James Chai
Question of MAX payroll tax as S-corp LLC
9 May 2024 | 1 reply
From the single-member LLC, i pay myself 100k last year to max out on the solo 401k contribution, while still having a W-2 as an engineer as my main job.my main job pays me 170k/year (Google)my single-member LLC rental pays me 100k/year (as S-corp structure)my question is regards to the payroll tax, i know I already max-ed out on the payroll tax on the employee side, any additional payroll side as employee will be refunded in my tax return, how about the employer side.
Allen Stewart
Looking to build and grow
11 May 2024 | 10 replies
You could potentially sell the property and pay practically nothing in taxes!
Carson Martin
My first investment property
9 May 2024 | 0 replies
With a great 3.25% rate and a real cashflow of close to $400 per month this property pays dividends every month.
Jesi Naomi
Help with building credit
9 May 2024 | 5 replies
would hurt anything would be it might decrease the number of types of debt you have but I’d just be happier to have less debt and work on building up your credit score in other more positive ways like paying off some credit cards if you have balances on any of them.
Sung H Kim
Mentorship program for $40k
9 May 2024 | 65 replies
I'm for paying when you want to learn.
Davie White
My friend gave a private loan to someone and is asking can she deduct the principal
9 May 2024 | 3 replies
The person does pay her back and she did report the interest income.
Kristen Haynes
Which Remodeling Projects give you the most bang for your buck?
10 May 2024 | 0 replies
Averaging homeowners about $4,727 and recovering about 189% when you sell, not only will this project pay for itself, but it will seriously improve your curb appeal.Stone veneerAdding a stone veneer yields a high return when you sell your home .
Max Ferrel
Is seller financing more appealing with higher interest rates?
9 May 2024 | 13 replies
So unless they really need to sell and they believe they wont incur further costs getting you to pay or taking the property back when you don’t.
Jake Salisbury
Debt paydown vs. scaling
9 May 2024 | 4 replies
There are times to pay down debt, but certainly not while you are trying to grow.
Kevin Vasquez
What stands out to you on this initial cost worksheet?
9 May 2024 | 8 replies
Background context:I have a 805 credit score, low DTI and attempting to secure the lowest cash out refi to pay off a debt ($50k).