Michael Plaks
Crazy technicalities: how the IRS defines your age. Spoiler: it depends.
29 December 2024 | 1 reply
For instance, in Sec. 401(a)(9)(C) it says:...The term “required beginning date” means April 1 of the calendar year following the later of—(I) the calendar year in which the employee attains the applicable age...Example 3.
Aidan Williams
Cleaner Making More than Property Manager
28 December 2024 | 12 replies
I own five (5) service franchise locations with 53 employees.
Greg P.
Getting Started. How & What would you do with $750k? Suggestions?
30 January 2025 | 48 replies
Military, Civilians & Government Employees to Buy Overseas Real Estate (Scalable & Innovative Approach)Path 1: Traditional Real Estate Investment StrategiesWith $750K, you could:- Buy Cash-Flowing Rentals in High-Growth Markets: Focus on landlord-friendly states with strong job markets (e.g., Texas, Florida, Tennessee, the Carolinas).- BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat): Use leverage to scale a portfolio of multifamily or single-family rentals.- Section 8 / Affordable Housing: Provide government-backed rental income, reducing risk.- Short-Term & Mid-Term Rentals: Capitalize on Airbnb, traveling nurses, and corporate housing.- Mobile Home Parks / Multifamily Units: Higher cash-on-cash returns compared to single-family homes.You could also leverage financing to stretch your capital further, securing 2-3 properties with only 20-30% down payments per deal.Pros of This Approach💶 Predictable, steady cash flow✅ Lower risk compared to development projects👌🏾 Scalable with financing optionsChallenges🫰 U.S. real estate market is competitive and expensive⏳ Managing properties can be time-consuming🏘️ Requires multiple properties to generate full-time incomePath 2: Start a U.S.
Matt Weddon
Legally Rejecting Applications
2 January 2025 | 18 replies
Renting, like hiring an employee, taking on a business partner or client and marring (even more so), are relationships that can be costly if made hastily or imprudently.Like others, I have check lists that I do not deviate from.
Robert Bell
Blue Oval City's Delay May Open New Opportunities
26 December 2024 | 3 replies
We live in Lakeland, TN 20 miles from the Blue Oval site and I recently had a new BO employee rent one of my homes with a potential to sell in the Spring/Summer of next year.
Izraul Hidashi
If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?
15 January 2025 | 34 replies
But a lot of bank employees, real estate agents and regular people don't know it or they just don't believe it.
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
19 January 2025 | 42 replies
The plan is to put the rentals in SCH E of our joint return and file with TurboTax-We live in Florida-Leases under my wife's name, Airbnb app under my name, dedicated bank account for all rentals activity in the name of both-We have umbrella policy for liability protection for the rentals-We leverage some contractors (for example cleaning lady for the Airbnbs or lawn maintenance guy) that we pay >$600 for their services in a year and they are not our employees.
Alex Silang
What drives you to aim to attain super wealth?
28 December 2024 | 23 replies
Maybe it’s making the world a better place, maybe he feels responsible for all the employees who have jobs that make their dreams and hopes come true?
Fareen E.
Refusing a Tenant Prospect Before Showing/Application
13 January 2025 | 31 replies
I worked for a property management company that requires all potential tenants to check into the main office prior to showing as a means to provide a safe showing for the employees.
Raghavendra Jakkani
Income verification for a tenant
23 December 2024 | 9 replies
Employer is wherever and the employee can work wherever.