John Jabson
Inflation?
This is such a basic question, but I don't quite understand the basics of it.
If my income increases by 3.5% per year (that's my current raise per year per our contract) and inflation has been between 3-5% pe...
Brandon Holtzinger
401K at work or rental property?
I was listening to the Lifestyles podcast and he said that people investing in real estate should not invest into their works 401K but invest in rental properties. Lets just throw an example out there. If you were loo...
Ilana Lavie
holding notes in different states under one LLC
Hello all,I'm new in the notes business and I have an opportunity to buy a pool of 4 notes in different states. I'm wondering whether it's possible to keep all of them under my LLC which is in Florida. It means that I...
Luis Barrios
Forming an LLC in Rhode Island, advice and best practices
Hi all,I will be creating an LLC in the next few days and will be filling in the state of Rhode Island. I've been in contact with an attorney and a few accountants as how they recommend I file, but wanted to ask seaso...
Melanie Baldridge
A quick mini guide on Bonus Depreciation
The tax benefits of bonus depreciation can lead to massive savings but losses won’t help one bit if you can’t use them.
Before you buy a cost seg, you need to know the rules:
Tax all starts with the types of income....
Jason Smith
Must I pay Self Employment tax from doing part time RE
In the midst of doing taxes this year my CPA says she feels that I need to file as Self Employed because of the amount of time I spend doing RE. I only do this part time and have a full time earned income job. I fl...
Brian Versetti
LLC and Taxes with regards to rental property
Hello to all, I am relatively new to owning and renting out property so any help here will be much appreciated! I have rent that comes in for one part of my building and before too long I should have additional rent ...
Alvaro Leis
Make some money on first property what’s next?
Hello,
I just sold our first property, it was a rental and I was fixing it to rent it out but I receive a good offer and couldn’t refuse it. Now I don’t know what to do next, I was planning on buying rental propertie...
Helen Fletch
Non-judicial foreclosure vs. no foreclosure and taxes
I don't know if this is the right forum category, but here goes:My brother and I have an inherited piece of property. My father sold the Note and became the "bank" back in 2012 to generate income to pay for medical ex...
Jeremiah Gaviña
Taxes on intest made?
If I loan someone 10K at 10 or 20%. Interest. Am I taxed on the interest made? Do they give me a 1099 or how does that work? Thanks