Jordan Kelly
Wyoming dynasty trust
So I recently learned that some states don't have any income tax. Which made me look up Wyoming and if they were taxed on rental income. While looking I came across something called a dynasty trust it said you could...
Andrew Cheek
LLC "Management Co." to write off expenses. Possible?
Hello again BP! I completed my first deal last fall and now have a Duplex. I am trying to find out how to be more tax efficient. Long story short, I had an idea and was wondering if this is feasible. Any advice if gre...
Brian J Allen
Why I Invest in Real Estate (And Why You Might Consider It Too)
People often ask me why I choose to buy investment properties and other real estate. The answer is simple:
Labor is finite.
We can only work in the present, and once that time is gone, it’s gone for good. If you tak...
Willie Holdman
Purchasing property I own in an llc with solo 401k funds
Hi all! I have property in an llc that I would like to put some short term rentals on. The llc owns 40 acres and I'd like to purchase 20 of that for some cabins I'd like to short term rent out. Looking for long term g...
Marek J.
W2 earned income to real estate investing.
Hello, I like my w2 job. I also want to invest in multi family real estate. How would keeping my normal job affect my taxes? I want to essentially invest all money earned from my regular job and invest into real esta...
Kyle D.
Play Devils advocate: would a 401k ever be worth more in 30yrs?
hey guys.I've seen a lot of posts about how RE is soooo much better in the long haul than just putting pretax $$in a 401k and assuming about an 7% return.But what are some scenarios that the 401k is the better option...
Phil Rogers
Helping an investor with vacant houses?
Hey BiggerPockets! New investor here that's looking to get started! I've been researching for about a year and have been trying to find the best way to get started, I recently spoke with an investor that has a couple ...
Brent Byers
Canada 1031 exchange - Eh?
hi - wondering if there is an Equivalent to the 1031 exchange in Canada - or more spec in ONT?Can i defer my Cap Gains to some other item, purchase or method? Please say YES!!
Rich Hupper
Two flips this year how to avoid self employment tax
HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
Joel Duguay
Needing some perspective
I am considering whether to hold or sell MY current home. I purchased at a great time in 2010 in Napa CA for 480k, the home is now valued at over 740k. I bat around the idea of cashing out as we are at or near the to...