprecia...
Chris Loy
Conveying townhome into a multi-member LLC
My parents own a townhome as joint tenants. However, they want to transfer it to a separate entity (likely an LLC) for protection against liabilities and to start growing their portfolio. I *believe* that the IRS does...
Alex U.
Short Term Rentals, Air BnB
There are a lot of negative headlines on the collapse of STRs. Especially the impact of vacationing if we head into a recession, as people have less discretionary income to spend on travel and travel-related expenses...
John Irvin
Thoughts on using CARES Act 401k withdrawal for rental purchase?
I tested positive for COVID a few weeks ago. Thankfully had a mild case.I was reading that if you test positive, you qualify to take up to $100k out of your 401k without the 10% penalty. If you pay back within 3 yea...