Can someone explain something about the buy, borrow, die concept of avoiding income taxes? I understand that you don't pay taxes on borrowed money. What do you do with the profits from the company to avoid income t...
Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
I am really struggling to buy a duplex with conventional loans in my area. I've been beaten out by investors with cash in my area. Since I've been looking for almost 1 year, and put in 5 offers, my parents want me to ...
I just finished preparing my own personal taxes (LLC tax returns included). IT TOOK ME HOURS! Many people would be impressed that I do my own taxes and the money saved because I don’t have to pay another professional...
Can someone give me some insight on this? I have researched on the web but not fully understanding how you can become the owner through this process. Sites are making it seem like you can purchase these homes for pe...
Hi everyone, I quit my job last year around May 2019 to do a coding bootcamp to change career. I had around 40K in Fidelity 401K account and I rollover-ed to TDAmeritrade when I left the company. The current account t...
I'm just starting to invest in real estate and am wondering if I should just take the 23K to roll into a self-directed IRA or the +18K and use to fund my LLC for real estate after tax withholding? I'm finding that pu...
I was wondering what the tax consequences would be if a Roth 401k is transferred to a regular 401k or is that not possible? And what are the future ramifications when withdrawing from the 401k since part of it should ...
I'm in the business of finding Real Estate Tax Sale overages (a property owner, in this case, a now dissolved LLC, has defaulted on property taxes for 5 years straight, resulting in the county selling the property, us...