David Huynh
Solo 401K and Real Estate
23 March 2018 | 7 replies
You can't set it up just for purposes of qualifying for a Solo 401(k).Also, if you contribute to your day job's 401(k), you can still contribute to your Solo 401(k), but the total contribution limit ($18,500 for 2018) is the max for both plans combined, not separately, meaning that it's not $18,500 for your day job's 401(k) and $18,500 for your Solo 401(k) but rather a grand total of $18,500 for both.
John Lee
How to transfer a property from s-corp to LLC
21 March 2018 | 9 replies
X LLC wholly owns x LLC, y LLC, & z LLC, which are disregarded entities for tax purposes.
Niki C.
Notice to enter rental unit question
20 March 2018 | 1 reply
The reason is for the PMI removal Purpose, they want to do a quick 10 mins walk through the unit and take pics.
Jarid Wilson
Contracts for a REALTOR
3 April 2018 | 5 replies
@Brittany SimmsIt is always best to do your research before you go look at the property so you know exactly what you can offer and back that up with comparable properties and market data.
Jeff Ju
Request for a payoff and reconveyance
22 March 2018 | 6 replies
The interest was pre-paid before year end for, what I assume was for tax purposes.
Aaron E.
Moving 1031 DST property into irrevocable trust? look-back?
21 March 2018 | 5 replies
He would like to move this investment into an irrevocable trust for estate planning purposes.
Brian Pulaski
Different flooring Types Opinions.
22 March 2018 | 4 replies
@Brian Pulaski maybe a trip to home depot is in order to pick out the floor you want then walk over to the stains and compare colors.
Lak Chilam
multifamily is residential or non residential for water billing ?
24 March 2018 | 10 replies
The increase is from $50/unit due to the "Clean water Atlanta" project, which mirrors the numbers you mentioned.They compare Atlanta to NY, and if my tenant's usage approached the average usage, I'll be paying almost as much as you.
Jeff Copeland
Pinellas County Florida Feb 2018 Real Estate Market Stats
22 March 2018 | 3 replies
Some highlights:The Pinellas County real estate market is continuing to see higher sale prices and units moving at a faster rate...compared to February 2017.The Median Sale Price for Single FamilyHomes was up by an impressive 10.0% from last year, at $244,250 for February 2018 versus $222,000 for February 2017.
Arthur Kineard
How do I show income while minimizing taxes?
23 March 2018 | 6 replies
So it's essentially a good-as-gold full expense for tax purposes, but it doesn't hurt you on your mortgage application.So make sure your CPA is aware of these things and is not afraid of the home office deduction.Also, if you have a large non-recurring expense this year, this is worth talking through with your lender.Someone like @Chris Mason could probably elaborate.