Anthony Wick
LLC Partnership Tax Question, with a nuance...
Situation:LLC formed with 3 partners, with one of the partners self managing the rentals. The partner that is managing the rentals will be paid 7-10% of rents each month, much like a hired Property Manager. I know the...
Jason Thomas
Capital gains rate for condo sale upon retirement
hi all,My question is in regards to capital gains. I was thinking of delaying a sale of a long term rental upon my retirement from my job. If I do this in my first year of retirement with no earned income what is t...
Jeff B.
what is an accredited investor?
According to investor.gov: What does it mean to be an accredited investor?Under the federal securities laws, a company or private fund may not offer or sell securities unless the transaction has been registered with...
Nick Rutkowski
Using commission to leverage deals
Hello,I am a licensed RE agent and I was wondering if it was possible to use my commission as a way to leverage a deal or part of a deal to get a house. If possible, how would I do it? Thanks.
Sattir Bitti
After 10 door am I over invested in real estate?
At 55 years BP inspired me to get into real estate. Now I'm at 10 units in duplexes/fourplex( with a decent cash flow of 2K/month). Even
though I have ~500K in 401k, I feel most of my investment is in real
estate ...
Humberto Padilla
Tax Questions
Hello ladies and gents. My name is Humberto and I am back on Bp. I got my Real Estate License recently and I want to know what entity I should as a Realtor so that I can pay less in taxes at the end of the year. I alr...
Chip Chronister
Opening a ROBS Account
I would like some advice about a robs ira I have been told that you have to be an active investor but what is the definition as an active investor mean? An IRA specialist told me that he has rentals in his robs accou...
Adam Frantz
Money Management for Tax purposes
I have been doing a lot of research lately on accounting. I plan to open a separate set of bank accounts for my investment properties (I currently have none): one checking for operational expenses, one savings for ten...
Abdenour Achab
How do you report income due to discount element in TurboTax ?
Hello,I am doing my taxes right now and, under the "PERSONAL" category, I see "Interest and Dividends", under which there is "Interest from Seller Financed Loans". I reported the interest I earned from my notes there....
Nicole A.
LLC tax refund mixed with your personal tax refund
I wanted to know if I'm the only one that asks this of my tax guy.Since our LLC is a "pass through" type of entity, any refund during tax season is put on our personal returns. Each year, I ask him how much of that re...