I've been investigating doing real estate investing out of state, since where I live (Massachusetts) is not only an overpriced real estate market but notoriously landlord unfriendly and hostile toward small business i...
I’m a first time investor and I was wondering if I can use my traditional IRA with Fidelity to invest in Real Estate? There is an opportunity I’m looking into but it seems when I research on line about using my IRA it...
Say I'm a freelance consultant in a non-RE related industry where I bring in a lot of income but have very little tax deductions. Say I also have a rental property that is generating low income but it has a lot of tax...
My partner/rock in roll sista @Colette Chase and I bought two properties this year and wondering how to best setup our company structure for best liability protection, tax benefits, etc. We just registered an LLC in ...
Hi BP Family,I live in California and am about to start investing out of state. I have a CPA that I've used for years but when I brought up the investment to him he said my wife and I combined make too much money so t...
Hi Guys! I am new to the Bigger Pockets Family. But I am in great distress seeing how much taxes are deducted from my W2 income. I need help with understanding how to reduce my taxable income strategically through s...
I know some landlords that manage their own properties and collect their rents personally. I know some that record this income on their taxes and some that don't. Should landlords file rental income on their taxes or ...
Hello,Wanted advice from BP. I am a big reader over at various 'retire early' sites (Money Mustache, etc.), and have a decently high savings rate after tax. I am trying to maximize my tax savings through real estate...
💡 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 am looking for some initial advice (prior to hearing from my CPA) concerning the use of a self directed 401k to purchase and operated a multifamily real estate unit. My primary question is one of "business" or "com...