John Anderson
Most tax-efficient way to take property out of LLC?
Hello - we have a small two person LLC which holds a single, small, paid-off property. We would like to move the property from the LLC to our personal names. Is there a way to do this without any adverse tax consequen...
Ingrid Pinilla
Question about capital gains when flipping
Hello everyone!I’m new to the site and have found it very helpful. I’m also interested in REI and am leaning more towards flipping. I have a couple of questions regarding tax purposes. It’s to my understanding that ca...
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 ...
Tim Uittenbroek
Looking for CPA to give advise on setup for NRA
Hi all,I'm a non-resident investor and will shortly be buying my first properties in the US (NC in particular). I'm looking for someone that can advise me on the best setup from a tax and legal standpoint.The plan is ...
Jimmy Lieu
Higher Property Taxes Coming Soon To Columbus Ohio... What Are You Doing To Prepare?
So it looks like Franklin County is doing a mass re-appraisal process for our property taxes in 2023. Higher property taxes coming soon for Columbus Ohio properties?
Article: https://www.nbc4i.com/news/local-news/rea...
Bill C.
SDIRA or withdraw cash
I wondering if I transfer the cash out pension to a SDIRA for RE investments or just withdraw cash over 5 years and deploy cash each year into RE?
Mary Jay
how to calculate the tax after a sale of a rental
Hi guys,Can you please help me out?I am in a 30% tax bracket (not sure if this is important)I was thinking of selling 2 rentals.1) Rental 1. Bought in 2009 for 25K, now its 100K2) Rental 2.Bought in 2021 for 145K, no...
Joe Szymczak II
Pay capital gains tax after using my house as a rental?
Hello BP community! I have owned my house for over 8 years now and it has appreciated a good amount. I know that if I were to sell it outright I WOULD NOT have to pay capital gains taxes on it. However.... I would ...
Alejandra Tapia
Borrowing money from your 403(b)
My tax preparer recently mentioned the possibility of taking out a loan from my 403(b). He mentioned that a good thing about this is that I would pay back the money to myself, with interest, as opposed to the governme...
Pichael Miper Holmes
Transferring property to LLC
Hello, Bigger Pockets!!It is with great joy that I announce that my wife, Piper, and I have closed on our first rental property! We bought a 2/1 in OH and have the property management company in place to get it rented...