Miguel Suarez
I'm Planning To Buy A House Out Of State early 2024 (any suggested states to invest?)
24 May 2024 | 259 replies
I love the SE coordinator next to the lake...Bronzeville, Hyde Park, Washington Park, South Shore, Woodlawn!
Joseph Skoler
Transfer real property from s-corp
20 May 2024 | 28 replies
. #2 reason is that rentals already bypass self-employment taxes (usually) which is the primary benefit of an S Corp (reduce SE tax plus PTET possibility).There is zero harm leaving it in the S Corp just don't revoke your election.
David Chwaszczewski
Setting up a eQRP vs. SDIRA
21 May 2024 | 138 replies
@Winter Jones,To qualify for the Solo 401k you must have legitimate self-employment activity, here is the explanation from the IRS, you must meet those criterias: https://www.irs.gov/businesses/small-businesses-se...
Evan Bell
Anyone use 1800ACCOUNTANT??
16 May 2024 | 24 replies
I haven't talked to any CPA's that specialize in real estate or investing per se, just ones that have said they can do taxes for me.
Viral Mehta
Remote management - internationally
15 May 2024 | 5 replies
Hey mate,My opinion is to hire a local trusted property manager.Investing in real estate should not be about getting yourself into "another job" but rather elevating and delegating.Don't do the "$20 per hour work" per se but rather focus on scaling your portfolio.Granted a property manager can "make" or "brake" an investment so be super diligent.Just my opinion for what it's worth.All the best
Ravi Karuturi
New Ground up Construction Loan Lender
15 May 2024 | 20 replies
Usually, if you qualify you could get up to 75% of the value post construction for funding to do the project but in stages.So there won't always per se be a hard downpayment.
Jade S.
Cardone Capital...anyone looked into this?
20 May 2024 | 177 replies
Not saying they will do this but we are seing sponsors raising money for as a "Debt fund" which is really a capital call but not from current investors.
John Doyle
Can I use rental income to fund solo 401k? SEP-IRA?
10 May 2024 | 15 replies
. $800.00) (note this would be less than ordinary income paid otherwise, plus 50% of SE tax is a deduction.)• $4,200 contributed to solo traditional 401, then converted to Roth.
Darren Maloney
Cost Segregation & Accelerated Depreciation
9 May 2024 | 16 replies
I will be hands on and am seeking an active qualification to capture the offset to other W2 and SE income.
Robin Evans
Self employment or long term investment income
7 May 2024 | 8 replies
If business, then ordinary rates + SE tax, even if longer than 1 year.Step 2: If capital investment, then more then 1 year or less than 1 year?