
10 May 2024 | 1 reply
Your responsibility to defer all tax is to purchase at least as much as your net sale (70% of the total net sales price) and to use all of your net proceeds to do that (70% of the total net proceeds).How you accomplish that and with how much debt is totally up to you

9 May 2024 | 16 replies
With you, and not leading with taxes!

10 May 2024 | 6 replies
If I purchase in the name of the LLC and move it into the trust then the LLC no longer owns the property (mortgage) and are there tax consequences for the LLC to do this and should I dissolve the LLC?

10 May 2024 | 2 replies
These tenants were properly screened, passed background, credit checks, employment, etc.

7 May 2024 | 2 replies
What business credit cards that have 0% interest to start are the best to get?

10 May 2024 | 6 replies
Any income generated from the property, such as rental income, must be deposited into the Solo401K account, and all expenses associated with the property, such as property taxes and repairs, must be paid from the Solo401K funds.

10 May 2024 | 5 replies
Right now you're earning 5.14% interest on your money, and you pay income taxes on every bit of that $1800 per year.Meanwhile, I won't even consider a rental property unless it pays me at least 10% cash-on-cash return and a minimum of $250+ in monthly cash flow.

10 May 2024 | 8 replies
The E will tell you 2 things...it covers rental property and what entities flow through to your tax return.

9 May 2024 | 11 replies
If you have multiple people on the company, you ideally want the person with the highest credit score to have the most ownership percentages.

10 May 2024 | 10 replies
You might want to consider setting this up through an entity like an LLC for asset protection and tax benefits.