Dmitry Sorkin
Inherited IRA to Self Directed IRA with sweat equity?
Hi,This is my first post on Bigger Pockets. I have an Inherited IRA from my father I've been sitting on for about 3 years. I took a 5 year option because the investment company wouldn't let me do a stretch IRA back in...
Blake Wood
Best House Flipping Neighborhoods in SD
Hello All, I am new to San Diego and new to real estate. I am curious as to which neighborhoods seem to be the most popular right now for flipping houses. Looking for a starting point as to where to find fixers and ...
Charles Lewis
$150,000 profit - what about taxes?
So, long story short, I have a piece of vacant land I'm thinking of selling. It's right next door to my residence, so it counts as part of my homestead. I've only owned it for a year, though, so if I sell now I'll ...
Kyle Scholnick
Pay Yourself Rent? The Battle of Schedule C vs E
Are there any rules and regulations from IRS on paying yourself rent if you own an office building and your unrelated business uses that location? By doing that, it would put passive income on schedule E as opposed to...
Toni Conway
Trust attorney in TX needed
I live in California and have property in Austin. I would love advice on whether I should add my properties to my trust; I've heard there are some states that don't recommend that. I would also highly appreciate Tru...
Elaine Chen
Tax Q: How to file when parent holding LLC is in different state
Hi, newbie here! My partners and I formed a parent company in WY and a subsidiary llc in Ohio to purchase a real estate investment property (where we purchased property in 2021). All we had in 2020 tax yr was fees to ...
John Fider
How do you organize your portfolio finances?
Does your entire portfolio go into 1 bank account? How do you know how much money is allocated in each property so as to not use up funds you saved up for rental A, to pay for rental B's expenses? How do you keep it a...
Cam Galasso
CAPITAL GAINS TAX???
If I start a house flipping BUSINESS under an LLC, do I still pay capital gains tax like an individual would?
Soniel Estime
Financing strategies with a partner
My partner and I have about 50k each to invest. I have never financed a deal with a partner before. What are a few creative or conventional financing strategies to Buy and hold/ flip when you have a partner or two. Wh...
Account Closed
Confused on income Tax for Potential rental property
Let's say I live in California and make $255,000 of taxable income, from my advertising company. I want to buy a duplex with all cash that would start paying me $2,000 a month after all expenses have been paid (other ...