I'm in a syndication that pays monthly distributions but will provide a K1 with paper losses due to depreciation.I am looking to do some private lending where I would be receiving a 1099-INT from the borrower on inter...
Newbie here. Im fascinated with the depreciation aspect of real estate and I have a question.Lets say I own a few different non-real estate related businesses. And my earned income from those businesses equals about $...
Hi I am setting up an LLC and transitioning over from W2 employment. I have a company 401k and an IRA. I set up a Merrill Edge 401k which looks to be really expensive and not what I need. I set up a ubiquity solok but...
I'm currently unemployed and have an open Roth IRA. I have just rehabbed and flipped my first deal. I wanted to know if Im able to make contributions (monthly when I was employed) to the IRA since I'll eventually be...
I own & manage a Rental Office Building & have a LLC to manage all related affairs.Can my LLC open a Individual 401k for retirement savings ??Thanks
Any experience with this product offering? Is it worth it? 2500 to set it up and the 400 a year maintenance fee. Allows me pull money out IRA and invest it into real estate.
Just wanted to see what everybody's thoughts were. I'm working on a deal right now on a second rental property that if I complete it, I'm looking at around $1,100 per month in cash flow after expenses. My thought is t...
💡 There are three major categories of income recognized by the Internal Revenue Service (IRS):
📌Portfolio Income
📌Earned Income
✅Passive Income
Nearly everyone is familiar with earned income. It is the income you ...
I withdrew money from my IRA and it will be taxed as ordinary income. Can I use Rental property losses to offset the taxes owed from this withdrawal when I file my taxes?
Hi all,I just joined and hope I am posting in the correct forum.I plan on buying a one acre lot near where I live to build a house on and then to sell it when it`s completed. My question is will I be taxed heavily on ...