Kyler Lee
Flip property investing
I am looking to do my first flip, what is something you guys look for in a successful flip? Also is there any way I can avoid giving all of my property to the government?
Michael Gust
1031 Exchange and Solo 401 (k) questions
Hello Bigger Pockets Friends! Looking for guidance on two questions related to single family detached rentals. 1.) If I sell a rental that I acquired using 100% qualified retirement money from a Solo 401(k) and immed...
Stephen McGrath
LLC Tax and Debt Questions
Hello BP,
I am in the process of closing on a commercial refi loan on a property. When i had bought the property cash, i had formed an LLC but ended up not using it as i didn't want to roll the property into an LLC a...
Kenneth Irvan
Rental properties inside IRA vs Cashing out IRA
I have been pondering cashing out my IRA to purchase rental properties. I am in my mid 40's but I think I can avoid the 10% penalty with the "equal withdrawments ". I am reading about two different strategies.........
David Swatch
Franchise Tax in California
I am flipping a property in ca I bought in November 2015 . Escrow lady told me I have to pay 3.5 % franchise tax because property is under my name . Is there any way I can avoid this tax any suggestions will apprecia...
Matthew Fletcher
Real Estate LLC Income And FICA
Hello,
I'm Starting A Real Estate Business With A Friend, And It Will Be Member Managed. The Entire Business Will Be Rental Incomes. I Know That This Type Of Income Is Not Subject To Fica. Can We Avoid Fic...
Ronin Crimmons
Equity Rich - Need Advice
First, thank you for any advice or recommendations. We would like to buy a bigger house and move up.I am equity rich on my primary residence. Own free and clear with value estimate of 2.3 mil. My cost basis is 1.1 ...
Brad Shepherd
Tax implications of deeding out then back to LLC during loan
(This is not a due on sale clause question.) It's common practice to deed a property out of then back to an LLC during a refinance process in order to get better loan conditions. I'm considering this, but nervous abou...
Corbett Brasington
Fix and Flip in LLC to build capital without tax?
My area is experiences huge amounts of very fast appreciation. So much so that the 1% rule and deep dive analysis for on market deals (even far below asking price) dont make sense to BRRR...but many of them do make s...
Paul K.
Sold Vaca rental and sitting on $?
I am relatively new here but any suggestions or direction would be greatly appreciated. I sold my vacation rental in July, doubled my investment, and now have a decent amount of cash that I'm not sure what to do with...