John Doyle
Can I use rental income to fund solo 401k? SEP-IRA?
10 May 2024 | 15 replies
Usually we have a few thousand dollars each year to invest after we max out these accounts (and it usually just goes into a taxable brokerage account where we use it to buy Berkshire Hathaway or Markel or some other stock that does not pay a dividend).That extra money was actually how we ended up buying this duplex - thought it might be a good way to diversify our investments.I was wondering if I could use net income from our duplex (assuming we have net income, and by net income I mean what we report to the IRS) to fund a solo 401k or some other kind of tax-advantaged plan?
Ramsin Jacob
Can a licensed agent, partner on a JV fix/flip deal?
9 May 2024 | 11 replies
I got my materials money back and everything I paid painters, etc..
Michael Miles
LLC's for your properties?
10 May 2024 | 4 replies
An example of this would be mixing your personal money and LLC money in the same bank account.3.
Juliet Silver
Investment Property HELOC
10 May 2024 | 8 replies
For the most part, I have been steered towards private or hard money loans rather than traditional lenders.
Todd Chandler
Best Practices For Structuring Partnership
9 May 2024 | 9 replies
I tend to categorize investors into 3 groups: Group 1: Too much deal flow and bandwidth but not enough money - (Lending is the key to this group's success/scalability)Group 2: Too much money and not enough deal flow - (All cash investing is the right decision).
Jerell Edmonds
House flipping . Understanding the process
9 May 2024 | 2 replies
She told me just like this hire workers that do great work , have a timeline for the flip she said about 3 months is a good time another thing that I found interesting if they don't get it done in that timeframe the lender charges them an extra 1500 each month until home is sold to get money back.
Daniel Dass
How to start STR in the States.
10 May 2024 | 15 replies
I know people that have spent money on courses and workshops, but personally I would rather put that money towards an investment.
Rebecca Cramer
Wanting to buy vacation rental in Ocean City, MD...HELP!
10 May 2024 | 3 replies
I just don't know if OC is too saturated with rentals for the summer and we would not bring in positive cash flow to make money off the rental.
Jason Hill
Mint is Shutting Down! Need Alternatives!
9 May 2024 | 9 replies
I'm already migrating away from Quickbooks next year, so I will no longer be an Intuit customer for any of their products.There are several other options -YNAB, Empower/Personal Capital, Quicken Simplifi, Monarch Money, etc.
Davie White
My friend gave a private loan to someone and is asking can she deduct the principal
9 May 2024 | 3 replies
My friend loaned someone money for a real estate deal.