Hi BP, I currently have Traditional IRA funds that are invested in stocks, but lately I have educated myself about going the self-directed IRA route. I met with a self-directed IRA custodian yesterday. However, give...
Hey all,I bought my first property a 2BR/2BA In April of last year (before I found BP or how to calculate cash-flowing properties), been living in it until about a month and a half ago. I'm moving out of the country ...
We are in California, but doing business as a Wyoming LLC, how does this work at Tax time?(Tax deed investing...first year, all losses, but this year some deals in progress)
I finished a remodel for a lady in texas. At the end of the job she refused to pay the final bill stating, "i am disputing the bill so I do not have to pay all of this". She then began to claim items that were not p...
Hi All! Interested in the community's thoughts on one possible game plan for investing in my first multifamily:I currently own two single family rentals, and my goal is to grow my portfolio to eventually replace my in...
So I bought a property using money from an old IRA. I didn't do the self directed since it was only $20K. The setup cost along with the yearly fee would be more than the 2k penalty for using the money. Here's my quest...
Hi BP,I am about to buy a SFR that my son will live in while he is in college the next 3 years. We are having him be a co-owner as he will make it owner occupied and will have 2 roommates living with him and paying r...
I've searched the forum and still have questions so creating a post. I get that the ability to deduct passive losses phases out completely over 150k and that they carry forward. Can someone point to an example when th...
Does anyone know if there may some sort of tax penalty for buying and selling the same house, in the same year, in Ohio?
Can I use income from wholesaling to pay off my house without paying taxes on it. Would I be able to accomplish this by quit claiming the deed into an Llc?