Account Closed
Softening the Tax Blow of Early 401(k) Withdrawal for REI?
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 ...
Josh Brekke
Best way to grow 100k-300k? (already in the 20-24% tax bracket)
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...
Justin Summers
suggestions on best partnership structure to pay lower Taxes
I'm setting up a new brokerage referral business with a partner. Nothing has been setup yet- It will be pretty much passive income (we are RE Brokers and will be getting referral fees from internet generated leads. ...
Anthony Silver
Estate Sale
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...
Tim Dailey
Hudson Valley / Connecticut areas to invest
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 ...
RaKell Adams
Selling Investment Property to Family Member
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 ...
John McGonigal
What would you do with $500K cash?
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...
Jimmy Bell
Can someone please explain
First, depreciation is a short-term benefit. It puts extra money in your pocket every year while you own the property. But, when a property is sold, previous depreciation deductions taken from the property will have...
Tony Thomas
What’s the best date for closing?
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...
Judd Campbell
1099 a dead employee?
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...