Elizabeth Wilson
Roofstock is coming to Memphis
21 May 2017 | 25 replies
Is the person on the ground making those decisions licensed or just an employee of RS?
Brian Welch
Do I really need a federal tax ID and LLC?
26 April 2017 | 3 replies
Unless you have actual employees.
Dejahn Renrick
200k profit from my 1st flip, What now?
3 May 2017 | 81 replies
IRA contributions are limited to $5,500 + $1,000 catch up if aged 50 and above and spouse is eligible for same; Solo 401k contribution is $54,000 + $6,000 if aged 50 and above, spouse is eligible for same if an employee of the business.Flipping in a retirement account may subject it to adverse tax consequences, if considered to have been purchased with the intent to sell.In summary, investing in RE using retirement accounts is a great strategy but with regard to flipping there are some gray areas.
Wilson Cheung
Seeking other Mack investors
25 August 2017 | 28 replies
THE UST padlocked the door today at the offices of Mack all employees sent home
Carson Wilcox
Starting out... help me understand the tax man
9 June 2017 | 6 replies
If you have elect S-crop, you don’t have to pay self-employment taxes on the Corp’s Net Income, but only after the reasonable salary to the employee (which will be you).
Benjamin Blackburn
Sub $30k properties in Houston, Texas? Where are you investing?
20 June 2017 | 10 replies
Find some wholesalers or put a search criteria in HAR
Sharon Tzib
May 2017 Houston Housing Stats
13 June 2017 | 0 replies
m=6&y=17&utm_source=HAR%2FMLS+Master+List&utm_campaign=45fa61a732-January+2017+MLS+Release&utm_medium=email&utm_term=0_5c0a7c027d-45fa61a732-252424337Houston Real Estate Highlights in May: Single-family home sales rose 11.5 percent year-over-year with 8,156 units sold;Total property sales increased 12.3 percent with 9,744 units sold;Total dollar volume jumped 17.4 percent to $2.8 billion;The single-family home median price rose 4.4 percent to a record high of $235,000;The single-family home average price climbed 4.3 percent to $302,362, which was the second highest level of all time (highest was $302,629 in June 2015);Single-family homes months of inventory grew to a 4.1-months supply, the highest level since November 2012;Townhome/condominium sales surged 16.5 percent, with the average price up 3.1 percent to $206,363 and the median price up 0.9 percent to $163,500;Leases of single-family homes soared 31.0 percent with average rent down 4.2 percent to $1,779;Volume of townhome/condominium leases rocketed 46.2 percent with average rent down 6.7 percent to $1,565.
Scott Walther
Who has the self directed 401K, not ROTH??
14 June 2017 | 15 replies
But the catch is that it is not for everyone, you must be self-employed or own a small business without employees in order to qualify for it.
Harvey Corsino
I need some answers regarding solo 401K
15 June 2017 | 5 replies
You would need to be self-employed with no full time employees in order to establish such a plan.You would need to terminate employment with your current employer in order to be able to roll those funds to an IRA or 401k of your choosing, unless you are already over age 59 1/2, in which case you will have that flexibility to move funds while still employed.Solo 401k plans are offered via brokerages and in a self-directed format.
Reese C.
To Build or Not To Build - Denver Area
16 June 2017 | 5 replies
(You should specifically ask them if their crew is employee or subcontractor.