Hey All- I own a small apartment complex in a two entity LLC and am wondering what the tax implications are for a cash out refinance. I have done a lot of these for my own portfolio, but am wondering if the tax impl...
BP people,
Do any of you out there have any success or horror stories about pulling out of 401Ks and using those funds as self directed? Or, am I considering to purposefully step on a land mine and blow my nuts off w...
Hello all, first-time poster on bigger pockets. Sorry in advanced if it's a long complicated post! I'd been listening to the podcast for about 4 months or so, even started getting prequalified for a mortgage but never...
I was recently listening to episode 293 of the BiggerPockets podcasts where Chad Carson talks about his tax lien strategy. Does Ventura County do this? It looked like they list homes for auctions but I didn't see anyt...
I recently bought a house in August that I will be flipping. I am looking at making around 90K to 80K before taxes. This will most likely put me in the 24% tax bracket but I am close enough to falling into the 22% tax...
Hello! My mom owns 5 rental properties. She is telling, me since her and my stepdad make over $150,000, she cannot utilize tax write offs until they sell the property. She is claiming that the write offs will be used...
CT has one of the highest property tax rates states, and also high car owner taxes. Why do investors still invest in properties in CT despite higher property taxes. Aren't these higher taxes cutting into your profits ...
Hello BP,I am looking for advise. I am in the process of listing my investment property in Canada for sale. I will be making a profit on it and I am looking to keep as much of the profit as possible. Of course the pro...
I am an investor who is in a higher tax bracket. I am working with a tax attorney who is advising me to form a C corp. I can do my flips and wholesales through the C corp and lower my effective tax rate. I know ...
For those contemplating alternate investments, I highly recommend considering hard money lending. I started in 2012 with little knowledge or information. At that time we didn't have Dodd-Frank to be concerned with. Fo...