Steven Lipschultz
Getting set up to buy and sell notes, do I need an entity?
I am preparing (with the help of PPR Note Academy) to enter the non-performing note business. I plan to start fairly small, with the purchase of just a few notes. This looks good on paper, but of course I may turn out...
Robert Burns
Revising a Lease Option Agreement
I currently have a lease option agreement in place with the a FSBO seller and I typically assign these agreements for an option fee to tenant buyers who need time to obtain a mortgage to buy the property. However I a...
Chris Gottshall
1031 Worth It? Suspended Losses Exceed Cap Gain
I'm asking this question on behalf of a client who is selling a property where the total capital gain looks like it will be less than the suspended losses they have accumulated on their tax return over the years of ow...
Lindsey Kocher
About to put our first MFP deal under contract...what comes next?
Hi all! Our LLC is about to purchase a pair of adjacent duplexes that we plan to manage ourselves as part of our learning, as we are new to the industry. The would be our first "dedicated" investment purchase. List...
N.A N.A
Use 401K/IRA for a real estate purchase?
Hello. I am looking to buy land (not for primary residence) and I heard that you can use a 401K or IRA (or similar) to purchase real estate, or else loan yourself money from the 401K, or something to that effect. Is t...
Kyle McCorkel
Which LLC to use for a flip
I have done only buy and holds up to this point, and my focus will continue to be buy and hold in the future.I have two LLCs, #1 is more established with 4 rental properties right now. With all the tax write offs incl...
Account Closed
Ambitious 16-year-old with many questions!
Dear Members of the Biggerpockets Forums.Hello, my name is Christian, I am 16 years old and live in Norway. I have a girlfriend, she is a U.S Citizen and we share the same interest: to own a lot of rental units. We ha...
Matt Gooding
Looking for input from fellow investors on how they do taxes
New investor here who recently closed on my first 4 units. The 4 units are owned under a LLC that is set up as a partnership between me and my wife. I recently met with a CPA to discuss my tax filings for next year an...
Jarod Castaneda
Help with self-directed IRAs/401Ks
Good morning BiggerPockets Team!
Can anyone direct me to someone who can talk to me about self-directed IRAs/401ks and if either is a fit for me?
Thank you for any leads in advance!
Jarod
Justin Trudell
401K Epiphany?
I think I might be blowing my own mind right now..."conventional" wisdom says max out your 401k contribution to lower your tax burden. 2013 was a good year for my 401k balance as the stock market was red hot (i have a...