E.S. Burrell
Buying your own health insurance
5 February 2020 | 32 replies
Investments made through the HSA when they pay off are not counted the same way as payroll contributions, because they are owned by the HSA they are tax exempt as well.
Account Closed
Labeling yourself as "PM" instead of "LandLord/Owner" to tenants
11 January 2020 | 32 replies
If I owned something bigger than a four-plex and lived in it or worked on it on occasion, I would definitely pretend I was just a tenant or a contractor on payroll when I showed up to fix things or supervise work being done.
Rhiannon Then
Fair Security Deposit?
31 July 2017 | 40 replies
Maybe not the most sophisticated calculation but made sense to me at the time :)The current tenants are MTM, so I wouldn't be breaking any lease terms.
Heather Johnston
Morris Invest - Update and/or Alternatives?
20 October 2023 | 47 replies
I don't know what passes the muster for "sophistication," so I still may not be eligible yet; still, I'll look into that option!
Evan McMullin
How to find a sponsor?
19 July 2015 | 10 replies
They will probably have someone on payroll that deals with fundraising.
Yas Tahir
Is passive rental income subject to Self Employment Tax
1 June 2018 | 18 replies
Go find another CPA immediately bad.Moving property out of a Corp is a taxable event, while it isn’t necessarily for an LLC, so that’s not a good thing.Also, if you are a S corporation if you want to take money out of the Corp you must first pay yourself a reasonable salary (and pay payroll taxes on that).If you are a C corporation, you are subject to double taxation (all income is taxed at the corporate level, and then again when distributed to you).If you are a real estate developer it makes sense to own property through a corporation, but not rental real estate.I strongly suggest talking to someone else about you tax situation.
Joe Splitrock
What Do People Get Wrong Most Often
27 March 2020 | 60 replies
In all the podcasts they talk about how the best way of getting education is actually doing it, and I think that once you got started and you start finding your RE niche then focusing and expanding your knowledge in that niche will help make you a sophisticated investor.
Wade Kulesa
Is Dave Ramsey correct? Anyone still around after 10 years?
4 August 2020 | 177 replies
Especially in these situations, becoming knowledgeable and sophisticated as a borrower is table stakes.
Reid Ferguson
Bank Promos via Rental Deposits?
13 November 2020 | 1 reply
I was hoping to take advantage of a bank promo (eg. earn $300 when you direct deposit $500+ in each of the first 3 months), but the disclosures limit direct deposit to payroll, pension, Social Security, etc.
Aaron Sheagley
Interior paint color for a flip
10 April 2020 | 26 replies
It’s an off-white color collection that is highly sophisticated and versatile.