I have 2 young kids and therefore have two 529 accounts.  Each has a fair amount of money in them. After doing some research on the flexibility of a 529 as compared to a roth, I have decided to open each kid a roth ir...

Help,We have owned a rental property with my parents for 10 years and they decided they wanted out. We originally agreed to pay them $25,000 a year over four years, BUT they played hardball when the market went up in ...

I live in Southern California where we're lucky to have a number of long-running investment groups. No matter the topic, I enjoy attending meetings to meet other investors face to face. This week I've been busy - atte...

TAX QUESTION!I am partnering with an individual to do a live in flip. I would live in the house for at least 2 years (to avoid capital gains tax) before selling. My partner would not be living in the house. Will he al...

I am not an accountant but I about ready to hire one as I now own my 3rd SFH.  Last tax year I only had 1 SFH and I learned a lot about what's taxable and what's not.  The basics of deducting my itemized expenses and ...

I know that I will have to file state income taxes due to the various K1's on RE equity deals.  But, some of these investments are in states without individual income taxes.  I am investing as an individual investor a...

If two individuals own a rental property together as joint tenancy in common with right of survivorship, how would they report the income if they file taxes separately?
For example, assume the property is owned free ...

Lived in it from2013 to 2015, then rented it out until 2018 at which point I moved back in for 2 years. Total time rented, about 4 years, total time lived in, about 4 years.Bought 145K plus 5K closing costs, sold 416K...

Hey All, I have a home owned in a Solo401k (setup through Sense Financial), that I may plan to do an "In-Plan Roth Conversion" in the coming years. With this is mind, I want to make sure I understand the total wealth ...

First, allow me to introduce myself. My name is Shane Griffin and I am an investor currently living in Bryan, Texas. I have one rental property (which I will discuss below) and I am currently living in a fix and flip ...