Hi there. I am 26, and am new in investing world. Wright now I am studying about tax liens and tax deeds and one thing I don't understand: when you buy tax lien certificate, you become the owner ot that tax lien, but ...

I’m 26 and I’m all about personal finance and investing. I have a good amount of money that invest in stocks and I also max out my Roth ira every year. My job provides a pension and annuity for retirement so this woul...

Hi All,My CPA is advising that I have my LLC be taxed as an SCorp because I'm an active participant in my fix and flips.  To clarify, I have a multiple member LLC (me and my husband).  In that LLC, I make some private...

We are getting ready to set up our LLC and are wondering if anyone from California has opened one in another state to get around the large yearly tax of $800 in our lovely state. We have been advised by an attorney to...

Hey all, I have a very high level tax strategy question / hypothetical as a sole proprietor LLC.

Let’s say I own a place worth $100k. After expenses, I net $15k in cash flow at the end of the year.

I then take tha...

In another thread, @Chris Seveny and @Tracy Z. Rewey mentioned that investing for passive income in notes (performing notes/monthly cash flow) isn't great from a tax perspective, and you should use that in a tax defer...

Hello, I currently own 6 SFR properties in Bakersfield CA and 3 SFR properties in South Carolina and am looking for the best advice on how to structure a partnership.  I own 3 in Bakersfield on my own, and the remaini...

My daughter is 11 and I routinely have her with me while I'm stopping by my rental.  Problem is I'm running out of ideas on jobs I can say she's hired to do.  Looking for ideas and thoughts from anyone who's done it. ...

Owning rental real estate offers many tax advantages. I don't think anyone that has looked into the strategy for more than 15minutes would be surprised by that.

However it does drive me crazy when pe...

Through my former jobs, I have about $40K in retirement accounts just sitting there (my current job doesn't have a plan). I have about $10K in savings right now. I am considering cashing out on my old retirement accou...