Andrew Flora
Cost Segregation Strategies
Hello all,As my portfolio grows I'm looking to become more efficient, especially in the realm of tax strategies. I have heard of cost segregation and bonus depreciation and I have a base level understanding of what t...
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...
Alfred Litton
Paying Taxes with LLC if You Don't Want to Take Profits Out
So my wife and I created an LLC with an EIN and are about to fund a company bank account with our savings. It's a multi-member LLC, and I know we have to pay taxes on the profits (minus allowable deductions for the bu...
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...
Mike Moran
Solo 401k for Real Estate Investor
Hi there! I quit my banking job over a year ago and now do REI full time. I am also a RE Agent, mostly for my own deals and for family and friends. I’m interested in learning if my REI income (Sch E) could be shielde...
Mike Rugh
Best Entity for Flipping and "Rolling Capital"
Hello,My partners and I are trying to figure out the best entity for flipping and "rolling capital". What I mean by that is reinvesting profits with no or minimal disbursements. A LLC taxed as a S-Corp seems to be ide...
Matt Marble
Tax lien / Tax deed
So I am new to investing, actually I haven't ever invested. So I have been hearing a lot about Tax Liens and was wondering if anyone from Michigan has ever done this type of investing? If so how did it pan out?Thank y...
Zachery Hitchcox
Expat Tax Professional
I am a US citizen that works out in Japan as an Expat Contractor for the US military. I searched around the forums and haven't seen any recent postings on this topic, but does anyone have any good recommendations on E...
Chai Jonn
Solo 401k Contribution Limits
Hello All,I have opened a Solo 401k Account last year. I have self employed income for 2018 and 2019. I like to contribute to both 2018 and 2019 this year. I have filed for extension for taxes for 2018. I am getting d...
Gregory L.
Rent it or live-in flip it?
Hi BP Community! My wife and I own a single-family home in a top school district. The house is a smaller colonial with 3 beds and 1.5 baths. While the interior is nice, the first-floor kitchen and bath are original fr...