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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...
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Tax deferral help needed: I am a full-time W-2 employee and max out my pre-tax contributions to my 401(k). I have a side-hustle real estate LLC that includes passive income from fifteen rental units as well as activ...
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I just happened to watch a youtube video where they interview woman who earn different salaries and ask them what they are saving for. One who is a mortgage broker was listed as earning 692k. Is this an exceptional ...
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Hey guys,I was wondering if you knew if that law has been accepted in California?They were talking about accepting it last year and it was something about: "If you own a property or business in California, you will be...
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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
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Hi Everyone,I was curious as to what you thought. How much of your profits do you invest back into the business? I read a book that says you should invest profits in 6 buckets:1. Taxes2. Growth Capital3. Directly into...
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I understand the concept of real estate I intend to buy and hold or use a BRRRRR system to get multifamily homes or remodel a single family home if possible into a multifamily home, but on the business side I'm a bit ...
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This question is for those that are able to earn commission (R.E. agents) and buy their own properties.In NC the commission is funded at closing it appears (unlike some states) and I am trying to use it to pay my clos...
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I was wondering what type of tax implications lease option assignments bring? Is there a certain amount you can do a year before being labeled something like a trader? Is it just earned income?
Thank you for ...
I recently lost my employment of 14 years and I've decided that this is the time for me to finally follow my passion for real estate full time. I am a novice. I have a 401K that I plan on switching to a Solo 401K. ...