I am expecting to receive my annual bonus, and I would love to invest as much or all of it into real estate, but every year around $7k are taken out in taxes. Where can I deposit my bonus where the least amount of tax...
Is this a tax or company 401k implication? Create a Solo 401k as a sole proprietor to purchase rental property. Fund this Solo 401k (through rollover) from my active employer sponsored 401k. Rental income flows into t...
I know this is kind of an odd question, but is the LLC required to reimburse me for its start up costs (since I paid for those in my own name)?
For example, the formation company offered a discount for buying multip...
I recently left my job where I had a roth 401k (so my contributions were made after tax). Does anyone know if I am able to roll this account over into some kind of self-directed IRA where I can use the funds for re...
Hello, I listened to a BP podcast tonight (show 162) with @AmandaHan about tax strategies for saavy real estate investors. The more I learn, the more questions I have! This question is regarding self-directed IRAs (SD...
Hello BP. I just joined yesterday and was wondering what type of comments newbies could contribute that would be of value. I have posted one discussion so far and found the replies very helpful. I don't want to be som...
My husband and I use Seller Contributions to improve ROI on our rental property purchases. I submitted a suggestion to BP that a box be added in the calculator that would accommodate this contribution and pull it int...
Seems that I have entered the "grey area" where I could begin to head full steam in one direction or another...The main factor for me right now seems to be that the financing for future purchases is guiding my decisio...
Hi BP Community! I'm kind of a newbie here, and had a quick question regarding how to price duplex units. Here's the relevant info: - It's a top bottom duplex, with very similar ±1200 sq ft floor plans, in an older ne...
We established an
LLC at the beginning of this year, with just two members – my spouse and
myself. We reside in a community property state and file our taxes jointly as a
married couple.
Throughout this
year, we...