
20 February 2025 | 6 replies
@Ricky Sanchez Since your vacant lot is titled under your LLC, a 1031 exchange requires the replacement property to be purchased under the same entity.

2 March 2025 | 5 replies
There are certain brokerages that act more like true w2 employers, but for the most part you will be managing yourself.

20 February 2025 | 3 replies
This change emphasizes that under specific circumstances, courts may "pierce the corporate veil," holding individuals personally accountable for the company's debts and obligations. ilga.gov2.
28 February 2025 | 4 replies
You can contribute up to $69,000 combined as an employer and employee depending on your income.

11 March 2025 | 2 replies
Lenders typically look at your full tax return (Form 1040) with Schedule C (for self-employment income) or Schedule E (for rental income) to verify income.To qualify for a home loan, banks generally require:At least two years of reported self-employment income.Tax returns, bank statements, and possibly profit & loss statements.A solid debt-to-income (DTI) ratio to ensure you can handle mortgage payments.If you’re newly self-employed and don’t have two years of tax returns, you may need to look into bank statement loans, which some lenders offer based on income deposits instead of tax returns.

23 February 2025 | 80 replies
My brother was a White House PIF under the first trump administration.

6 March 2025 | 9 replies
Self-Employment & Social Security Income – While these income sources can be stable, self-employed income can fluctuate, so verifying consistent deposits over time is key.

22 February 2025 | 9 replies
@Jorge Liang Closing the loan under your personal name saves about $1,200 in lender points, but transferring the title to an LLC later comes with costs and risks.

10 March 2025 | 9 replies
If your 401K is with your current employer, it is (effectively) impossible to make it an SDIRA.

24 February 2025 | 16 replies
It will allow you to invest the money on your own but under authority of the custodian.