Daniel M.
Seeking Advice on Using Retirement Funds for Real Estate Investment
I’m considering cashing out my 401(k) and IRA funds to invest in more real estate and would appreciate any advice or insights on whether this idea is viable.
Current Financial Situation:
Significant savings in 401(k...
Paul Doherty
In a 1031 if I take out part of the proceeds what happens tax-wise?
If I sell a property I own completely (worth 175k after realtor's fees) and want to keep 50k of the proceeds and 1031 the rest into 2 or 3 new properties how do the tax consequences play out? Do I pay 15% on, say, 58...
Missy Price
Sale of Rental Property and Capital Gain Taxes
Thank you in advance forum members. I need clarification on how the sale of a rental property would impact my 2018 tax liability. The rental property is in NC where I have no W2-income (currently live in CA). My AGI f...
Cliff R.
Wholesale using LLC - Advice...
Good Morning, I'm a part time Realtor trying to get into wholesaling (I have another full time job). I have my first property under contract, and have a buyer for it. I created a quick llc and would like to sell thi...
Derek Smith
Mortgage Interest
I know that you may deduct mortgage interest paid back to a loan, so I'm curious to know is the interest paid back 100% deductible or only a portion?
Amie D.
How to look at landlord income
Kind of a funny question - but I am a landlord, and will be looking to rent a house or apartment soon. I haven't rented since before my rental income was a major part of my earnings. How do you all look at a landlord'...
William B.
Is it possible to create an LLC for a husband and wife and not pay self-employment taxes?
Hi BPers-I want to create a business name that is separate from my wife's and my name. I primarily want this to serve two functions - 1) so our tenants do not know that we are the 'big, bad landlord' and 2) be able u...
Andrew Fallwell
I am a Certified Financial Planner, AMA
Relatively new BP member who is also a fee based CFP. I find concentrated positions held in small businesses/RE to be the best wealth generator a person could have. Feel free to ask me anything about investments, fi...
Garen T.
Month 3 update on Duplex Construction w/all costs so far
Thought I'd share an update, and the costs I've hit so far on this project. Couple of pics to start things off. I have to be over there almost daily keeping up on stupid things and decisions the sub-contractors do not...
Pat Bahn
if your IRA buys a quadplex and you end up renting a unit?
i know the general rule is if you receive benefit from the IRA that's a taxable distribution, but what if you are paying the IRA fair market value?
essentailly i'd be paying rent to my future self...