Jose Gonzalez
Can I withdraw the money invested into a fix and flip?
Wanted to know if I can withdraw money invested into a fix and flip to fix the property?Ex I invested 30K into a home. This money was income I had earned and had already been taxed on. I just want to get the money bac...
Curtis Woloshyn
A good investing strategy for rental properties?
I'll lay this out as briefly as possible. I would like any advice/opinions on how we're going to proceed. If anyone has a better idea on how I should proceed with investing in rental properties, please share your ide...
Francisco Torres
taxes
I just sold my first flipping property I would like to know what's the porcentaje I have to pay to the irs thanks
James Harris
Capital Gains Tax and IRA
Hello..Last year I sold a property and did not find another property to roll the earnings into within the time period. I was told that I could roll the earnings over into an IRA to avoid paying the capital gains tax. ...
Jack Tinker
Who Includes Rental Income Tax as an expense?!
I am curious. Typically when I analyze a property I include the usual (property tax, insurance, etc.), I was wondering if anyone includes rental income tax as an expense when analyzing a property? For example, after d...
Devon Cornwall
Looking for Canadian CPA for confirmation
I'm looking for some information about how corporations work in the terms of personal. Can I set up a holding corp that shows no income (paying no tax) as a through entity?Essentially, I am working with a group of 3 o...
Ryan Jones
$200k equity in home 2.75% int. rate - HELOC for stock investing?
We put $200k down on our home two years ago, 15 year 2.75% fixed rate. (really for peace of mind because I know I could earn more elsewhere) However, unless Trump is impeached this year, the stock market will probabl...
Nicholas Jose
My 3-year Game Plan for Financial Freedom
My Game PlanGood evening, BP.2019 is a month away and I’d like to share with you guys my game plan for the next 3 years. Keep in mind that this is a WIP, and perhaps if there’s someone out there who’s in a similar pos...
Ryne V.
Self employed loans?
Hello fellow BP'ers,
Both my partner and I are self employed in the horse racing business. We can't provide any W2's or a proof of monthly income due to the fact that our earnings are based of off race outcomes...
CJ Swoboda
Tax free passive income
Greetings BP family! Newbie here, soaking in the collective wisdom.I was googling passive income the other day and learned that you can earn up to 80 k and not pay federal income tax. Is that true?