Aaron Laster
Are The Properties That We Flip Subject to Self-Employment Taxes?
Disclaimer: I am not a tax professional, and you should talk to yours about the tax strategies that would work best for your situation.Flipping properties has been one of the most popular ways to profit from real est...
Ben Hudman
Should I be an S-Corp for flipping?
Hello! We currently have three houses that we are in the process of flipping. I was wondering if I should file the form to make my LLC be taxed as an S-Corp? I see varying answers to this question. My main goal is to ...
Megan Hirlehey
Strategies for Tax ithholdings for the Self-Employed
Those of you that are self-employed and therefore responsible for withholding your own taxes, how much of your earnings do you stash? Are there any strategies you use to earn a decent (but safe) return on the money yo...
Rahul Sunkavalli
Roth 401K and Roth IRA
Working full time while attempting to invest. If my goals are to leverage RE for financial freedom, should I still max out retirement accounts?
1. Roth 401k vs 401k?
2. Open a Roth IRA as well?
Trying to figure out...
Kate Kratochvil
What can I do with $3,500?
I have a real estate photography business, and I save for taxes , and I was thinking about my small amount of savings and possibly putting it to work in the investment arena. I know it's a very small amount, but I ...
Sumit Sehgal
Protest Property Tax
Hello all,I received my property tax bill for 2022 (Bexar county in San Antonio).My property tax is significantly higher this year than the last year which has now made the property's cashflow negative.Anyone know of ...
Justin Smith
Checking/Savings Separate Accounts per property???
I'd be really interested to hear how everyone separates their checking/savings accounts as far as for rental properties and also for saving up for the next investment? Do you prefer a single account for each property ...
Angela Venger
What can I write off for my STRs?
We recently bought a house and are operating it as a short term rental. We installed a hot tub, the hot tub itself cost $12,600, along with concrete, electrical and yard work that is another $5k - $6k. We also install...
Bruce D. Kowal
Being clever when dealing with IRS and State at the same time
IRS CP2000 Notice: Why Real Estate Investors Need to Think State & Federal
Quick story that could save you thousands in tax exposure...
Had an investor client who received a CP2000 notice for unreported rental i...
Wendy Stclair
Cost Segregation? Worth it?
I've been hearing the hype about Cost Segregation for a while and I wasn't sure i was a candidate. Still not. My w2 income wont be over $100k for 2022, I will hopefully be considered a RE professional and i had 5 prop...