Jason Barnes
Wanting to buy first apartment complex
My dad and I are going to be attempting to purchase are first apartment building which is 62 units. We have been saving our whole lives and trying to invest are hard earned money. We are curious if this is too large f...
Ryan Lane
Close before 12/31 or After? What makes most sense for taxes?
This will be my first rental, a triplex. What makes the most sense tax wise close before yearend or after?
Stephen Race
when to claim rental deposit income
Hi, I have short term rental properties renting by the week. I take a 50% refundable deposit at reservation time, then the balance 30 days before arrival. I take deposits up to a year before arrival. For tax purpo...
Wayne Brown
Would you use 401K loan for mortgage pay down?
Hello everyone! Which of the two options in this scenario would make more sense with the mortgage on my rental home.I currently have 12K remaining on the mortgage of my first and only rental property after multiple lu...
Ana Marie B.
Paying off a Rental or Primary Res. -- Yay or Nay?
Hi BP Fam - The hubby and I have enough money saved to pay off either 1 of our rentals or our primary residence. Wondering how others might approach this, what makes the most sense, and why. Below are some data:1.) ...
Kurt Granroth
Who benefits from a Preferred Return based on Unreturned Capital?
Most private placement deals I see have a LP/Sponsor waterfall that incorporates a Preferred Return, whereby the LP gets a stated rate of return before the Sponsor gets any money.
The Preferred Return can be based ei...
Darryl S.
Roth IRA self directed for RE investing
Is anyone here actually using a self directed Roth IRA account for real estate flipping? I am sick of paying these outrageous short term capital gains taxes it really feels like 1 step forward and 1 step back. I looke...
Bhanu P.
Can Buyer receive cash back@closing frm Buyer's agent in cashdeal
Can Buyer receive cash back @ closing from Buyer's agent in cash deal? - I am in a situation where I made a cash offer @ 156K with majority of the closing costs paid by seller (owners title and survey) & Buyer's a...
Nghi Le
Is S-Election Necessary for High W2 Salary
I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips. However, I've heard that you only need to pay high SE taxes up to $130k. If my W2 Salary is $130k+, then my ...
Shane Evans
Pay large sum to mortgage/student loan or add 3rd unit and rent?
Hi everyone,I've been following along on this forum for quite some time and this is my first post. Thank you for your time. I bought a 2 family home in November of 2015 and live in one unit. (First time home buyer) af...