Michael Plaks
Attorney John Hyre on new "SDIRA stuffing" court case
Written by IRA attorney John Hyre:The Mazzei Roth IRA Case – An End to Magical SchemesThe Tax Court took a major step in the direction of curtailing SDIRA abuse. The case will put the kibosh to a great many “IRA Stuff...
Mark Douglas
Do you have separate bank accounts for each property??
Hello all,I'm on the cusp of closing on my first property ^^ and I want to have as much in place as I can.I know I'm going to open up a second checking account for this first property, to keep it separate from my pers...
Chris Seveney
US Debt Data From Kobeissi - Scary
So I saw the data below and am wondering, are americans fighting inflation with debt? Have incomes kept up with inflation? What will happen when the credit card companies and banks tighten their lending standards?Do y...
Brandon Redfern
Quit Claim Deed to LLC
I have recently purchased a few rental properties with a partner. One property is in his name and the other two in my name. We just submitted the paperwork for our LLC. I've read on here and have been told the best t...
Liam Bell
Unsure how to start
Hello!My name is Liam and I just graduated college. I have no debt and I have a job starting July 15th with a salary of $110,000 (end of year bonus expected to be 50-100% of salary). I would like to start investing in...
Nick Eckemoff
Mortgage Interest Tax Deduction is better than I realized?
Sorry if this has been asked before...maybe I'm not using the correct keywords.I am confused about the mortgage interest tax deduction. I understand that it allows the interest on a mortgage loan to be deducted, but h...
Jack Lee
Cashflow Taxation Problem
Hey guys, I have a question.
Hypothetical scenario:
SFR
$1000 NOI
$500 Service on a selling financing.
Cashflow = $500
Are you taxed on the $1000 NOI or on the $500 cashflow?
Susan Bearce
Disregarded Entity for LLC?
Hi All,I am curious how other investors file their LLC when applying for their TIN. A partnership, corporation or disregarded entity?
Matt Finneseth
Put cash flow towards principle?
This is something that I haven't seen yet as far as an investment strategy. I've thought about taking the cash flows from the rental and putting it towards the principle on the loan in order to expedite acquisition of...
Ho Eun Park
Investing in rental properties outside of CA -> NV, TX, IL
Hello, I am new to the forum. I have been thinking about real estate investing outside of California for various reasons. Mainly due to price. I have been looking into Las Vegas, Dallas, Houston, Austin, and Chicago ...