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29 March 2018 | 6 replies
Buy and hold is generally safer in the Solo 401(k), or possibly fixing up a property, renting it for a time, and then selling it so it's not "flipping," per se.And of course you always have to watch out for the prohibited transactions and make sure you keep good records for your accounts and work with a banker who knows what they're doing.
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29 March 2018 | 5 replies
You should open a bank account for rents only.
1 April 2018 | 7 replies
Account Closed, without knowing anything about the property, that seems like a good offer.
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31 March 2018 | 7 replies
Would I simply tell my accountant to expense it on one of my properties next year on the Schedule E when he does my 2018 taxes?
1 April 2018 | 4 replies
Account ClosedYou do not need to apply for a rental license until you actually settle on the property.
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31 March 2018 | 61 replies
I understand that in some states it’s not allowed, and in others would need to be kept in a trust account.
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1 April 2018 | 5 replies
But we were eligible for more so they wire it right to your bank and it does not record on your credit ( it's for doctors) but three kids thru college and his 14 years of college an loans money has been tight.we don't drive fancy cars or blow money.ISO WE thought since it doesn't show on your credit and it went into my account today and I already pulled my bank statement 2 month up till before it got deposited.Could I have someone write .e a check as a gift give it back after closiing so nervous.or any other ideas we are desperate.
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30 March 2018 | 6 replies
Now that I have more knowledge, I should be able to easily beat that ROI.I've tried to account for the expenses of purchasing new properties.
2 April 2018 | 2 replies
Account ClosedGood SEO people should be able to optimize for any industry.
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2 May 2018 | 9 replies
I imagine it wouldn't be easy not even for local tax advisor to explain this because tax officers or in worst case financial police could quickly come to my door asking me why did i announce the income ( * ) and pay taxes from low amount if incoming bank wire transfer transaction on my bank account shows much much much bigger amount (total selling amount and not the difference amount).