Andrew M.
Maximize tax savings with investment property
Hi all,I'm purchasing an investment property next month (December) (2 units). I want to maximize my tax savings when I file my taxes next April, so I was wondering what I should do til the end of 2022 to maximize my t...
Tyler Scranton
Getting a mortgage under LLC
My partner and I are looking to purchase a SFH in Philadelphia and have recently formed an LLC as an investment vehicle. This is our first purchase and are planning on making more purchases under the same LLC. We are ...
Eric Schwake
Should I Invest in Performing Notes?
Ok so here's my scenario. Would love some feedback on whether a performing note would be the correct option for me.I'm in the process of opening an SDIRA. My first investment in that will be a rental property which ...
Daniel B.
Easier to qualify for a mortgage than a car loan?
Hi, My wife and I have always purchased used cars. With multiple kids now including a another baby on the way, we are looking at buying a new vehicle to get something safe for our family. We are looking at getting a...
Jay Bedsworth
Solo 401k vs Self Directed IRA
Have been reading that a solo IRA would be a better vehicle for purchasing property as the property can be leveraged with a non recourse loan and not have to pay tax on the gains associated with the loan portion at th...
Joe Schultz
Any tax deduction for new vehicle, my situation?
My income is mostly from rental property (single family) but I still do some residential construction (mostly remodeling).my pickup (07 Tundra has a transmission issue - for now just a check engine light) will need re...
Matthew Facer
Matt Facer new member
Hello Real Estate enthusiasts,I'm from LA, currently living on Oahu, and selling roofing services for a living. I'm married, no kids, and have a bachelors degree in accounting. I don't own any real estate yet but woul...
Tom K.
Can one write off truck purchase? (Tax)
Hello all, last time I met with my accountant, she mentioned if I buy a truck (currently own a small car) that I could write it off as a real estate expense as that is what I will be using it for often. Is this accu...
Bob Lowry
C-Corp Getting Loans
I am a real estate investor in California, using a C-Corp as my investment vehicle, funded by my 401K.
I am interested in leveraging my investments by seeing if I can take cash out of a cash positive residential rent...
Account Closed
New from the Hampton Roads, VA area... well kinda. BP members from other locations, I would love your input as well.
Hello BP. My name is Darryl P’ford from Hampton Roads, VA. I’ve been watching the forums in the background for quite a while now and decided to join / share my introduction to RE. So please if you have any incite, ...