Ryan Dossey
Wholesale profits = Down payments?
Those of you guys that have been at this awhile talk to me.... Is it a bad idea to use wholesale profits to pay for down payments on rental properties. Obviously one would need some cash reserves ICE. But are there an...
Wyatt A Brady
Balancing tax implications with potential income
Hey guys-Im still new to posting on BP, hope no one minds if I share some personal numbers, but I could really use some calmer heads on this before I go crazy.I was all set to start visiting a property, and I started ...
Nathan Barilka
Advice on Property in CT After Retirement
Hi all,My name is Nate, I'm a first time poster here on the Bigger Pockets forums. I have a question in regards to my mothers house in CT, and how she could potentially turn the property into something that could work...
Jim Halpert
Sell for a gain, or rent for passive income ?
Hello, have been lurking the forums for a bit , decide to make a post. I have owned my house for a year now. Been renovating it to the point where I have somewhere around 30k in equity in the home. I currently live th...
Trent Ross
Questions regarding tax
Hi,I'm looking at getting into REI in the US from Australia.Is it worth have a CPA manage the tax sides of the LLC's that I will be setting up for my properties? If so will the same CPA generally manage all the LLC's?...
Mike Helminger
Confirm my understanding of setting up a Trust
I am considering setting up a trust. It would be for kids of a relative and it would be a grantor trust or revocable living trust (not sure which). The trustee would be me.If I place an LP fund which holds an LLC real...
Evan DiLeonardi
Real Estate Syndication Long Term Capital Gains Question
I'm looking at investing in a RE syndication project that is run through a funding LLC. What's been explained to me is that I am investing into the funding company LLC, who will then pay me out and issue me a K1 tax f...
Tim Ivory
Capital Gains Tax after Fix N Flip or Partner with Owner
Hi. My parents need to sell there home and I was planning on fix and flipping it for them since I've already been researching all about this investing option and know more about the logistics involved than they do. Th...
Jamie Parker
NATIONWIDE: HOW RAISE A FUND
Many times while networking I will admit, my understanding was only as far as the deal I was getting to or the one that I just closed. As stated in my bio, I have taken some much needed time away from being active in ...
Lily Daudert
Sale proceeds of inherited property
My husband inherited his father's home in 2013. It sold on 12/28/15 for $161K. Would I be able to put the proceeds into a self-directed IRA to avoid being taxed on it?