We are looking for outside state investment , does anyone know what we have to pay for the tax if it is outside state invest for Orange County CA?
Hello BP. I have a conversation going with a seller who has multiple rentals. I made him an offer on one that would work for both of us. He didn't balk at the price but told me tonight after a conversation with his a...
Hey all your savy investors out there, I have officially completed my first "BRRRRRRRR" after 2 years. I did all the work myself and what a learning experience it has been. I was able to take the annual gross rents fr...
About two years ago my accountant mentioned "Captive Insurance" as a way to avoid paying a lot of taxes. When it seems too good to be true is usually is...blah,blah,blah, so I switched accounting firms (I had other re...
Hello BP family!! I have been reading a ton of books lately just like @Jesse East (Tax strategies for the Savvy Real Estate Investor & Advanced tax strategies...) I have been anxiously awaiting my turn to talk to...
If I sell my rental before the 1 year mark, do I get hit hard on tax? can I 1031 it?
We were leasing to own a property and found out the owner did not pay her property taxes and went into a tax lien sale and was bought, she has a year to take care of that, but then we found out that she had irs taxes ...
Hi Folks, We have an Advanta solo 401k, took the self administered version. IE check book control, EIN + bank account. Own a bunch of rentals, have done this for many years in an Equity Trust SD-IRA (YUCK!) now happ...
Do you believe that we should be willing to pay more tax to help house the homeless?I'm going to ask again in a minute, but first am going to tell you about 2 of my properties.Rental 1.I've owned it for 4 years wit...
Hey BP family! I am really needing some advice on this and I hope that I can explain it well enough for you to be able to answer my question.So my situation is that I am self-employed (Realtor) and the last 2 years I ...