Denise Frazier
IRA that is not Self directed to purchase rental tax question.
So I bought a property using money from an old IRA. I didn't do the self directed since it was only $20K. The setup cost along with the yearly fee would be more than the 2k penalty for using the money. Here's my quest...
Debbie Pelloski
Question about evaluating a deal with prepaid taxes
I'm a newbie in Michigan and property here requires, so far as I've been told, 13 months of prepaid taxes. I'm wondering if I should be figuring that into my cash in cash return since I will need to bring it to close,...
Rylan Zwanziger
Wealth Ability- formerly ProVision - Tom Wheelwright
I'm looking into some better guidance into tax planning and a new CPA as I grow my real estate business. Has anyone worked with Tom Wheelwright's ProVIsion or now Wealth Ability? I had a consultation with them and ...
Julio Gonzalez
How to Utilize R&D Tax Credits in Your Manufacturing Business
While we know that many manufacturing companies face tax concerns, there is a potential solution. Companies may be eligible for R&D tax credits while being unaware that they qualify. This can be a wonderful tool t...
Robert Johnson
Has anyone purchased Kai Andrew's landhacking program and if so was it worth it?
Just as the title says, I'm curious if anyone has purchased that program, how much did it cost (the lite program is $2500 but the main one isn't priced) and was it worth it? Or is there another free resource somewhere...
Jon Huynh
MLS Tax Auction Help
Hi guys, I'm looking at going into Tax auctions in Michigan soon. I've been told that there are separate listings to those who deposit 10k refundable than those that do not. I've done flip homes and turnkey doors in t...
Account Closed
Tax Rates on Rental Income
Greetings All,
I am new to the real estate investing world, planning to make a purchase this summer. I was curious about how rental income is taxed, specifically in the state of GA. Does anyone know the current rates...
Dooreuhn Cee
FLIP OR HOLD? When does a rental turn into a flip; when does a flip turn into a rental?
I'm working on a SFH rehab that was intended to be a long term rental. Without going into details about why, I ended up making the house nicer than expected of course spending more than expected (about 100k total [50...
Victor Lee
Foreign investors tax liability in a syndicate or a fund.
I have two friends living abroad who want to invest with me. One of them has a green card, and the other does not.
Both are in India now but used to live in the USA.
Assuming I follow all the securities law and regu...
Neil Henderson
Income Tax Expense
For those properties with positive cash flow; I wonder how many of you set aside a certain percentage each month to pay for income tax.
If so, I'm curious what the average is.
My wife and I currently have an AirBnB ...