James Somers
401k or Real Estate?
I know this may be a weird question to ask on a real estate forum (Im thinking the vast majority of responses will be pro real estate), but I wanted to get some different perspectives from the BP community. I current...
Jared Trindade
Real Estate Market in Burlington NC
Population. Incoming.
Let's get right into the meat here, Burlington NC is growing at a phenomenal rate. Currently at 1.26% annual growth with a population of just under 59k. If you were to look at a population grap...
Frank S.
Use of Unemployment Benefits as Proof of Income in Application
Hello,
COVID-19 is affecting may people. What are you doing when tenants applying for a unit use unemployment as source of income? Is this a protected class ? It seems many are working and still collecting unempl...
Anh Ngo
Soon To Be College Graduate, Advice Getting Mortgage?
Hi BP,My name is Anh and I'm graduating from UCSD in two months! I've been a long time fan of BP after reading Brandon Turner's books on rental investing and no/low money down financing several years ago, but haven't ...
Molly Jacobsen
Can a Schedule C be filed? Multiple LLC's?
Hello, there is an apartment complex and some single family homes. Ther is also own an LLC. None of the properties are finance through the LLC due to the difficulty of securing the loans in the LLC name. The LLC is...
Yolanda Williams
Flipping Income Gain
What amount is considered income on house flipping for tax purposes?I purchased a home for cash-no mortgage for 25k put 25k in repairs in and sold for 79k, net 71k. How can I defer or decrease the taxation on income. ...
Brandon Bolinger
Need Advise on rolling simple ira retirement plan into 457 plan
I have a simple ira from previous employer that I am considering rolling into my 457 plan. I have been considering it for awhile but can't find the correct answers. On one of the Bigger Pockets Money podcasts a few...
Account Closed
VA Loan for a multifamily property in Texas
I am looking to purchase my first multifamily somewhere in Houston and as such I am looking to use my VA home loan. I currently reside in California, however I would like to purchase a multi-family in Houston where I...
Roseann Koefoed
Solo 401k for RE Investing
I have a cash flowing MF portfolio (about 80 units) and I will be leaving my corporate job soon to 1) be a better Mom to my kids and 2) focus on growing my RE portfolio. My husband and I each have about $500k in reti...
Mike Percy
Avoiding self-employment taxes on LLC rental income
Hello Bigger Pockets community,I am looking into the possibility of investing out-of-state in a buy-and-hold rental property for passive rental income. I am considering a structure of holding the title in a land trust...