Evan Kline
Looking to start REI with portfolio Sale
Hey BP community-I've been educating myself the past few months and a deal presented itself that I'm making moves towards. A local investor is liquidating 13-14 rental properties and it seems like there is a good oppo...
Navid T.
Income Tax for Real Estate Developer
Hello Guys,Let's assume I managed to purchase a land for $ 100 k and I build a 10 unit apartment complex ( construction cost = $ 900 k), and let's say it takes me 2 years to complete the project (The ROI is 100%). The...
Ryan Howard
How to go about purchasing property from relatives of a friend?
So recently my friend tells me that his late great grandmothers house had been broken into and vandalized, the house is vacant and is owned by his grandfather. They want nothing to do with the property. With me curren...
Neil Copeland
Reducing Income Tax Strategies
Need some help from some seasoned professionals. I had a great discussion with my CPA today about a number of things that I needed to know, and she really tuned me up. I will have a solo 401k soon, and I already hav...
Bill D.
Solo 401K and employees
Hello BP Community,I to move my retirement accounts into a Solo 401K and I understand that you can not have full time employees and still qualify for the Solo 401K, so I have a couple of questions about this. My busin...
Frank Adams
Help please in the Greater Cincinnati area
I've got a bit of a situation. My mother in law (turns 88 next week) was recently put into an assisted living place by my sister in law. The problem is that "Mom" is a bit more capable than "sis" believes, she was jus...
Jeff Cooley
Trying to maintain health insurance while trying to be a full time REI
I am just curious as to how some of you seasoned investors maintain health insurance for yourself and your families? Are most of you "risking it", have spouses with insurance, paying outrageous deductibles ? I am stil...
Mike Moran
SEP IRA - disregarded entity?
Good morning BP!I work full time and have a 401(k) through my employer. I also have an Roth IRA personally that I contribute to. However, I utilize a disregarded entity to own and manage several small apartment buil...
Timothy Lantry
Laid off because of Covid-19 virus just before retirement.
Happy Easter bigger pockets members! So this is actually happening to a close friend of mine. I am not exactly sure what direction to point him in, so I thought I would open it up for discussion here. He is 67, blue c...
John Brackett
Live Deal - Need Alternative Strategies
Tax Question (two scenarios) - Question builds so please read all three bullet points and provide feedback:
1) Capital Gain – seller purchases a property for 40K. 20 years later property is fully depreciated and se...