Tracy R.
How to value multiple rental properties w no written lease
A man in my hometown passed away and had rental property that he owned outright. Some of them are now owned solely by the widow, and some are owned jointly by the widow and 2 of her adult children. This would be my f...
Jonathan Edmund
Financing and Purchasing Under New LLCs
So I operate my real estate business as a Realtor in Myrtle Beach under an S corp for tax purposes and pay myself a salary. I also recently bought a rental under my S Corp. I paid cash so I'm going to move it into it'...
Jerrold Browning
Wholesale Help With Taxes
Good Morning Fellow Investors!
Here is the dilemma. My partner and I are wholesaling and splitting everything 50/50. We are doing these deals under a company that he had before we started so at the end of the year ...
Ronin Crimmons
This or That scenario? Stock to pay off Mortgage
Should we use stock assets to pay off home mortgage?Details:550K mortgage at 3.5% with 29+ years left to pay (purchase price 1 mil)Currently have 550K in stock that we could use to pay off mortgage The stock is not pa...
Kevin Gerace
can I write off flip expenses for a house selling in 2016?
so I asked a question yesterday, but after sleeping on it I think this is the heart of my original question.I flipped a house this year, but it won't sell til next year. Some of the money I used for renovations was al...
Nathan Robinson
Purchasing Short Term Rental to offset W2 income advice (TX)
Hi folks, I'm looking for ways to offset the taxes that I will owe on W2 income. I came across the short term rental designation that allows for asset depreciation to offset W2 income. This combined with the 100% bonu...
Tyler Henfling
Cash reserves and taxation
When putting together our first multifamily deal, we built in a cash reserve to be used over a five-year hold for such things like capital improvements and unit upgrades. We don't anticipate using all this money in ye...
Daniel Hankins
A Pointless Rant: My Recent Story
I have spent the last 4 years learning how to buy, renovate, and then rent out worn out properties (Bigger Pockets was the biggest early source of knowledge). When I first started I was working a normal full time W2 j...
Kevin S.
Buy Real Estate with Pre-tax (401K/SIDRA), Roth IRA or after tax dollars?
Hi members,I recently met my CFP and he concluded that after all these years of accumulation in 401k it's time to take steps to minimize taxes and reduce/eliminate RMD. As expected, he recommends Roth conversion and ...
Brian Carmichael
Sell all real estate in IRA account
Why don’t I purchase a house under my LLC then overtime sell it to my personal retirement IRA at a discounted rate. Or if that’s not allowed sell it to a friend who will then sell it to my personal IRA at a discounted...