William Howley
should properties be put in my name or LLC from Tax perspective?
Hi, I am looking to purchase more property (currently have 3 units), but I am at a point where I need to decide whether to put the properties in my own name or my LLC for tax benefits / perspective. Here is my current...
Bilal A.
Can self storage facility owner/operator qualify for REP status?
Can a self storage facility owner/operator qualify as a real estate professional if it is their full time occupation, and meet the 750 hour material participation and greater than 500 hour rental real estate activity ...
Stephen Aki
Converting ROTH to Traditional then to Solo 401K Plausible?
So, I've been searching for how I get my current investments into a Solo 401k. After doing some digging I found that I cannot roll my current ROTH into a solo 401k. I believe I can roll it into a traditional IRA whi...
Nina W.
Dual citizen residing in Canada doing 1031 exchange in US
Hi! My husband and I area dual Canadian/US citizens residing in Canada. We are interested in purchasing property in the US in order to later upgrade and benefit from a 1031 exchange. I read that as dual citizens we no...
Tea Marie
Downpayment vs. 401K savings -how much
Hello,My goal is to purchase my first rental property (non-local) in 2017. I have just reached my emergency savings goal, now I want to save as much as I can for a down payment. Except for my emergency fund, all of m...
Derek Bell
Cost segregation for taxes
Has anyone done a cost segregation for a tax year?
I will have a 750k+ tax bill from a warehouse I sold and from one of my businesses I sold this year. I have not looked too much into a cost segregation, but I am won...
Julio Gonzalez
Cost Segregation Study on Single Family Home
A lot of people ask me if it’s beneficial to do a cost segregation study on a single family home, the answer is yes! Determining exactly how beneficial is based on a multitude of factors, but a cost segregation stud...
Account Closed
Real estate SP/DBA, LLC, of Corp.?
If you noticed, I posted a recent question concerning a potential rehab I am looking to acquire for the purpose of renting. This would be my first investment of this type. If it goes well I would like to continue to m...
Jim McAfee
Tax advise on renting our first property
This is my first time on bigger pockets. Hoping I can get some basic advise on the tax benefits of purchasing a rental property. We (my wife and I) have planning on purchasing a property, renovating and renting. I've...
Austin M Margarida
Private loan with Family, seeking advice
So a family member currently is providing the down payment funds and materials for the rehab. I will be doing everything else. They are doing a total investment around $50k with a very conservative rehab number and ar...