Darryl Good
Tax Question 4 holding property in a corporation Ontario/Canada
Hello All,A question for my fellow canadians. In Ontario income from property that is owned in a corporation is classed as passive income which is taxed at almost 50%!!!!!!!!!!!While small businesses are classed as ac...
Jessica Bennett
Looking for advice from landlords about a security deposit issue
Hi Bigger Pockets. I am a small-time real estate investor, but this question is in regards to my experience with my primary residence. I am looking for some advice on my situation from property managers to make sure I...
Nicholas D.
Home Insurance (ACV vs. RCV)
I'm hoping to close on a duplex near the end of this month for 50k cash. The area is lower income, and many of the homes are older (1920-1940's). This property is no exception, it's believed to be built in the 1920s.
...
Benjamin J Haithcoat
How to deal with taxes from income procured from wholesaling
Hello,I am a new-comer to investing. I plan on wholesaling at first to build up my capital while at the same time growing my network and learning all I can about the business. While my plan isn't to remain a wholesale...
Michael Plaks
Reducing or eliminating capital gains: NO, it's not simple!
How do I deal with capital gains? - this is one of the most frequently asked questions on this BiggerPockets forum. The minute it is asked, investors jump in suggesting their pet strategy such as a 1031 exchange or a ...
Ali Sheik
Ok, is this a dumb idea?
Let's assume that I can pull out approx. $225,000 in equity from my home. Let's also assume that if I do nothing with it I am able to pay the monthly note to satisfy the loan. Seeing that rates are pretty low right no...
Anthony Conway
Heavy expenses or heavy depreciation what looks better?
So getting ready for the year end taxes and thinking about our 2018 goals has left me with a question. In 2018 we want to have as much borrowing power as possible. This in turn would mean making our business and taxes...
Kade Hawkins
Spousal solo 401k salary deferral deposit deadlines
Spousal solo 401k salary deferral deposit deadlines - different than profit share deadline?I am the sole proprietor and my wife is my employee. As the sole proprietor I understand my deadlines for making my contribut...
Ken Gurta
Homeowners Insurance claim
I recently had a contract to sell an investment home of mine to a buyer. The buyer's inspector noticed some damage to the roof. I filed a claim with my insurance company to get the repairs completed in order to satisf...
Megan Hirlehey
What is depreciation recapture?
Hi BP. I keep seeing the term “depreciation recapture” pop up in my research, and it sounds like a b!tch. How exactly does it apply to real estate investing and on what types of real estate deals would you encounter i...