Clay Ickes
Brand New in Boulder, CO
Hey Everyone,A 3-hour conversation on a plane ride totally blew out my idea of what's possible, led me to the bigger pockets podcast, and ultimately landed me here to this site. I'm brand new to all of this and just t...
Alex Yakubovich
Backdoor Roth IRA and Pro-rata Rule
Hello everyone!Could you please help with my situation? I want to do a Backdoor Roth but I have pre-tax money on my trad IRA and I don't understand whether the pro-rata rule could be avoided if I do the following:1) A...
Brian Tietje
Supreme Court End Moratorium
This hot my mail today. Hopefully, this ignites activity in lagging programs such as NY's ERAP Program. I am skeptical the state was holdiing the $ and dragging its feet in releasing funds to landlords because no evic...
Kathryn Dunnivant
Opportunity Zone Fund
Hi Everyone,I am closing on my first rental duplex in mid-December located in an opportunity zone. I do not yet have an LLC set up for this property and it will be owned by my husband and me at first. We were planning...
Michael Gao
dealer status in flipping?
Hi, BP fellows,
I started to venture into the flipping world this year and has been successful at my first deal in summer. Now I am doing my second. Unfortunately, I bought both of these properties under my personal ...
Troy P.
What are the drawbacks of a K-1?
I was reading comments about some crowdfunding site. Someone said they weren't attracted to a particular investment because it was a K-1 instead of a 1099. I was a little confused since a K-1 allows you to claim pap...
Mike Downey
Where do I start with creating an LLC?
Hello,
I am closing on a home in Panama City Beach, Fl. I have 2 partners that are putting in money toward all the expenses involved in purchase and startup of this property as a short-term rental. All 3 of us live o...
Sanjay Gupta
TurboTax Home and Business
I flipped property in 2017. We had two partners and used our personal name when buying. At time of buying, we did not have LLC setup.later on we have LLC and LLC taxes are taken care by CPA.How do we report sale of pr...
Keith A.
Any issue refinancing more than one property at the same time
Are there issues doing more than one refinance at a time on SFH's or is it best to wait until one is finished before working on the next?
Mindy Perry
property management software and 1099 K
Hi everyone, just wondering what your experiences are on receiving 1099k form from using a property management software to receive online rent payment. I am thinking to switch to online rent collection from receiving ...