Brad Swearingen
Wholesalers: do you pay quarterly taxes or wait til they're due?
Hey Wholesalers,
I am finishing up this year's taxes and TurboTax is asking if I want to estimate quarterly tax payments. I have never done quarterly tax payments. However, I have a full time w-2 job and then I who...
Chris K.
Tax free income off STR?
If I live in my second home for more than 14 days out of the year (second home), what does this mean for all other income I received for STR for the year? How is this income taxed? Thank you
Susan O.
1031 exchange upleg Loan Requirements
Hi we are still planning a upleg and 1031 exchange. Partners owned the downleg 50 -50 Only one owner wants to be on the loan and the lender says thats ok because we're putting a lot down on the uplegI was wondering ...
Jonathan Fontaine
capital gains and interest through owner financing
hi everyone,
could someone explain to me how owner financing would advantage both the owner and the buyer into proceeding that way?
thanks.
Logan Rogers
1031 into a partnership
Background:I have approx 150k in equity in a duplex and have done a cash out refi (approx 70k) and taken depreciation for last 7 years. I want to limit my tax burden and invest in an apartment building or a strip mall...
Kyle Steiner
Is Interest on a Rental Property HELOC Tax Deductible?
I'm getting a HELOC on a rental property I own and I'm wondering if I'll be able to deduct the interest on my taxes. I plan to use the funds exclusively for the purchase of rental properties and/or flips and related ...
Paul Staszel
1031 Exchange in Chicago land suburb! Any recommendation for a QI
My parents are looking to 1031 a 3 unit property for a 6 unit property and add my brother to the 6 unit property. Is it smart to put my brother on the deed of the new property? Will this effect the tax advantage? W...
Krish Patel
Tenant paying below 50% market value rent, sell?
Hello,I have a peculiar situation here in India. My mom owns small commercial rental in India that I was managing and I am planning to relocate to USA soon on my job. The current tenant is paying only 50% of current ...
Myrtle Mike Thompson
S-Corp, LLC, or something else?
I created an S Corp several years ago for a business venture that never took off. I believe the Employer Identification Number that I was assigned by the IRS is still valid. I'm new to REI and will be purchasing my ...
Dale Osborn
Taxing Americans to Death
We fought a Revolution with England due to taxation without representation. Now, taxes will put an end to America as we have known it. By the USA creating a Central Bank - banks cannot go bankrupt. When they use up al...