Thanks in advance for answering this for me:If we take money from our IRA or SEP to fund an investment property, what kind of tax implications would that have? The IRA is actually a beneficiary IRA and the SEP is pre ...

ARV 7900048,000 Financed9.5 Interest @ 20 years440 P&I177.00 month taxes60 insurance1000.00 down500 Closing costsNeeds about 9000 in interior rehab (Flooring, full paint, Many holes in drywall, possibly new bathro...

Hey guys,So I was talking to my mortgage broker today and he said that my debt to income ratio will be better if I sell my paid off property.Its rented and brings in $550 per month in rent minus taxes/insurance, so I ...

Hi guys,Can you please help me out?Ive been struggling with figuring out what to do. I have been putting 18K into my 401K for the last 4 years and now have 100K in it. Ive been thinking that may be I should instead be...

I am wondering if there is anyone on this site who can advise me on how to fill out forms to report a 1031 exchange for 2020. We sold 2 houses and purchased 1 by doing a 1031 exchange. I know I have to fill out 8824 a...

My partner and I working full time with W2s and our income is above the $150k limit. AFAIK We can not use the rental loss to offset our W2 incomes without RE professional status.I understand it is usually tricky to cl...

Hi guys,How do you calculate your tax bracket for when you retire?Can you please correct me if I am wrong:Lets say you have 10 paid off houses that each bring you 1k so total you have 10K per month. Plus lets say you ...

Hello, can someone tell me what is the best way to transfer ownership of a property from a C corp to myself personally ?

I own 100% of the shares of the C corp. I own the property free and clear.

I und...

In 2017 I purchased a foreclosed 4-plex to do a BRRRR. We cashed out a state retirement account from a previous job, used cash and also partial 1031 money for the all cash purchase. In March of 2018, I got a loan on t...

Hello fellow flippers. I'm doing my research and I'm wondering what's the best way to see more of your profit, the right way of course. I hear 1031 exchanges are the way to go but it doesn't eliminate capital gain tax...