Anita Smith
Question for an attorney or CPA? I'll pay for the advice
I picked up a new tax accountant this year hoping to get help with this issue... and not only are multiple things incorrect on the return I just got back to review, but some of her advice seems *off.* (For example, I ...
David V.
For QBI - are 4 rental properties part of a combined business
When entering information on my Turbo Tax Premiere software I see a screen that asks the following: If this business shares common ownership and operates co-operatively with another business, you may want to report t...
Michael Crump
Advice for starting in Virginia
I'm looking for some advice on how to start my REI career in Northern Virginia and reading through all these options has my head spinning a little. Here's where I'm at and would appreciate any suggestions.
I'...
Kinley Puzey
Student Loans Are Taking Over My Life
This is a multi part question. All thoughts are appreciated.Background:My wife and I would love to get into investing but right now with other financial obligations it makes it difficult. We are currently paying upwar...
Kyle Myers
Should I cash out my IRA for my next REI?
Should I say goodbye to my IRA?Details: I'm currently 30 (no kids) and my wife and I plan on retiring with a decent "pension" at 42. To maintain our standard of living and travel the world like we want, we will need ...
Chris Yeung
Exit strategy for buy and hold investors
This has sparked my curiousity as I have not done this before. What would be the exit strategy for a buy and hold investor?For example, I buy an investment property for 100K(20k down at 4.5% interest) and rent it out ...
Faustino Ramirez
How to use money from my 401K to fund my first purchase?
Hello,I have 260K in my current employer's 401K and I want to start investing in multifamily buildings for passive cash flow. My goal is to replace my W2 income (5K) with passive cash flow from real state investments ...
Denise Darval-Chang
Utilizing a ROTH to Invest
With the market not showing positive gains, wondering if I should pull out my Roth, no penalty as I am 61, and invest in a syndication? Our local flipper is offering 12% return. Thoughts + or -.
Wade Fiegl
fire insurance claim and taxes
Here's my scenario: I had a primary residence I lived in for almost 10 yrs (2000-2010). I then converted it to a rental in 2010. My tenants had a house fire...total loss in Dec 2011. If I collect on insurance an a...
Ivan M.
How to determine capital gains on sale of rental property?
Hi all, I see a few different calculators out there but each one gives different results. Perhaps someone help or point me in the correct direction. I'll be selling my only rental soon and wanted to determine the capi...