Bryan O.
Tax Deferral and How to contribute to solo 401k
As tax season is approaching, I'm trying to find more ways to reduce my taxable income to get down to the more favored brackets.If I have passive income (rent) coming into an LLC, can I pay myself a management fee to ...
James McGovern
AI will drive the need for more Data centers which should be good for Real Estate
Having a strategy that capitalizes in the hype of AI can lead to big profits. Acquiring land in Virginia and South Carolina where Data Centers are most populous seems like a winning strategy.
Account Closed
Questions on Real Estate Tax Strategy or Investing
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Shawn Blake
How to secure a loan as self-employed / through LLC
Hey!So i've been on BP forum for some time now trying to figure out how to get in the game. A lot has changed and recently i left my corporate job where i was making over 6 figures to open my own production company th...
Stanley Dean
Best Real Estate based Tax strategy to offset YouTube income
Hi all please provide Best Real Estate based Tax Strategy to Get Tax deduction Benefit to offset YouTube Income for a 16 year old and can he be on a home title of ownership. what avenues are Youtubers employed to get...
Mahmoud Y. Elhalawany
What is the total tax percentage amount on Flips in NC?
Hey there, I was just wondering, what are the total tax rates including self employment and all other taxes in NC on house flips? Thanks
Sunny Shakhawala
Using a Line of Credit vs. Cash
Hey Everyone,Today I was at the bank and I saw a heavy push for Lines of Credit. (Home, Business, etc.) There were posters, ads on the tv, stand up signs, etc. I just completed my second Private Lending deal. I'm get...
Cam Jimmy
Borrowing from your 401k question!
I've been aware of the strategy of using your 401k to borrow money from to buy real estate for some time now. You can borrow up to $50k and pay interest to yourself... got it...awesome. However, in my area the houses ...
Mason Marin
How to Purchase My First Property
Hello BP community! For the past 9 months I have been saving up money to buy my first property. I would like to "house hack" most likely single family home renting out the bedrooms. I would like to find a property tha...
Walt B Philip
Self owned management company - taxes
I’m in process of learning how rental properties tax deductions work. One item I see is properly management.
If I manage my own property, can I form a LLC as a property manager with myself as the employee? In essen...