If I'm already in the 20-24% tax bracket, what would be the best way to grow 100k-300k while minimizing the tax burden (while keeping it somewhat liquid)? I thought about putting it in the market, and hold it long-te...
There is a lot of focus on inflation, rising home prices and rising inflation. But will it be rising property taxes what will lead to a real estate sell-off and potential real estate recession? Based on latest tax ass...
This is more of an Accounting question but the REI aspect of it does warrant discussion IMHO. I have a sizeable 401(k) that I would like to take a distribution on so that I can use it as after tax dollars in order to ...
I have a family member in her early 20s who is about to receive $500k from a settlement. She asked me to initially serve as executor over the account to help protect the money from being squandered.I’m not a CPA or f...
Our daughter and her husband would like to buy one of our rental properties. We plan to sell it to her for near market value (will only be giving her a discount on price for not having to pay realtor fees), but will ...
Hello BP,I am an investor newbie who only has a couple of deals under my belt. I currently have 3 units that cash flow pretty good, but I'm looking to expand my passive income portfolio. A couple of weeks ago I was ap...
Hi All,I have been researching and analyzing the different areas within 1 hr of me to begin investing and was wondering if anyone had any thoughts about the Hudson Valley and Connecticut Border?Our plan is to buy and ...
New investors here closing on 2 multi-family properties. Our first multi-families!We can pick a closing day for our properties either at the end of 2021 or the beginning of 2022. Do you think either is more advantag...
I had paid a casual worker approximately 1000 half way through the year when in July he died of a Heroin overdose. He was not married and was living with his elderly mother. He has no estate. If I file a 1099 on him w...
Hello,I'm getting ready to finish a new build and I'm having trouble deciding if I should live in the house for 2 years in order to benefit from capital gain taxes and have a large chunk of equity or sell it and make ...