All Forum Posts by: Roxanne Baisden

I'm looking for a way to buy rentals and be able to take advantage of all the benefits including writing depreciation,etc. I run into the problem that my husband and I have combined income (salaries in the corporate world) that exceeds $200,000 that disqualifies us. How can we structure deals to be able to write everything off? I know it can be done but I have not been able to find a good CPA/tax advisor/financial advisor to provide recommendations. In southern California.... my other option is forget rentals and go with a UIL policy! Thinking seriously about that! 

Originally from South Dakota. Still have family living there. Currently working part time as commercial property manager (office buildings in Orange County California). My husband and I have a goal to purchase some buy and hold units to supplement retirement in 10 years. Would consider out of state deals and interested in SFR or multi units. Also want to bring my adult children into real estate investing. Owned a rental years ago but lost the depreciation write off due to income, so bailed. Wish I still owned that property today! Still can't write off depreciation personally but looking for deals that have positive cash flow whether I get the depreciation write off or not. Looking for referrals to experienced tax consultants and financial advisors. Looking for referrals to wholesalers to vet some deals. Love being part of the BiggerPockets community. Learning a ton.

@Mark Nolan @Dmitriy Fomichenko @Brian Eastman thanks for your comments so quickly. You guys are great with responding to questions on bigger pockets! I appreciate your expertise on this matter. My funds available are middle six figure in previous employer 401k accounts which is likely my best option. Need to research solo 401k more first though before making a move. Thanks again! 

@Brian Eastman if I have a sole proprietorship with $10,000 in revenue but show a loss on schedule c, would I qualify for a solo 401k? 

HSA? What does that stand for? 

I love all these comments. I'm in a similar situation (sort of) and am trying to determine best way to structure RE purchases. We are planning on purchasing first property in 1st quarter 2016. Our combined income exceeds $150,000 but the write offs relating to the real estate expenses for tax purposes go away so buying in our own name does not provide all the advantages I would like it to. We do have some liquid funds to buy properties and we also have in excess of $700,000 in 401k from previous employers to be able to set up a self directed IRA or 401k. Not sure how to structure to gain the highest tax advantage and long term income for retirement. My husband is almost 58, I'm 55. Should my husband and I file separate tax returns since I make less than $150,000 and my husband makes more than $150,000? Does that solve the income issue? Should we set up an LLC or does the cost of the LLC out way the benefits? My daughter and son in law want to invest with us too. Not sure that's the best plan to invest with one of three children but I have them excited about RE. Looking for CPA/tax advisor to have a clear picture on structure and benefits to buying homes and/or duplexes in or outside of a SDIRA. Also looking for guidance in area to buy since living in Southern California has such high RE prices it's hard to get positive cash flows on deals. I have a sister in rapid city South Dakota and have looked at some deals there that appear to cash flow and I love the area. Any referrals or guidance would be appreciated.

Thanks! My confidence in working with them just went up a few notches! 

Ever heard of Memphisinvest.com?  This is one I am currently looking into for investing in Memphis.

Interested to see responses ... Good analysis.