Brandon Stanley
Tax question about out of state of inherited property
Hello!I am in the process of doing my taxes and I am currently just using Turbo Tax (not the best, I know, but I have been struggling to find a good CPA). In 2022 I inherited a property with my brother. We sold it bel...
Kenny Caudill
Private lending taxes
Hello. I’m trying to figure out if private money is used for land flipping and when I sell and have the private lenders original loan plus interest. How is that structured via taxes? Would I just write off the origina...
Tim Ball
A couple questions on tax lien investments
Lets say the interest on a tax lien you purchase is 12%. That 12% is annual interest rate. Lets say the lien you bought was $10k. If the homeowner pays the tax lien off in 3 months, do you still make 12% on your mone...
Cody Burckhardt
What to do with profit from selling a rental property?
Hello, I am in the process of selling a property in Indianapolis, it was purchased as a primary residence but have been renting it out the last five years. I live in Minneapolis and its been a hassle to travel for rep...
Adam Roll
Paying myself W-2 vs other options
Hey BP!Switching careers and taking over a profitable property management company. Tons of room to improve and expand the business so I am almost certain it will be profitable for the foreseeable future.My main questi...
Christian Bukle
Bigger Pockets Introduction Post!!!
Good Afternoon Everyone,My name is Christian Bukle, and I’m excited to introduce myself to you all. My journey has been anything but conventional, but it has shaped me into who I am today. After high school, I pursue...
Jacob Holler
What would you do?
Hey All - I have a property in Charlotte NC I purchased a little less than 2 years ago. The remaining balance is a bit under 140k and now homes smaller or around the same size are selling on the same street for 250k...
Ethan Bruland
Self Directed IRA
I've read through some posts, but I can't seem to find the answer to my question. I am a real estate investor concentrating on buy and hold properties. I am intrigued by the self directed 401k. I currently max out ...
Ganesh Rao
Deductions
Any one have experience with deducting rental expenses against ordinary income (not just rental income). I know there are rules regarding active versus passive investing and there is a cap (MAGI) but if one is over th...
Denise Evans
Alabama Tax Lien Sale Auction Season
Shelby County, Alabama kicked off the spring tax lien investing season with a bang on March 27, 2017. The big investors bid down redemption income to an average of 6% but that's still a respectable return in today's ...