Mohamed Nagoor
SMLLC Tax Questions for Flipping Home Business
Hi,SMLLC to flip homes. Say I make 30K in gains during a year flipping homes. 1. I decide to take 15K as my annual pay. Can I take the Pay at end of the year when I'm filing my taxes OR do I have to pay quarterly esti...
Brian Adzadi
Acquired Property & Tenant within a Month
Hello BP Family, I would like to first thank God, my wife second and the BP family third for helping me on my journey to financial freedom. I have been watching the BP podcasts on Youtube since mid-2016 and signed up ...
Account Closed
Cares Act withdraw 100K
Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?
Eva Morel
Withdrawal from 401k?
Withdrawal from IRA?Due to COVID I have access to withdrawal from my IRA penalty free. The purpose of the withdrawal would be to put the money directly into a real estate investment. I will still will have some money ...
Rodney Marcantel
Self Directed IRA or Take Loan from pre-taxed Retirement?
We have 2 options now that we're selling our home and cashing out enough money to pay our daugher's college fund. We have a 403B account in my wife's dad's name that is over $300K that is only drawing 3.5% interest. S...
Emmett Gorman
Taxes for Rental Income
This year, I purchased my first three rental properties, have a question about the taxes on that income.With this new source of income, do I need to be contributing to the taxes due throughout the year similar to how...
James Park
2018 Migration Trends: people looking to leave Denver, LA, and SF
Interesting article of the domestic migration trends in 2018 with charts.As mortgage rates climb, affordability in the most expensive markets has suffered, driving more people to affordable, low-tax inland job cente...
Benjamin Riehle
Goal Setting and Business Planning, what is working for you?
Hey BP Community, Wanted to discuss business planning and goal setting and see what is working for everyone??I recently went to a conference where David Osborn (Author of Wealth Can' Wait) spoke about goal setting and...
Don Spafford
RV Campground Resort investment
Investment Info:
Other commercial investment investment.
Purchase price: $8,050,000
Cash invested: $90,000
This is an RV Resort Campground. This is a syndicated investment.
I am both an Limited Part...
Alan Ferden
Annual taxes deductable if given property mid year?
I'm being given a free and clear rental property Oct 1st. The property is tenant occupied. I will be responsible for paying the annual 2023 property tax in december. Can I deduct the full annual amount, even though I ...