Neil Smith
Deferring taxes on profits from sale of primary residence?
I have a potential client who owns a home in Boulder that is their primary residence and it worth ~$1.3M and they have >$500K of equity in the property. They're wondering if they sell and put all of the proceeds of...
Daniel Dietz
What can be rolled into Solo401K - Either Regular or ROTH?
I have a little trouble understanding exactly what can be rolled into Solo401K accounts and am hoping for a little help here before taking the next step of actually setting up an account.What can a Traditional IRA be ...
Jonathan Ramsuchit
Question about leveraging an investment property
Hey everyone!
New to BP and overwhelmed by the great amount of expert and advice here!
Im currently in contract for my first Investment home.
Purchase price 153,000, dp= 30,000.
After I pu...
Nancy Brewer
1031 CA to TX, purchase to be built home
We had several rentals in CA and downsized and moved to TX to be closer to our daughter. We have one house left that has been rented for about 16 years. The house is large and will be easy to sell in the current marke...
James Park
Can a business owner contribute to both the SEP and Solo401K 2016
Question for the SEP and Solo 401K experts. Suppose a Solo Financial Advisor pays himself a W2 of $50k in 2016 and has a Net Profit of $60,000 for his SCorp in 2016. What is the maximum amount the Solo FA can tax def...
Peter Radonich
looking for advice on a laon
Hi all,first post on BP. I'm wondering how easy it would be to add partners on a loan one partner has been pre qualified for.the situation is that we have 4 partners. One has been pre-qualified for enough to cover our...
Rob K.
Sec 199A deduction for Rental Real Estate Question
So for purpose of the Safe Harbor Rule for Rental property owners taking the Section 199a "QBI deduction", my understanding is that starting this year you document that you spent 250+ hours for your "rental real estat...
Brian Fournier
1031 exchange rental properties for land to be developed
Hi folks,I am thinking about a strategy to sell my 3 triplex rental properties and then by a tract of land to develop. I would like to do a 1031 exchange. The land would be a large parcel that I would subdivide into...
Boris Psakhis
Need 1031 Exchange Recommendation
Hello,
I am a new investor and I am ready to sell my first flip which turned out to be a home run (thanks to my mentor -- and informational sites like this one)! :D
I plan to use all the proceeds from the sale ...
Anthony Nguyen
Please evaluate and lend some guidance
Please evaluate and lend opinionsForeclosure REO Bank asking for $135k2 Unit 4br/2b 1,687sq ftComps are low 160s high 180s But i will be conservative and say $160k for similar house sold with the same square footage T...