Greg Henderson
Conventional mortgage options with a portfolio
I currently have 1 conventional mortgage on a home I no longer live in and it is currently rented. I'm looking to purchase another primary. I've got another 10 properties with commercial portfolio loans on them. Am I ...
Bryan Butler
Can I offset taxes on 401k cash out with real estate investments?
I may have a new job opportunity and am trying to figure out what to do with my 401k. At first i was going to roll it over into a self directed roth but am also thinking of cashing it out to buy real estate outside of...
Julio Gonzalez
Amending Your Tax Return vs Form 3115
Everyone makes mistakes now and again when filing a tax return whether it be forgetting a deduction, missing a portion of your income, or improperly depreciating an asset. The IRS has multiple ways that these errors c...
Luke Ostergaard
Checking/Savings Account for Rental Property
I have seen several different opinions on this matter but I wanted to get some up to date recommendations. I am working on acquiring and moving into my first househack (2-4 unit property) sometime within the next 3 mo...
Greg Todrank
Setting up holding company after 10th LLC
Searched the forums, but couldn't really find an answer to my questions about setting up the accounting around a holding company.I currently have 10 rental properties / 10 LLCs. I have a holding company created and w...
Josh Rich
Setting Up Solo 401k
Today I'm working on taxes and finalizing my Solo 401k set up, yes tons of fun...not my favorite way to spend a sunny 75 degree Saturday in San Diego!
That said, I need some guidance on next steps.
Step...
Chelsea Schaefer
CPA causing confusion on STR rules - HELP!
Looking for advice - purchased first STR 2023 and we qualify for active income based on rule 3 of the material participation test. Current CPA says we can't take losses off of W-2 because W-2 income is greater than 24...
Sheridan Hitchens
Very Low risk tax deferred savings
I'm looking for an investment vehicle with little to no risk that doesn't generate taxable income until I want to cash it in some number of years in future. Obviously savings account might be 2.2%, but it continously ...
Brandon Frook
Where to put money for repairs
I was wondering it there is a type of account I can put the money I set aside for repairs in that would shield it from taxes? I have heard about escrow accounts but they seem to have a limit to the amount that I can p...
John Allen
QuickBooks Self employed?
I'm looking for an app that can handle my real estate investment accounting.
I've done the trial for quickbooks self employed and loved it. But I didn't see an option to customize into specific properties. When I tr...