Kenny Lau
Self directed IRA investing
Hello Bigger Pockets! I'm looking for some opinions from you. I have an unused 529 plan meant for my kid currently worth about 60k. My kid is 20yo now and decided a while ago that she didn't want to go to college. If...
Robert Pangborn
Figure out Int earned on an anuity?
Some one who is willing to loan me money has an annuity, but is unsure how much int they are earning. I obviously would be paying a higher interest then she is earning. Lets say she had $29484.00 at the start of t...
John Jones
Section 121 Exemption
I want to start this post regardless of answers; I know I need to consult with an accountant. I am trying to understand the 121 exemption. My wife and I have owned our primary residence for over two years. We are abou...
Brett Brown
Real Estate License - Tax Write-Off For My Business?
My wife and I currently hold two rental properties in our LLC. We are going to continue to purchase buy and holds as well as begin flipping houses. We both are going to get our real estate license. Not just to save...
Rene Bee
receiving a house as a gift...
Hello,
My mom received a house through an inheritance last year. She now wants to transfer that house to me as a gift.
What kind of tax issues should I be concerned with in terms of receiving such a gift. The ho...
David Nacco
How do you handle reserves on your rentals?
So this is a total newbie question but how do you guys handle your reserves? On a rental that’s renting 1500 a month and saving 15% ($225, 5% capex, 5% maintenance, 5% vacancy) it just seems low to me. Am I just being...
Hosanna Jones
QuickBooks
I would like to hire a bookkeeper to set up QBs for my business. I have 7 properties and 22 tenants. How much should I expect to pay for the service? What should it include? What will I need? How long should it tak...
Sal Orlando
Am I suffering from cold feet?
I currently live in a house hack and was looking to buy a second property strictly as an investment property. I am seeking feedback just to get an understanding of maybe something I am missing. I guess what is stoppin...
Jason Baker
Need help with a gifted property scenario
I am a new investor in Florida. My mother has a rental in California that she wants to give to me. What is the best way to handle this transaction? Do I need to form a LLC? Is a Land Trust better? Should I do both?
Kelly G.
FYI: Lessons re: replacement windows
Greetings I have been researching replacement windows for my SFH in Milwaukee, WI and have been amazed at what I've learned - so I thought I'd pass this along.Be very cautious about - and Read - the warranty Before yo...