Christopher Butterstone
Tax question - owning home vs still having a mortgage
If i own a house (no mortgage) and rent it out for 1600 dollars. Is that 1600 dollars considered income and have to pay taxes on. Vs if i had a mortgage and 1000 of that 1600 goes to my mortgage and 600 goes into a “r...
James Christophe
Tax Delinquent Property
STATE OF FLORIDA!If I purchase a tax delinquent property, took care of the back taxes and paid the owner a certain amount of cash for it. Is the property foreclosed and automatically mine? Or will the owner and the ba...
Brandon Leslie
New invester in the Pittsburgh Pa market
Hi my name is Brandon Leslie i am a newbe to BiggerPocketsI am trying to get started in the Pittsburgh PA market i am trying to network and find help to realy learn real estate investing I have one rental property...
Stan Hill
SDIRA vs. SD401k for an employed person
I did a search and didn't see this specific situation covered. I am hoping to find some insight on this.We currently have a SDIRA. It has worked out well. However, there are a few limitations that have led me to resea...
Account Closed
Buy or sell rental property to buy another one?
Hi there,I have the opportunity to buy a rental property outright but I would need to sell an existing rental property that has some equity but isn’t yielding much in monthly profit. I’m thinking that to really start ...
Al Bryant
Based On No Loans or Leverage
Hi I am relatively new to Bigger Pockets and getting serious about Real Estate in general. I am looking for my first deal and started doing analysis using the Fix and Flip calculator. The report specifies ROI and then...
Adam Sankowski
Refi rates and seasoning period question
Hey I'm an investor in the KCMO - Kansas City MO, Independence MO markets and wanted to see what people are getting for Refi rates? Any recommendations on banks or lenders?
Also what is the seasoning period these ...
Elizabeth Moore
LLC with an S Corp election
Hello, I hear that choosing an S Corp election on an LLC is the way to go to avoid extra taxes like self employment tax. I already have an LLC. Do I need a CPA to file this election for me?
Doug Williams
primary residence tax ememption, sold in LLC
Curious if anyone has tax advice if a primary residence was lived in for 4 years, converted to a rental and placed in LLC for a year, then sold. Is the gain subject tax or can it fall under 2 of the last 5 year rules...
Matthew Carlin
New member in LA - hello!
Hi there,
My name is Matt and I recently moved to Los Angeles after 12+ years in Brooklyn, NY. I inadvertently became a landlord in the process because I still own a condo in Brooklyn that I now rent out. (I'...