Steven Morris
1099 Main Income - Can I offset it with my rental expenses
Can I deduct my rehab expenses from my 1099 wage earned at work, to offset my high income? I make 93$/hr (193K a year) on my 1099 and my wife makes around 95000 a year salary. I also purchased a rental home and I am g...
Mike Cumbie
Moving money to another LLC for startup
Hello,There are 2 LLC's. The first one does Fix and flips and has some money in an account (we can call it fixnflip LLC) that the members would like to put into another LLC. The other LLC has a different business mode...
Terry Portier
No LLC Corporate and Franchise TAX States
Check out these states competing for corporate business and registration:
https://www.myusacorporation.com/articles/delaware-vs-nevada-vs-wyoming.html
My state did away with franchise tax a while...
BJ Butler
Loan repayment going towards mortgage
In the last 3yrs, I have loaned a couple some money that has totaled approx $15,000. This includes cash and items charges to my credit card on their behalf. Yes, we have a contract and I keep the receipts. As we appro...
Jeffrey Rust
Would you compound $100,000 @13% or buy Real estate ?
I have been lending money to RE investors & earning 13% plus points sometimes.I am curious as to the pros & cons of continuing rolling my investment into other investors deals or starting to build a real estat...
Michael Harris
Free & Clear downtown rental property- How to scale up?
Hey everyone,
I inherited a great home (3/1.5) owned by the family since 1930 in a popular downtown area about 6 years ago. I have ran it as an STR through Evolve (with no great STR knowledge) and didn't clear more ...
Duke Giordano
Real Estate Syndications/Funds and Tax Implications
Hello All,
I am looking to dabble in the Real Estate arena and mainly looking at syndication deals as well as Funds that have tax benefits. My goal is primarily to diversify from the market more than a public REIT, ...
Luka Milicevic
401k, IRA, Roth IRA and other retirement stuffs
Was hoping someone familiar with the matter could shed some light on the matter.I'm 30 years old now. I will have the option of retiring in 5-7 years. I probably wont, but I will have the option. I've invested all my ...
Joel Bowen
Understanding how depreciation counts as negative income?
Hi guys, the following quote is from this BP article: https://www.biggerpockets.com/renewsblog/2014/10/2...Could somebody please help me understand this concept by giving a real life/hypothetical situation that makes ...
Jim Ballatin
How do I use my Roth account to invest in real estate?
Do I need an attorney to make the withdrawal from a Roth account through Fidelity?