Chris Schoonhoven
Self Directed IRA Companies & Roth tax implications
I've started looking into a few SDIRA companies and just wanted to ask to see if anyone has experience with these companies or if anyone has any suggestions for another SDIRA.I'm looking at Quest, Advanta, and Cama. R...
Alex Bernth
Taxes on cash flow
Hello everyone, I hope y’all are doing well. So since rental cash flow/income is taxed by the IRS, would I be able to use my renovations cost as a tax deduction? Therefore it’s seen as a loss similar to if a property ...
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Sole or Multi LLC
Need help on what type of LLC to form. My wife and I jointly own rental properties and would now like to get some protection from LLC. In looking up information I see that you can either form a sole owner or multi-o...
Bill Bouillon
Tax Deductions for Non-Professional
Hello BiggerPockets!I've been consuming as much content from BiggerPockets the past 6+ months to plan for an earlier retirement than I initially thought possible. I plan to ease my way into REI by renting out my curre...
Daryl L.
Opportunity of a lifetime
Just got a call last night for what may be a great (amazing!) opportunity. A family member is looking to retire and offered that I could take over his entire business. We didn't get into the depth of details I'd like ...
Julio Gonzalez
Why Small Business Owners Need to Adopt a “Tax First” Mindset
The tax code can seem daunting, and navigating it is a scary undertaking for small business owners and entrepreneurs across the country. As we know from firsthand experience, many small business owners pour their bloo...
Laura Smith
LLC? Tax advantages? Write offs?
So I understand that having an LLC is beneficial but I have no idea where to start learning about the benefits and how it works. Any suggestions on business finance books or online classes (preferably free) so I can s...
Gary Green
Suggestions for saving for first investment property
What kind of account or vehicle would you suggest to start saving down payment money for my first rental property? I want to take advantage of growth if possible, but also want to minimize taxes and fees (penalties). ...
Account Closed
Question on back taxes
Can a property owner with back taxes work out a payment plan on back taxes? The property is supposed to go the the tax sell In less than a month? The property is in Texas
Daniel Crouse
Where to form "Managing Member, LLC" which will be the "sponsor"?
Hello all,I'm just getting started in the syndication business and just finished Gene Trowbridge's "It's A Whole New Business: The how-to bible of syndicated investment real estate"... phew... I plan to follow his su...