Eagle Yeh
Canadian Property Analysis Workgroup - Who Is Interested?
Hi BP Canadian community,I am thinking to start a workgroup to review each other's property analysis as a learning process. If you are like me, there are often more questions than answers when trying to analyze a deal...
Jim NA
Regarding Roth IRA contribution limits.......
Good Morning :)Hopefully I’m posting this in the right forum. My question is regarding Roth IRA contribution limits. I have been maxing my pre-tax employer 401k and was wanting to max my Roth as well when I noticed th...
N/A N/A
Newbie - Looking for Owner Fiananced Notes
Hello Everyone. My Name is CW and I work with a group of Investors with Unlimited Funds
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David Cherkowsky
Do I need a partnership LLC to depreciate and write off expenses on a rental property
I purchased a rental property earlier this year, and it will be my first year not taking the standard deduction. I met with a tax professional I found through BP, and in our planning call, she mentioned that if you ar...
Craig Lessler
Airbnb - Active or Passive - Deductibility of Losses Schedule C
I have a long term rental (SFR) which I converted to an Airbnb in October 2019. My property manager is acting as the host and we have already had multiple bookings.
Questions:
1. Is the Airbnb considered "Active" ...
David Yu
Solo 401K borrow money
I'm confused. Can you borrow money from solo 401k for personal use? I understand like buying your primary resident. Can you take a personal loan? Personal loan can be buying a car or anything personal like that ri...
Gerhard Maree
Cost Segregation Losses - STR
Let's say you do a cost segregation study on a short term rental and with bonus depreciation you have a loss of $100,000. Does that roll over as a credit for future income or do the IRS actually send you a check?
Austin Suddreth
401k loan for investments
Hello all, I’m looking into purchasing a rental property, more than likely using a BRRRR type strategy where I refinance after repairs are done. However, I was wondering if anyone has experience utilizing a 401k Loan...
Hubert Chen
Strategy for offseting passive rental losses for my active flips?
I am a full-time flipper. My wife and I just started acquiring rental properties and I want to offset the passive rental loses against my active flip income. I thought I just had to have 750 hours in my real estate pr...
Jacke Draper
Solo 401k House Purchase using an LLC - IRS constraints
I have a solo 401k plan and want to use this and a non-recourse loan to invest in a rental property. The property I'm looking at needs a lot of work and so will not qualify for a loan. I can purchase the property with...