This property has three units, a 3/2 and two 1/1's. Current rents are 1100, 735, and 725. I'm planning to turn at least one of the 1/1's into a vacation rental which should earn at least 1200/mo (very conservative e...
This intended only to open discussions on the changes that affect investors. This is to help you know what questions to ask your CPA so you can do a better job of tax planning. I am not a tax guy or a tax attorney so ...
I am interested in some feedback on different self directed IRA companies. The first one I looked into has a $1000 fee for a one time setup. This may be well worth the money, but I want to make sure I chose a good c...
simple question! How do you pay yourself from your rentals? How much do you reinvest? I have to admit i love talking $ when it comes to financial strategies and goals. I'll go first.Im small time with only 3 propertie...
Hi, I have an LLC that holds the real estate and the other LLC is handling the management (getting rents, sending payments, etc.). As I was preparing my taxes, my tax professional advised me that management LLC is red...
Last year I switched from the fix & flip method to buy & hold (specifically the BRRRR method thanks to the Bigger Pockets Podcast). I am now up to 5 rentals but most lenders are telling me that I will have iss...
Can anyone tell me how I can use my 401k to finance rental property. are there private lenders that will use a 401k minus the penalties to provide you financing.
its the only cash I have to take the leap.
Thanks ...
I was in the military last year(2012), and recently got out so some important aspects of my residency status will be changing and I'm trying to prepare for those early.
I'm originally from FL and invest there, and b...
Hi All,
Just looking for some general guidance. I am in the process of applying for the Philly Tax account number online (to get a rental license) and one of the screens ask which business taxes apply to you. I kno...
Good morning all! I would like to preface this with - I have been looking up the answer for this throughout Biggerpockets and other forums for a few hours and have not found what I'm looking for. If anyone does know ...