Need an experts advise here...I have recently left a W2 income and began working as a Sole Proprietor. I had a 401K (25K) and ESOP (75K) (Employee Stock Ownership Plan) through my previous employment. The ESOP is bein...

Considering purchasing my first rental property. Can anyone give me a brief description on the tax implications of owning a cash flowing rental property ? What are the pros and cons from a tax standpoint ? 

Hi BP community,Does gifting money reduce your taxable income? I know the limit is $15,000 for tax free gift, but does it reduce the gifter's income for that year? Say you make $90,000 and you want to find someway to ...

I am brainstorming and searching for ways to make seller financing (of a SFR) a win-win situation. Does anyone have any creative ideas?Scenario: The landlord is burnt out, near retirement and has some health issues. H...

Hey all, I am looking at the Idea of selling our primary residence and buying another "house hack" option (unidentified) The House we are selling we bought last year for $49,000 for us to live in and then move out aft...

Selling an investment property can result in significant capital gains taxes. To minimize this tax burden, consider the following strategies:1. Utilize a 1031 Exchange: Under IRS Code Section 1031, you can defer capit...

Hi guys -Wanted to get your advice and/or personal experiences on how to properly save and grow your capital prior to making your first real estate investment. As a little background on me and my current financial pos...

When Do you think the best time would be to sell off a small portfolio? long story short, I will be starting grad school next year and will not be able to work while in school for the next three years. I am wanting to...

I feel in my gut I could have gone about this a better way and could use some input.I recently pulled out all of my money from my traditional IRA to put towards a down payment for a duplex my wife and I are buying in ...

What's the best way to invest an inherited non-spousal IRA? The first RMD will put me into the next tax bracket, so I'm tempted to draw more out and put it towards a couple of multi-families with good cash flow.I also...