All Forum Posts by: Les Jean-Pierre

Welcome aboard.

likely violating lease.

Thanks!

I put together a site using squarespace. it is a blog but only took about ten hours to put together. Vix and weebly are options too.

My family owns a three family in Brooklyn. We have owned it for 35 years. We just refinanced it(there was no mortgage on it). I just did the quick math and we are barely beating the 2% rule and we only took out about 35% LTV. So, I can't see this rule applying here unless someone got extremely lucky. Having said that, I have seen some people get great deals recently. NYC has a lot of cash buyers so competition is fierce.

Hi, I created an LLC in NY 6 years ago. Just go to the NY DOS website. You can do it online now. In NY, there is a publication requirement. I think you can get the newspapers down by Borough Hall. Costs 225 to incorporate. If a single person llc, it is a disregarded entity for tax purposes. I have some items I can share as well. The incorporation process is easy if you go that route. We had a property that was free and clear so having an llC made sense. But, you need to be properly insured as well.

thanks!

Great thread. I have a question or two: if you had a substantial amount of money in multiple IRA's and about 20 years from retirement would you do the SDIRA or Solo 401k? Can I buy a property through the solo 401k and then use for my own use without a tax hit?

I should also say I give all the info to the accountant. Keep good records.

I think it would be an addition to some line item of your taxes.