Megan Hirlehey
What to do with Interest Earned on Security Deposit
Hi BP Community,My tenant's security deposit earned about $9 in interest this year. He is moving out at the end of the month, and assuming he will be getting his full deposit back, what do I do with the interest? I pr...
HJ Wang
self employed 401k contribution when net loss
Hi, if my self-employment, single member LLC is at net loss this year, and I am the owner, can I still contribute to my solo 401k? I understand I can't make the company contribution because of net loss, but what about...
Matt Denton
Should I do a 30 year or 15 year note
I am about to purchase a rental property and I'm not sure whether I should go for the 15 yr note or the 30 yr note. The difference between the two mortgages is $245 per month. I plan on purchasing many more prope...
Max Mavec
Getting a mortgage when living and earning outside the US
Hello everyone,I am a US citizen who lives and earns my income outside of the United States. I am working on starting my real estate investment path but I have run into a snag related to lending and mortgages. I have ...
Michaela Pacesova
Taxes on Land Sold Overseas
I owned a land overseas which I recently sold. The land was a gift from my father. I do not owe any income taxes in the country because I owned it for many years. It used to be my home country where I was born. Howeve...
Michael Meegan
My CPA is using my Passive Activity Losses to write off my non-passive income????????
I don't know if my CPA understands and is preparing my taxes correctly.I love her and want to grow my business with her, but I need some knowledge so I can have a good conversation with her.Here's the scenario:In 2022...
Hong Kim
Rent Existing Home - Pay Down New Home
Paid off our existing home in 2023. Just purchased a new home and will close on that home on 8/30/2024. Was hoping to rent out our existing home and use the rent to pay down our new home mortgage faster. Assuming w...
Colton Joseph
Capital gains tax scenario
Lets see if anyone can help me with this scenario as I may face it in the near future...For scenario reasoning lets say I am typically in the 10% tax bracket.I purchase a lot on January 1, 2016 for $18,000 and start t...
J Adams
Interest-bearing security deposits
I have looked into the subject of interest-bearing security deposits and I have a few questions about the setup. So in California there is no law that requires this. I am asking because I view it as a benefit to the t...
Clifton Prescod
WHAT TO DO WITH YOUR EARININGS???
I know we are grown and "can do whatever you want with your earnings", but one thing I see a lot on youtube, forums and such, is the omission (knowingly or unknowingly) of advice to young investors who have earned the...