Hello. Has anyone created a Solo 401(k) to invest excess real estate income, primarily for investment? I am wondering about tax implications, as real estate income is usually considered passive. In addition, LLCs are ...
My wife and I started a few companies. The company that she leads is for flips, and the company that I lead is for rentals. We look at properties as a team and evaluate their potential through those two lenses. How...
Hi everyone,I am new to the forum but have been listening to Bigger Pockets podcast for sometime now. I am currently at a crossroads for selling or renting a single family home I own in Virginia. The house is 5 years ...
I am new the forum but have used BP for years. I currently own around 30 rentals, all free and clear, in the Houston area. In the past year and a half, I have grown increasingly tired of the in and outs of land lordin...
What are your strategies for income shifting? Long story short, I have a client who needs to support parents, and they can do some small "administrative tasks" in his business. What is the most tax-efficient strategy?...
Is it possible to avoid paying capital gains if i get a life insurance?I heard life insurance has 3 benefits1. It pays you 6%.2. Your money is untouchable.3. Tax shelter
Since learning that cash flow from real estate that was purchased from self-directed IRAs is taxed, and that I would not be able to claim depreciation on this property, what are the advantages to buying real estate wi...
In the beginning it wasn't too hard. The property depreciation would usually shelter all the income from my rental properties. Now that these buggers are getting paid off the income is increasing and the depreciati...
Hello all,Has anyone had an experience with a listing through AirBNB.org? Are there are any known tax advantages to giving your space out for free or for a discount?I have registered my listing through their nonprofit...
Good day,Wanted to reach out and get some feedback on a particular topic of cash flow. Since the tax season is coming to a close I had a question on how to shield or protect your annual cash flow from being considere...