Would anyone have more information on how to use a 401k for investing? I've read in the past you could use it for downpayment with less tax implications. Is that true? In general, has anyone had experience using their...
Hi investors,
I am selling a property that is under my personal name and buy property which is hold by my LLC in New York who's memeber is another LLC that I own 100% it's share.
Is that allowed.
Anyone has a ver...
Hi,I have a property that I am supposed to close on Monday, but apparently the owner hasn't been paying property taxes on it, and it has been seized by the tax authority to be listed for sales. Has anyone experienced ...
HiI have W2 income and short term rental income reported on Schedule E. I file jointly with my wife. Has anyone figured out a way to leverage AB150 SALT tax workaround in this situation to pay California taxes? May be...
My wife and I both have W2 jobs. We are currently in the process of refinancing our rental properties. After we refinance, the mortgage and deeds will be in one of our individual names (versus formerly in both), but ...
I am new to this forum and would like some advice i am a wholesaler and this is my first year in business recently open an online IRS Filing account and upon filing my return i received this profile of folks within my...
Hello everyone, my name is Rich Mohn and I am a resident of Illinois. I am a frequent "lurker" on BiggerPockets! I do appreciate all of the tips that you can pick up on here, it really is a very useful site.
My sit...
I converted my primary residence into a rental property three years ago. Last year, I completed a 1031 exchange, where I exchanged that rental property for two new residential rental properties. The overall gain on th...
I have a wholesale deal in the Atlanta Market, but seller wants Seller Financing to close instead of traditional full cash offer due to large “Capital Gains Tax”.My question is can I position this deal to an end buyer...