John M.
Flip Income Tax help needed (and appreciated!)
Oh man how I hate doing taxes! Although I must admit that as I learn more and more, it does get a bit less intimidating. I've got pretty slim chances of getting an audience with a CPA this week so I hope one of you ...
Leland S.
Getting home loan with new S-Corp
I took a contract job a month ago in Phoenix where I organized as a 1099 contractor for tax benefit. Now lenders won't give me a loan. I am in the same industry and could switch back to W2 for a big hit in income. I w...
Polo Vazquez
401k 10% Penalty waived du to Covid. Should we take it out?
I just finished talking with y broker and he has informed me that due to covid 19 the 10% penalty for taking your 401k before age 59 has been waived. My question to BP is... As investors, we are all looking to achieve...
Daniel Miller
a Good problem to have - what to do with windfall profits??
So, after 10+ years of renting my dad's house (I still call it that, though he passed away years ago), I am selling the house once the current tenants move out in a couple of months... y'all advised me very helpfully ...
Andrea Smith
Farm to Vacation Rental
Can I use a 1031 exchange proceeds to buy a vacation rental in Hawaii?Thanks,Andrea
Carolina S.
Capital Gains or High Interest Rates
Hello BP community.
I'm in the DC/ VA area and I'm under contract in one of my properties. I'm thinking of doing a 1031 exchange with it. If go that route, I would need to spend about $850k total. If don't do a 1031...
Amy J. C.
House hacking search in Buffalo, NY
Hi Friends! (I realize this is in the new member section, not sure how to edit, whoops!)Long story short: I'll be in Buffalo this Saturday & Sunday looking at multi's to house-hack. Unfortunately, at this 11th h...
Cary Westerbeck
Build 3 townhomes, keep 1 for primary residence
Hi there, newbie here with a question I haven't found in my searches on BP. I'm an architect, developer, and general contractor. I own a small lot free and clear in the downtown of our small city just outside Seattle,...
Alik Levin
TurboTax, Schedule C, Wrong Federal Refund/Material Participation
Dear all!Hope your tax season going well.I am using TurboTax Self-Employed online to file my day job's W-2 and rental business taxes. I manage my properties through single member LLC.When I am at the Schedule C the lo...
Stephanie Niles
Buffalo,Rochester, NY and/or Columbus, OH BRRRR
Hello BP community! I have been creeping this site for some time now and finally decided to bite the bullet and get started with an account here. I'm so glad I did. My husband and I have 2 rental properties in the GTA...