William Coet
Invest in a Syndication as an LLC or Individual
Hello,Looking at investing in my first syndication as an LP. Are there any potential problems with investing as an LLC and not as an individual? I'm considering doing it as an LLC to reduce liability.Thank you
Joann Lim
Ex-pat in the UK - Double Taxation
Hi, I'm an ex-pat living in the UK looking to invest back home. Anyone have experience in how we're taxed? I am getting mixed information. I hear we are taxed twice (UK accountant) but I see we there is a double taxat...
Account Closed
Tax question
Do long term or short term gain affect your tax bracket. If you want to know what your going to pay in short term gains you need to know your tax bracket, but since short term is ordinary income, doesn't that change ...
Randy Marshall
Should or how can I use my 401K for my first deal?
I've currently got a 401k with my full time employer (also part time RE agent). About 2 years ago I decided to change my allocations to Roth 401k. However, 8 years of automatic enrollment had me in the pre-tax plan an...
Rod Krause
Hire a tax pro.. but in which state?
I live in California and own a rental property in Georgia. In California I work in IT and that's where most of my income currently comes from (W2). I am also a licensed real estate agent in CA and occasionally have in...
Karen Lee
Exit Strategy for IRA Owned Property?
A few years ago, I went self-directed on my IRA and purchased investment property with it. So far so good. But, what can I expect when I reach retirement age? Will the IRS want to review my records, purchase history, ...
Cody Godfrey
First Property Bank Account
My wife and I are under contract purchasing our first property. It is a triplex where we will be house hacking and living in one of the units.My question is, would it be wise to open a separate bank account and run ev...
Melissa Reid
Computerized Accounting Class
Hello,I am taking Computerized Accounting Systems. Is it a good idea to take Computerized Accounting so I would know how to balance the books when operating several apartment buildings?
Justin Goodin
What happens after I invest in a real estate syndication?
So, you’re sure you want to invest in a real estate syndication, you do your research, and you lock in a deal. Now what?
After you’ve sent in your funds for a real estate syndication deal, your active participation ...
Rodney Buford
Pulling $100K out Retirement account for Rental Properties-COVID
Good morning BP'ers,I hope this doesn't come across as a dumb question but I am really struggling with this decision. Due to COVID-19 my W-2 income has taken a 15% decrease for an undetermined amount of time. My wif...