DL Martin
457b to SD IRA (real estate) ?
So I discovered that I have two 457b accounts (from a prior job that I had) that combined equal $30,000.
I turn 50 in October and can withdraw the money without penalty and simply pay the tax at my normal income tax...
Mary Jay
What is the best entity to hold real estate- taxation wise?
Hey guys, Could you please help me out?Lets say I have one paid off property, if I put it into a trust- taxes seem pretty high...So its a no go...1) If I put it into a one member LLC then taxes are paid by the LLC own...
Dina Schmid
Buying Parents' Home - Ways to reduce costs and hassle?
Husband and I are considering buying his parents' home and I have some questions about this and would love any feedback on how to minimize hassle and our costs. We're doing this for two main reasons: 1) Prevent his da...
Armell Mayers
Real Estate Taxes
Started out 4 years ago not knowing anything about Real Estate and have been self-taught till this day!! kept using people who don't do real estate to do my taxes, and also they had horrible communication skills, I d...
Eric P.
Home price vs. Property tax
My wife and I are mainly looking at 2 towns for our first primary home purchase. We're used to renting in North Jersey at $2,400 a month comfortably so that's our budget. In town #1 we could buy a house for $300k b...
Toni Bandy
Retirement from STRS questions
Hi everyone! I'm leaving my teaching career the end of the school year. I've decided that I want to invest my money that I'll receive from the STRS into real estate. Originally I was looking at rolling it over into ...
Matthew Madrigal
Commercial Investing regarding taxes
Another question I can’t seem to find anything is. I know in the beginning of a loan you can just write off the interest because that’s all your getting charged but later down the road you pay more down on principle s...
Tim G.
Calculating profit after flip sells
So this seems like a very noob question but I am having a serious brain fart here. Almost embarrassed to ask this!I just sold my second flip and i'm trying to calculate the exact profit amount. I've crunched the num...
Aaron Armstrong
OH NO ! Too much money !!
Haha. Just kidding. I wish I had this problem. But....I am looking for ways to get money out of my business ( construction) and into real estate without getting pummeled by taxes. My accountant mentioned to have t...
Amar Khaira
Taxes on LLC profits
I have a rental property under a LLC with a business partners(2 partners in a LLC). How is profit taxed in LLC? Lets say the rental property generates $100 net income every month. In the end of the year if we dont ta...