Nicole W.
LLC with SCORP option for tax purposes?
Hi all,I just formed my first LLC and received some information that if I elected the scorp option for tax purposes, I could reduce my tax burden. Is anyone familiar with this strategy? If so what are the pros and con...
Kenneth Taylor
To stain or not to stain, Wood deck that is
I'm finishing up a rehab in which I built a 40ft x 12ft 2 level deck on the back. Its 5/4 PT decking boards. I am wondering if it is smarter (in regards to selling the home for maximum profit) to stain, paint, or leav...
Ben Larson
Duplex Purchase Question
Hello!I am brand new to Bigger Pockets and to real estate investing... guess that makes me a "newbie" :)My wife and I want to get started in investing and we have taken a first step by putting a 1/2 Duplex under contr...
Stephen Grindle
Using a Self-Directed IRA to invest
Hey friends, I'm considering using a Self-Directed IRA to invest in a short-term vacation rental. So two questions: 1. Should I transition my current Traditional IRA to a Self-Directed ROTH IRA or keep it as a Self-Di...
Laura Levine
Need advice for refinancing out of a 5/1 ARM in NJ
Good morning! My husband and I bought a fixer upper duplex in 8/14 with a 5% down FHA 5/1ARM at 3.75% (we are living in one unit). We did a massive reno on it and should now have the 20% equity needed to refinance a...
Andrew McGuire
The Hottest New Rental Strategy & German Roaches
Cashflow has been a tough find in the Phoenix market for a while now. The crazy amount of appreciation combined with interest rates rising that seem to be steadily rising since the summer of 2022 making it very diffic...
Justin Young
Can a TSP turn into a SDIRA?
Aloha BP!Can a federal employee transfer their TSP funds into a self-directed IRA? Or would there have to be a transfer from the TSP account to a traditional IRA then into a SDIRA? I'm trying to explore my financial o...
Paul Choate
Homepath investor purchases using renovation mortgage
I have purchased a Fannie Mae home using cash and am now buying one with my own financing. I keep seeing on wwww.homepath.com the logo for homepath mortgage and homepath renovation mortgage.
Does anyone have ...
Jennifer Lee
1031 exchange on duplex deed separately
Hi BPI am future planning.I kinda know about 1031 exchange but never done one, b.c #1 timing and #2 not cost effective at the time------I bought a duplex that has 2 separate deeds, I am currently rehabbing and hopeful...
Brandon Sturgill
Does 1031 Impact Ordinary Income From Sale of Rehab Property?
So, my CPA indicated that a 10301 really won't assist in deferring capital gains because capital gains are irrelevant when selling a short-term investment. His explanation is that the profit will be taxed as ordinary ...