Kat Rathell
Selling rental - capital gains tax?
We bought a duplex 7 months ago intending to rent it out. It was bought for cash from our home equity loan. We have now rehabbed the lower unit and found a tenant. They are moving in in 2 weeks. The upper unit will b...
Nathan H.
Complicated Capital Loss/Gain Question for all of the tax wizzes on here
Hello BP!I'm trying to file 2022 (I know, I'm late) and I have a question on flexibility in deciding when I can use capital losses. I want to take advantage of the 0% LTCG rate up to 90k-ish MFJ + standard deduction, ...
Jeff Brower
Paying yourself 3% commission on personal property purchases?
Good morning everyone. I would like to get some opinions on a situation that I have been contemplating regarding personal purchases. I am soon to be buying a 3 or 4 plex to owner occupy with an FHA 3.5% down loan. I a...
Scott Pierro
Can an LLC be used to circumvent reserve requirements?
Hi, I'm currently operating 7 properties all financed through conventional loans without an LLC. I'm considering an LLC this year for the 20% tax bracket for pass throughs from the new tax law. I plan on moving my fin...
Adam Merrill
Withdraw money from IRA for down payment to start REI?
Hi BP Community,Would you withdraw money from an traditional IRA account to fund a down payment on a multi-family? I recently made a career change and rolled my 401k into an IRA and started a new 401k with my new emp...
Marie Jensen
Pay off "second home" with inheritance
We have a second home where one of our adult children is living. She is unable to pay rent (long story but may never be able). Right now we are paying the mortgage of $1,000 a month at 4.125%, with a $188k balance. I ...
Brian Plajer
One LLC or an LLC per property?
Hello, My wife and I have three condo's in Charlotte, NC. We have them all under one LLC equal partners (25% each) with my brother-in -law and his wife. We just set up the LLC last year (properties purchased within t...
Steven Choi
Taxable Income VS Cash flow
Hey everyone, New to investing in real estate. Been listening to and watching a lot on real estate investing but a lot of the content is US specific and I'm trying to verify this with seasoned investors for Canada. I ...
Darci Minshall
Should I flip or rent out my first property?
I am struggling with what to do with my first property. My plan going into it was to renovate and rent it out. BUT there's room for a good amount of profit ($25k) if I flip it. I could really use the start up capital ...
Jonathan Doescher
Pension and 401k Options
I have a pension and 401k from a company I just separated from. My goal is to make enough passive income to “retire” in my 40’s ( 7-10 years) My wife and I are still employed, but my wife no longer can work overtime.W...