Todd M.
Personal or Corp loans to Real Estate LLC
Hello,
Seeking opinions/insight into "loaning" from one of my corporations to another from a tax perspective:
Quick Background:
I have a C-corp for software development business. I have an LLC for my real estate bus...
Luis Escobar
Tax implications and advice
Hi BP community,
First time post but I have enjoyed reading and learning from others experiences. I own a 4plex in Fresno and single family home in the Bay Area and just recently sold a property that I profited 209k ...
Francis Van Steen
Hot market and a great SFH opportunity need strategy advice.
I am currently renting a 3 bedroom 1.5 bathroom house in the Silicon valley from my father in law for about 60% of the market rent for similar properties in the area. My father in law does not want to be in the landlo...
Michael Gibek
$1.1 million mortgage interest deduction post new tax law
Before the new tax law, the interest on up to $1 million on a mortgage secured by a primary residence could be deducted on scheduled A. Likewise, the interest on HELOC up to $100k could be deducted in the same way. I...
James R aduna
How to utilize Cost Segregation to your advantage
Hi BP Community,
I was hoping to get some feedback on the best ways I can utilize cost segregation for my taxes this year and if anyone has recommendations for a Real Estate Accountant in the Los Angeles area that ...
Paula Rodriguez
Write-off's when investing in real estate *not* as an LLC
Hey everyone,If one does not form an LLC and still invests in RE continually under their own name can they still write off travel, hotel stays, meals, educational material, seminar attendance costs, purchase of a car,...
Jim Stevenson
Alternatives to 529?
Curious to hear other's thoughts on saving for college through a 529. I've started contributing ever since my son was born 5 months ago but I hate the fact that it can only be used for education. I feel like there's t...
Juan Contreras
Is the $25,000 special allowance only for Married individuals?
I would like to make use of the special allowance. However, I would be filing as head of household. Would that mean that I would only receive a $12,500 allowance?
This is what the IRS writes:
Special $25,000 allow...
John Sable
New to Investment Property
I bought my first duplex in August of 2021. I pulled money out of my 401 for the 25% down (80K). Payment is $1500/month and rents are 3K. I bought my second Duplex in February 2022. I pulled again from my 401K for ...
Account Closed
W2 vs. 1099 Income for mortgages
What is the best way to qualify for a mortgage with 1099 income? How can you make it look like W2 income to banks?