Andrew Alvira
Need CPA/Tax Advice - Selling vs. Keeping a house
Hello BP!Im going to try to keep this simple and short.Basically, im trying to convince my mom to sell her house...here is why.She bought it back in 2001 it was built in 1920 and the previous owners didnt maintain it ...
Andrew DeLorenzo
Its been a while but I'm back and active.
In 2016 I found BiggerPockets the first time and caught the bug HARD. At the time I had been working in residential construction and in my head I told myself that I had all the skills necessary to jump head first into...
Joe Edwards-Hoff
Writing Off Improvements- Safe Harbor
I just read this article here and I wanted to confirm the info-https://www.nolo.com/legal-encyclopedia/small-taxp...So, it sounds like I am able to write off some of my improvement expenses, as long as it is less that...
Dennis M.
Looking for experience in Canada US cross border entities.
Hi there, to all BP members.I am looking for someone who is experience in setting up cross border entities for Canadian. Before i start buying properties down south of the border. Please message me if someone you know...
Keith O.
Safest place to park $250k as an income investment for me?
Hello Everyone, So I just paid my house off and am now unconventionally financially independent. I say unconventionally (maybe this is the wrong word for this ..I don't know) because while I am able to net about $13-1...
Gordon Starr
Should I hire my own kids to work for me?
Hey everyone,I am a sole proprietor with a steadily expanding buy and hold portfolio. My kids are age 8 (son) and 10 (daughter). As a single dad with sole custody, the kids have always tagged along in some way - somet...
Francis Rusnak
Best cash-flowing areas for Rentals in Chicago Area
What have you found are the best areas to get buy-and-hold rentals in the Chicago area with good true cash flow?Looking most at price to rent ratios with a combination of good area.Prefer South and West Suburbs. I'm s...
Daniel C.
Better way then cashing out 401k?
At first read, I’m sure the amount of reasons not to cash out my 401k will be many, but I want to give context and see what you guys think.
I have about 250k in a past employers 401k. My options with it are to cash ou...
Mike Helminger
UDFI Question (related to SDIRA)
I read through this post (and several others) and am trying to grapple with the idea of UDFI:https://www.biggerpockets.com/...Scrolling down a bit, Chris Wooten states the following in the comment section: I’m not a C...
Kerry White
Looking to save on closing cost
So i bought my first property 8/13 I'm responsible for the 2014 taxes which are roughly $3,500 i have been holding and renovating this for quite some time now due to unfortunate events. But now i am ready to sell. Hom...