Adam Jaggers
Buying Real Estate to Offset Short term Capital Gains
Hello BP!I'm in a somewhat interesting tax situation this year and I thought I'd get some feedback on my strategy (having never done it before). I'll be selling a non-real estate asset (portion of a business) for a si...
Luke Siecinski
How to write off real estate education course purchased on taxes?
Hello!In 2022 I purchased a real estate course and am wondering if it's possible to write it off on my tax return. I have just one investment property that I rented out Feb-Dec of 2022. Other than that I am a full tim...
Mary Jay
Credit score 622- collection, can prepay, would you rent to her?
Hi guys,
I was wondering if you please would be so kind and help me out!
I have a prospective tenant, single mom who owns her own business with her ex husband.Her credit score is 622. But, she has few accounts, most...
James Sedano
IRA withdrawal to fund investment properties, can a cost seg help to reduce tax bill?
Hi all,
As titled.. I did a IRA withdrawal of 300k to buy 2 condos in May/June 2024.
I didn’t paid the 10% penalty fee.
I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from a...
N/A N/A
Investing In South Florida.
Hello.
I am investing in South Florida by Tax Sales, Foreclosure, and other distress situations.
I do have a website, and will post it her when I get to 10.
Here in South Florida, a huge caveat is municipal code e...
Adam Dorn
Do we have a forum for...
Do we have a forum for business entities? I am starting an LLC and I was wondering what types of startup costs people incurred, or accounted for?
I was thining legal fees, computer, office equipment, etc...
Any oth...
Raul Cesar cortes
strategically defaulting on 401k loan
i had a tremendous amount off losses this year, capital improvements. i was thinking about defaulting on 401k loan due to the amount of losses i incurred and will not affect my credit
Jason Aycock
Insurance Lapsing While Under Contract
Question: Seller contacted me and wanted to move our scheduled closing up by 10 days on some commercial property I'm buying. Their reason was said to be because the insurance is lapsing on the building one week prior ...
Dawson Hunt
Purchase and Sale Agreement to Title Company
In wholesaling, when you put the house under contract with the seller, do you need to deliver that Purchase and Sales Agreement to the title company at that point? Or do you deliver the A-B PSA to the title company at...
Sudhir K.
Income verification for Self employed with IRS Form 8879
I have a self employed tenant who has given IRS Form 8879 which is "IRS e-file Signature Authorization " Is it OK to use it since it does have the AGI from 1040. What do you guys think or any other suggestion for tena...