I own & manage a Rental Office Building & have a LLC to manage all related affairs.Can my LLC open a Individual 401k for retirement savings ??Thanks
So since I am self employed and wrote off a lot on my taxes.. I am only able to be lent about 104k
I'm looking at properties that are 100-130k
I have 26k saved
Rents should come in around 900-1100
Taxes around 900-...
Hello BP'ers,
Long time BP stalker, first time poster. A while back I read a forum thread named something like, "I have $40,000 and don't know where to start" that caught my interest because I am in a similar...
I am selling a SFR rental property I have owned since 2008 and will realize a nice gain. All proceeds will go back into a new deal/s. Trying to decide if I should use a 1031 exchange, or take the tax hit and have cash...
I own a 7200 sq ft retail center in Oklahoma with no debt. I had someone that wanted to know if I would sell it to them. The price they offered was at or slightly above market $822k. The would be putting $90k down. ...
GOOD NEWS! HOUSE WAYS AND MEANS COMMITTEE MARK-UP has been released. At this point, here is what we know:
1031 Exchanges were NOT included in the mark-up, so no changes to 1031 Exchanges. The step-up in cos...
Anybody have a good way of analyzing a weekly vacation rental condo or house?
Navigating tax responsibilities can be complex, and one common area of confusion is whether private lenders should send Forms 1099-INT to investors and if investors should receive Forms 1098. Let’s break down these pr...
A cost segregation study was performed on this single family home in West Palm Beach, FL purchased in 2023 with a depreciable cost basis of $841,850. The home is 2 stories and 2,806 square feet and was constructed in ...
Hi everyone,Been a long time observer but this is my first post so please excuse me for going back to basics I’m trying to figure out what’s the best strategy to start and if in your opinion you should buy your first ...