Joel Schiffer
Selling a rental house and a vacant lot. What to do with the cash.
After sales i'll have about $300k. I'm experiencing analysis paralysis. If I want to save ~$60k in cap gains tax i need to 1031 into something. Or, should i just pay the tax and throw it into the S&P500? I fig...
Nick B.
Final K-1 and TurboTax
Do we have CPAs familiar with K-1 forms and TurboTax? I got a final K-1 from one of my investments (it sold in 2018) and don't know how to figure out my basis and sales price from the information provided on that and ...
James Park
$100k passive income club after expenses: What property type?
For those of you BP investors who at the $100k passive income level after expenses. What type of property class did you start out with and end up with to reach this level. I am also interested to know how many of you ...
Brandon Elliott-Pandey
How to get money out of your 1031 exchange! LEGALLY :-P
I had a thought the other day and after asking around from a handful of agents, seems like this is possible. I am a REALTOR and have property that I am interested in 1031'ing. If I pay a buyers agent fee and sellers a...
Ethan Allen
Should i rent or sell or refinance a free and clear 2nd home
I sold my primary residence, cleared out my IRA and purchased a new home free and clear in California. I own free and clear a 2nd home in Modesto that my nephew is staying in.So I just used up my 2 year no capital ga...
Jon Chittenden
Include your rent when house hacking a multi-family
Hello All - this is a newbie question, but should you include your rent in a multi-family property that you plan on residing in? Especially when evaluating gross income and cash flow?Are there tax or liability benefit...
Account Closed
Tax Saving Strategies in Real Estate Investing
As an experienced real estate-oriented CPA with clients that invest in most real estate markets, I often get asked for strategies in saving money on taxes that apply to clients investing activities. Here are some key ...
Melanie Baldridge
My opinion: 401K VS RE
Why I like investing in real estate more than 401(k)s.
Both offer tax deferrals, but here's the difference:
If you're making pre-tax contributions to your 401(k), then withdrawals = ordinary income tax.
With real e...
Benjamin Hall
First time buyer advice needed.
Hi everyone!I'm a Brit, living in the middle east and am married to an American. We have secured financing from the middle east in order to invest in my wifes hometown in Indiana, so from the buying point of view, we ...
Gail Greenberg
Advantages of 401Ks over SDIRAs in buying notes
Found out at #NoteCamp in a presentation by Tyler Carter from Nuview IRA that compared to a SDIRA, with a 401K, you can....1. Contribute up to $53,000 ($59,000 if you're over 50) in a year to a 401K where the annual c...