1. It seems like taking advantage of depreciation and all of the tax benefits of real estate are lost if your income is >$150k, unless you are a "real estate professional", right?2. I've read a lot about legal enti...
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I just finished reading The Fair Tax Book by Neal Boortz. It seems too good to be true but let's say it is accurate, it seems like now would be a fantastic time to force the issue when we've got such a gigantic defici...
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Still working on finding my first deal but luckily have found my market ! Now i have been tasked with helping my mom invest the money in her 401k account, I was wondering if there was a way to be able to take out 100%...
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I've been talking to several investors, attorneys, and CPAs over the past 6 months about this, including Mark Kohler and Anderson Advisors (Clint Coons' company). I have yet to choose who I want to go with as my atto...
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As someone who has paid to go through multiple real estate training programs and mentorships, I'm curious to know your thoughts on what I have experienced, observed, learned, and discovered in the past few years. Here...
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Here's my simplified as possible scenario:
in 2011, I set up LLC, bought and sold flip title in LLC, LLC made 25k profit on sale of flip. Took 25k out of LLC account and put in my personal account. Towards end ...
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Hello Everyone,
I am actually relatively new to real estate, but my father actually owns 4 properties under his name. He wants me to take over the business and I have been following Bigger Pockets podcast to learn ...
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Hey bp family I’m Zachary I’m a beginner a week in to be exact but I took my first shot at at a FH a loan unfortunately due to the lack of income I brought in I didn’t get approv so I look for other options and ...
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Hi all! Does anyone have experience with renting spaces to companies? Such as for company events/retreats, photo shoots, etc.
I’m trying to run numbers and am struggling with how to gauge hourly rate, vacancy etc.
I want to dissolve my LLC where I am the sole owner with one rental property.
- What are the tax implications if I were to transfer the property to myself?
- What are the tax implications if I were to transfer the...