Melanie Baldridge
Which jobs have the potential to qualify me as a Real Estate Professional?
Here’s the answer:
To qualify as a Real Estate Professional (RE Pro) in 2024, you need to meet certain criteria set forth by the IRS.
Here are some of the key requirements:
1. Material Participation in a Real Est...
Shelly Uy tesy
IRA funded RE purchase
As a real estate agent can I represent myself and my husband in a real estate transaction using our IRA?Can I get a commission from this transaction?
Jorge Abreu
The Five-Step Guide to Prime Investors
I've been in the real estate game long enough to know that understanding investors' objectives is like receiving a treasure map to profitable deals. Every investor has different motivations, whether it's wealth creati...
Michael Bard
spreadsheet or software for tax analysis
I don't really understand the tax benefits of real estate, is there a spreadsheet, website, or software which can help me to analyze deals to better understand the tax benefits of investing in real estate? Looking at ...
Michael DiGiovanni
Using Land Trusts To Avoid Due On Sale Clause & Other Benefits
Hi Everyone,Since I don't want to leave money on the table, can someone please give me the "in a nutshell" explanation to the following questions:1) Should I set up a revocable or irrevocable land trust on each proper...
Lynette D Nickleberry
So glad I incorporated!!(?)
Trying to decide if it's time to incorporate as an llc. Share accounts when having an LLc has worked to your benefit. Moments when you said, "soooo glad I incorporated!"Thanks!
Ryan Daulton
Benefits of self-directed IRAs
Since learning that cash flow from real estate that was purchased from self-directed IRAs is taxed, and that I would not be able to claim depreciation on this property, what are the advantages to buying real estate wi...
Marvin Romero
Passive income taxed??
Hey guys,
I have a two part question
1. Is passive income not taxed because it isn't earned income??? Or why is it tax free?
2. If you have a rental that is producing passive income. And you sell it, do you owe tax...
Laurie Cundiff
Tax benefits of investing in rental property in Solo 401 K
We are buying rental properties within our Solo K. Can someone tell me what the tax benefits are to doing this? I understand that closing costs, interest, insurance etc. typically are deductible expenses in general,...
Julie Mendonca
Accessing 401K for Real Estate Investing
Hi Everybody,I have 188k in a 401K from a previous employer and I want to access this money for real estate investing and of course without penalties or extra taxes. I have read a lot about using a solo 401K. Is this ...