Daniel Warren
tax implications from small apartments
a local deal popped up in my hometown for an 8 unit apartment. works out to a 15.6% cap rate. has 4 2br/1 and 41br/1 and rents are 400/300. 3 empty atm but he says he has calls all the time and stays full most of t...
Joseph Pumilia
Louisiana Tax Lien Sale Auction question
Hi, I am trying to learn about tax lien sales in Louisiana. As I understand, the bidder with the lowest % of willing to own wins the auction. As I understand it, if you win, you pay the price, say $500. Then, they wou...
Leland S.
Solo 401k funding, payroll tax tradeoff of single member LLC
Looking for some second opinions on anyone who is "self employed" and has a Solo 401k. Probably folks here know about check book 401k's and such to invest in real estate. I am now in a contract position as 1099 and ha...
Jed Forster
Tax Liens for Newbies
I heard about tax liens on a BP podcast, and they sounded interesting but I'm still a little confused.What are they exactly?Where do you find some?How hard are they to invest in?What are some legal things to know?I'm ...
Mohamed Nagoor
SMLLC Tax Questions for Flipping Home Business
Hi,SMLLC to flip homes. Say I make 30K in gains during a year flipping homes. 1. I decide to take 15K as my annual pay. Can I take the Pay at end of the year when I'm filing my taxes OR do I have to pay quarterly esti...
Jorge Contreras
Need Help deciding which 401k plan to choose
At my old job I was getting a pension but since leaving that company and joining these new one where I work I am now offered a 401k plan, which I plan to fully take advantage of, to which I come here to ask those who ...
Ryan H.
Single Member LLC: Self Charged Interest to Reduce SE Tax?
Questions: (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan? (2) If so, is the interest paid by the company a deductible expense to the company reporte...
Mitchell Rusten
ELI5, why do people put profits into a 1031 vs a tax write off
Simply put, why do real estate investors need to put their profits on something like a flip into a 1031 exchange rather than simply putting the profits into a new property and writing off the acquisition like a normal...
Brianna H.
Benefits of 401(k) over Property?
My husband's and my goal is to eventually use rental income as our retirement income. We currently have one rental home and are looking to have ~10 within the next 20 years. So the question is...what is the benefit of...
Jason Wu
Wholesaling profits and taxes
Quick one,I understand profits from wholesaling activities are tax as ordinary income; but, is there a way to minimized the taxes that one needs to pay from money earned in wholesaling?If say the goal is to reinvest t...