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I am in the expansion process of my RE investing company and need to reduce my IRS Taxes.What is Best to use ? A. Roth IRA or Solo401k ?
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Passive Activity Loss Rules
If you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial. Passive activity losses are those ...
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Ok, so here's the situation: I've got 3 rentals, and I have an offer for a house I paid 79k for for 125k. I owe 72k, so that gives me 53k to play with. Taxes will be ~$6500, so that leaves me with 46.5k in pocket, fre...
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Hoping one of you great people can clarify something for me. Looking at bonus depreciation and wondering if it is based on the county assessed value or purchase price?We purchased a commercial building for $420k and t...
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Hello All,I am new to BiggerPockets and this is my first post. My question to those experienced investors our there is: If someone happened to give you 100K, what would you do with it? Thanks!-Chris
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Anyone have any experience rehabbing/flipping a property in Philly who applied and was approved for 10 year tax abatement?
I will be doing a 50-60K rehab on a property near 13/Oregon next month and realized I may qu...
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My wife and I just got done rehabbing a brick two flat in Ravenswood Gardens. All new electric, plumbing, HVAC, etc. We didn't touch the basement. The basement has a 7'6" ceiling and dedicated doors for both ingress a...
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Ok so here's the skinny.
My client owns a building and a business under an LLC.
He always gets calls about this other building he supposedly owns.
I checked the title for this building and it is under his LLC name....
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What caused the vacant schools?
Kansas City is not the only metropolitan city that has closed schools in recent years; Detroit, Philadelphia, and Chicago all closed a large number of schools as well. Unli...
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If you have your properties in a LLC and have separate business accounts are you only taxed on money you take out (salary) from the LLC? If there is extra cash that I could be pulling out as salary but don't and it st...