Is claiming foreign rental income on taxes much different than rental income domestically in the US? I couldn't find much about the topic on biggerpockets. I spoke with a CPA at a firm with a good reputation who was n...
Hey all,I am on W2 and curious if I can pay less tax by writing off the remodel expenses of a rental property (that’s is under my name).As an example, if I earn 80k, and I remodel my rental property by spending 40k. w...
I've posted once or twice about a small apartment complex. The building are in good shape, new metal roofs, the location is a growth area, a large part of the lot is undeveloped, never a vacancy, very good intangib...
Thinking about some creative financing that would be most beneficial to begin investing. I can borrow 10k through a 401k loan @3.75% payable back over 5 years or use money that I have in an IRA and roll it into a se...
I have a wealthy client that would consider selling me a building in the East Bay Area. Currently it’s in a trust that will go to a family member for a life estate. Once that family member passes it will go to charity...
Hi Everyone,
My partner and I have been working to really get a handle on our specific roles in our company.
Below are the list of the responsibilities that we have come up with so far.
Please feel free to sha...
Hello everyone! Im currently reading Rich Dad Poor Dad, and there is a sentence that I need a bit of clarification on. "On the other hand, my real estate strategy is to start small and keep trading up for bigger prope...
My wife and I own an LLC 50/50 and the LLC holds title to residential properties. To take advantage of lower interest rate, all banks require us to hold title in personal names. I was told transfering proeprty from LL...
Hello All,
Has anyone or does anyone know someone that has had to pay the owner occupant penalty for the Home Path First Look program? Either because they were not moved in before 60 days or because they sold...
Good Evening all. I'm getting into note investing and have been doing a lot of studying and reading trying to prepare myself as best I can. I was on Paperstac looking at notes and see several of them have "Escrow/Im...