Johnny Walker
Looking for CPA to help with 401K questions and guidance.
I am trying to decide how to use the money in my 401K to invest in rentals. It looks like my best bet is to liquidate the account to use the money but would like a confirmation before doing that. I want to have access...
Carson Wilcox
First flip... tax best practices....?
So... first flip is in construction phase... I hope to have some good profit at the end..For all of you tax geniuses.. I am looking for the idiots guide to taxes on your first flip. I am not to the point of LLC and ...
Robert Miller
Tax Question
I`m buying an REO with transactional funds and doing a double closing to flip it immediately.I`m buying for $43k total,reselling for $82k.Now the transactional funds are paid back pretty much at the end of the double ...
Jeff S.
How many flips per year, after holding a year, and keep cap gain rate?
How many properties can you buy and sell, assuming holding at least a year, to maintain investor status (cap gain 15%) and not dealer (pay tax at higher rate)?
Eben Rohling
Adjusting Purchase Price and Interest Rate with Seller Financing
“A property is worth what someone is willing to pay for it”If you can secure seller financing, would it make sense to offer a higher purchase price in exchange for zero percent interest? If you adjust correctly, you c...
Peace Lily
401K loan early withdraw
Hi BP investors and CPA professional, I have a question re. this topic. I currently have a loan of 30,000 against my 401K. Due to furlough status since 04/01/2020 and reduction of work force, my position was eliminate...
Peace Lily
410K early withdrawal with penalty, Cares act
Hi BP investors and CPA professional, I have a question re. this topic. I currently have a loan of 30,000 against my 401K. Due to furlough status since 04/01/2020 and reduction of work force, my position was eliminate...
Vince DeCrow
Benefits of Investing in Private Real Estate
Private real estate offers many benefits to individual investors, such as high returns, portfolio diversification and tax efficiency. Institutional investors have long understood the merits of this asset class, and re...
Alex Duarte
Seller financing and capital gain taxes
Hey BP community! I've been wondering a bit more about seller financing as of recently (thanks to Pace Morby's ep). My question is if a person owns a property (rental) and they seller finance instead of selling the pr...
Alex M.
Legal structure for AirBNB income
Hi all,any thoughts on whether LLC or S-Corp for Airbnb income? I'm thinking of an LLC taxed as an S-Corp.Also, I'm looking to buy my first rental property with my father. We'd both put up half of the equity-- woul...