Mayer M.
Solo/individual/checkbook 401k question
Hey,Hoping someone can assist.Last year I setup a individual 401k aka checkbook/solo 401k.I have real estate projects in South Jersey and Philadelphia, but the 401k was setup under my NJ flipping LLC. My attorney is s...
John Z.
Dealing with a Faked Property Manger
A person, with absolutely no professional certification, claimed to be a property manger, offered to mange my house, claiming that he has all the professional certification and promised to fill out W9 form for me...
Mark Doty
401K Dist, reduce income tax through cost segregation v. ROBS?
Before exploring this concept with a qualified legal and tax professional, I wonder if any of the community has anecdotal experience around taking a distribution from a 401K and balancing the earned income taxes with ...
Beau Miller
Corporate Structuring
Hi Everyone! This is a tax/legal mix question. I'm curious as to what type of corporate structure(s) BP members are using when working with Private Investors of short term (Less than six months) residential home fli...
Zachary Kowalik
Newbie: Subleasing a Multifamily
Hello,
I just introduced myself in the new member area so this is my first official post!
My first “investment” in real estate is underway and it is quite unique. My father owns an apartment complex and he gav...
Rasi Wickramasinghe
Newbie RE active investor - LLC vs S-Corp
Thank you for your assistance. My wife and I are going into active real estate and she has a real estate license, so we plan to elect REP status for her. I am a high networth professional who makes only W-2 income so ...
Esteban Perez
real estate agent or real estate broker
HI everyone in the bigger pockets community. I am a newbie trying to get started in the real estate business. I want to take this on as a career so I'm trying to figure out what would give me a bigger advantage, to be...
Marijuana (MP) Vandyck
Can anyone confirm is capital gains taxes will be waived in SDIRA Property Divorce?
A spouse wants $50,000 of the $140,000 value of a real estate property being held in their spouse's SDIRA in Florida- an equitable split property state when it comes to divorce. The spouse who owns the SDIRA will NOT...
Allen Collier
Repairs that go against the deposit
My tenant’s dog tour a door, door frame, and the wood floor up trying to get out of a bedroom. They have moved out. I haven’t returned to deposit yet. What can I deduct? Materials and labor wise. Everything? Preying d...
Kathy Moser
Form LLC so I can write off upfront costs?
Hi All,I'm going to need to do a bunch of legal and inspection work prior to buying a multi home project. It could run up to $10,000. I was wondering if it makes sense to form an LLC now so that I can pay all these ...