Eve W.
Rental gain on Schedule E, wholesale business on Schedule C?
Hi I have rental, operated under LLC. I also do wholesale and the wholesale business is operated under the same LLC.
Do I report both on Schedule C as business or do I separate them, rental in Schedule E, who...
Austin Wang
Tax Implications for having wife's LLC manage rental properties?
I have a few rental properties that I invested in prior to getting married. My fiance and soon to be wife has an LLC for her investment properties. If she is to manage them, and I pay her, can that income be deducte...
Mathew Allen
Tax Question for REA/FLIPPER
Hello, just starting my tax return for the year. I realize I may need to go the route of a CPA, but I'm trying Turbo Tax first and looking for advice. My question is this: I'm a part-time real estate agent/investo...
Robert Kriedermann
Investor trouble getting owner occupied loan for the purchase of a home to move into.
I'm trying to get a purchase loan to occupy a single family house but because I'm a self employed real estate investor, I haven't been able to get banks to lend. I have a great credit score and can put a lot of money ...
Tim Milosich
New Member from Colorado
Good day, everyone.I currently have a couple of rental properties but have been reluctant to expand my real estate holdings. Nerves mainly, but as of February 29th, I was laid off from my primary job and since, have ...
Dave Versch
Tax advantages?
Hi. I am just getting started as a real estate investor. I am about to close on a single family property which I'm paying 39K for. There's a Section 8 tenant who pays $675 per month. I'm using my HELOC on my resid...
Katie Sikes
Tax question for wholesaling/flipping and assignment of contracts
My husband and I have a newly established LLC (taxed as an S-Corp as recommended by our CPA). He does a combination of contract assignments and wholesale deals. We are currently doing our first rehab project and ...
Jeff Irwin
Understanding passive income from buy and hold RE
So, in my reading, it appears that many pro level investors look for $100 per door in cash flow. So, if I am reading this correctly, and I want to set a goal of $72,000 year in passive income, that is $6000 per month....
Dan Wynn
Is it still good to invest in real estate?
Individuals can find many different opportunities to earn income in real estate because it will never go out of style. It is always has a vast potential income-generating asset and provides a better return. Real estat...
Ray Mungia
Using Self Directed IRA's to purchase FlIps
Has anyone used a self directed IRA to purchase real estate? If you buy a property, renovate it and flip it, do you still pay taxes on the profit if you put all of it back into the IRA, including the amount you pulle...