Hey guys,
I have a two part question
1. Is passive income not taxed because it isn't earned income??? Or why is it tax free?
2. If you have a rental that is producing passive income. And you sell it, do you owe tax...
I'm sure it's been discussed before but I'd like to tell something I see (correct if I'm wrong):a 401k loan should be among the last resorts for borrowing. reason being is you pay it back AFTER taxes. if you live in ...
Hi,
I am new to the real estate & investment world and could use some advice. I am in the process of selling my first home (a small condo) and will hopefully have a nice chunk of equity. Considering the curren...
Is it possible to transfer traditional ira funds to a self directed roth ira?Thanks for your help!
I was introduced to the world of passive real estate investing through syndications and there are many benefits that to continue to be shared, including bonus depreciation. I’m new to this world so I don’t fully unde...
Looking for some clarification on this. I was recently told by a financial adviser (who is not an active RE investor) that the capital gains on my rental property would be taxed at 100% and would not qualify for the c...
HI BP Members!I currently own a retail business in Brooklyn NY and am ready to expand my investments into real estate. OOS multi-family is the goal. I'd like to take the first step of getting an idea of what I could q...
Hi, I have 17 unit rentals and I have set up a S-corporation acting as property management company. The average property management fee in my area is 10% of the rent collected. How much should I pay to my corporation ...
Hey everybody,
My name is Kay and I am completely new to real estate investments. I'm from Irvine, CA and currently working a 9-5 job while saving capital for the first investment property.
My goal is ...
here is the situation -Seller can't make mortgage payments on her house and is soon going to be foreclosed- seller owns a rental free and clear- seller wants a loan... She does not want to sell.. She thinks (hopes) to...