Hey BP,
I have a property under contract for ~80K.
I have a family relative who is interested in a trust deed investment (1st position). However, I'm not sure how the taxes and interest payments would be calculat...
Ok, so you can, but you can't. I fully understand (no, I don't).
No, I don't want to vacation in the vacation home my SD IRA owns. Please don't point me to an IRS pub.
That you can't personally benefit from the p...
Hi all,Can anyone provide some guidance on how income from private lending is typically taxed? My understanding is that if I'm NOT considered in the business of loaning money, then the income is considered interest in...
so Im 22. I live in Georgia. I recently graduated college and got a entry level job. I make around 48k a year working full time (40 hours a week). I have a 401k I invest 7% in and my company matches 5.1%. I also have ...
I use a property manager for an out of state rental property. Last year we kept most of a security deposit for repairs after the tenant moved out. We also received some payments from the new tenants for utilities pa...
Anyone open a self directed ira/401k in real estate? Any benefits to this?
I own a 2 family home in NYC- created and bought the house in an LLC. I live on one side and rent the other side. I am now about to close on a single family rental property in Philadelphia. Buying it all cash and hope...
I recently purchased first rental property. In the future I plan to transfer into a business, but for now the property is under personal. I wanted to open a bank account strictly for tracking my rental. Any suggestion...
Hello, Does anybody know how to file income from flips under 'gross income' on tax return as a self employed flipper? There is a section to report it under, 'sale of business property', but that doesn't add up to gros...
Does anyone know how people typically value PM companies when/if they sale them?