Patrick McGowen
To LLC or Not to LLC
Recently, my wife and I decided that I should retire early (she retired 3 years ago) so that we can travel more and spend time with family. We have roughly half of our assets in stocks and retirement accounts and half...
Steve S.
How can I use my 401k to buy rental properties?
Are there other options besides taking a loan from my 401k? I can loan myself a max of $50,000. While that will help, I may need more and I have a pile of cash sitting there that I'd like to diversify away from stock...
Matthew Stapleford
LLC or Corporation
I currently own properties in an LLC, but I was just reading that it is a good idea to own properties in a corporation because of some of the tax advantages that exist for corporations. I was hoping to get some insigh...
Gp G.
Selling property and 1031 exchange
Hi All,I am thinking to sell my old property. For example if my property sells for 300k I have to pay 6% to realtor which leaves me at 282k. Out of 282k how much taxes I have to pay right away and how much taxes I ha...
Jesse O.
Do YOU get paid?
So I tend to lean towards the do it myself side as far as maintenance break fix since I only have about 6 doors still. Trying to keep the profits as profits I guess. But I have been thinking, am I saving even less tha...
Kyle Doriety
First year filing taxes with rental income
This is my first year filing taxes with rental income. I have receipts from all of my expenses through the year and documentation for all of my income. I’m wondering how to I organize/package everything together to tu...
Seth Nowak
accounting and tax basics for one rental property in my LLC
Last December I bought my second rental property and have deeded it over to my LLC which I set up for this purpose.It has been cash flowing very well every month, so I'm thinking I'll have to pay income tax on the pro...
Sayli Mulay
pay down Jumbo Loan or buy a rental ?
I plan to refinance my primary residence (Bay Area,CA). I currently have jumbo loan at 3.75% and $70k cash saved up. I am thinking of 2 options -
#1. If I refi and pay down some of the principal (about $70k), I would...
Mike Cowper
Seeking CPA in Metro Detroit Area
Hi everyone!I am a newer investor and am looking for a reliable real estate CPA or tax professional in the Metro Detroit area to file my taxes and help with tax planning. I have been in contact with one but response r...
Nigel Dixon
What should i do??? Your input will be appreciated!! :)
Hello Bp world....I currently own 8 properties free and clear in Orlando Fl. One of the properties i own is a very nice town home that i bought bank owned for 70k ( I also own this free and clear). Me and my wife ha...