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When I watch TV shows about flipping houses and the big profits they make, I wonder if they are paying taxes as the go, or using 1031 exchanges on every one. My wife is a realtor and about half of what she makes goes...
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Please for give the newbie question, and if the answer has already been posted, please just reply with a link to that thread if you would, please.
I own a small business (LLC with 35 employees) currently, and it has...
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Hi guys, I wanted to get some outside opinions on something I’ve been thinking a lot about over the past year or so. I have a goal of reaching financial independence by 30. I am 25 years old, married, have a mortga...
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If you had a choice to use money from a Roth SDIRA or money from a taxable account, what would you use? Do the tax benefits of using taxable money out way the advantages of tax free income with a Roth SDIRA?
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I owned a land overseas which I recently sold. The land was a gift from my father. I do not owe any income taxes in the country because I owned it for many years. It used to be my home country where I was born. Howeve...
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Hey BP fam,
Hoping to reach some savvy investors with this question. So I decided to close my old 401k from a previous company. I was going to move it into an IRA.
When I talked with my IRA rep he says I shouldn’t ...
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My uncle and I bought a building together and after a minor renovation we're flipping it for a decent profitWe're 50/50 partners on the project (we contributed equal shares of the capital/expenses and we'll take an eq...
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Anybody investing in tax liens/deeds?
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I am noticing quite a few homes that are 2-3 years past due on their property taxes and none of them are mortgaged. They are up for a tax deed auction because they have 2-4 years of tax liens and some are rented out t...
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Hello, I'm a newbie in this site and real estate investing. I have a question for all you professional investors. I want to know the best way to setup my company in order to make the most money and pay less taxes. I h...