Robert M.
Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
In 2016 my parents loaned me the down payment for a rental property ($150k toward a $600k duplex in a midsize East Coast city). There were no formal terms or expectations - it was just "here's the money, don't be dumb...
Account Closed
multiple self directed retirement accounts
ok gang, i'm trying to wrap my head around this stuff..can i do a combination of a self directed (or solo--not sure the proper term), AND a roth (either IRA or 401k)?? I would really like the solo 401k, since from m...
Anand Mundada
Is Dallas good city to invest in?
Hi,I am ready to buy my first out of state investment property. I am looking for some positive cash flow with potential appreciation. My whole idea is to learn from this process and keep investing in other markets whi...
Montez B.
90$ a month to high for a bookeeper,accountant, business advice ?
so this company contacted me and offer me unlimited access to a account to ask as many tax questions I want and they offering assistance with bookkeeping and doing my taxes with a app that I can monitor everything for...
Sumit Sehgal
Tax forms for disregarded entities LLC
I have a Texas disregarded LLC, Oklahoma disregarded LLC, and Wyoming partnership LLC.
My question is from tax standpoint (not legal standpoint).
I recently learned that disregarded entities are required to file so...
Tony Sorensen
Alternatives to Wealthability for tax planning
I have been considering Tom Wheelright's company Wealthability. The startup costs are significant for what the value being provided appears to be. Additionally, there are almost no reviews that I can find. Are there a...
Account Closed
Which Markets Might Take A Tumble?
With the inflation we’re seeing, what are your predictions on the RE market? Which markets do you think might take the biggest tumble? Smallest tumble? Do you think any market is safe from a market fall (not sure it’l...
Jordan M.
Question For CPA's Who Chose Real Estate Tax
Hello everyone,I recently graduated college, with a Bachelors in Accounting. I am also taking a Masters program that will allow me to sit for the CPA Exam. I have a huge passion for investing in real estate and I thin...
Blake Shultz
Getting bought out of an investment, anyway to avoid taxes?
Hey BP!This is officially my first Forum post that is not a response to one of y'alls questions! Any advise is appreciated, thanks!One of my very first investments was partnering with a seasoned investor/realtor frien...
Joe Kelly
Newbie from peterborough, ontario
Hey everyone, a friend got me interested in real estate and set me up with the bp podcasts. It has been very educational has made me really interested in passive buy and hold rentals. I am a tradesman so I have a lot ...