I hope I am misunderstanding this regarding new tax law in Calirado... sorry I meant Colorado...."Effective January 1, 2023, single filers are limited to $12,000 and joint filers are limited to $16,000 of deductions. ...

I'd like to propose a simple question.  If you have the ability to source investment capital regularly at a realistic interest rate, let's say 7% APR.  Is it wiser to borrow the money rather than 'earn' the money trad...

Greetings. We’ve recently rehabbed a 3 bedroom house and have listed it for rent. I have several people that have applied and when running their credit reports sometimes say a married couple ( the husband has decent c...

I have my rental's reserves sitting in my business account earning nothing.  I have my personal finance reserves over at Ally earning 1.65%.  Nothing crazy, but still it's something.  I cannot open an account under my...

I am reading a book by a well-known author right now and he has some disparaging remarks for yield measurements for real estate investing. I tend to agree with him given that most real estate activities carry a huge ...

I have two questions:

My wife and I are forming an LLC. Can we both have a solo 401K?
Can a portion of a standard 401k be rolled over into a solo 401K?

Thanks for the help

Hello all,In summary, I am a new real-estate investor. I am working to close on my second property this year. My market is rentals in Philadelphia, by year end I will have two triplexes (6 units total). I am a high ea...

Hi there Wholesale Investors!,My wife and I, both architects by day, are taking a deep dive into wholesaling and are aiming to start pursuing deals this July. We will be aggressively pursuing single and multi-family p...

I am 71 years old and retired. I am taking my social security benefits but I also have savings in a 401k, and a Roth IRA.  I've been approached by a local real estate investor to become his "private lender" on fix and...

has anyone had any experience, from a tax standpoint, in assigning a contract for profit? in other words, what type of income does irs consider this transaction for person assigning?

jim