Trace P.
Source of funds to LLC Bank Account
Hi BP friends,
I have recently set up my single member LLC and opened a LLC bank account. I have questions with regards to funding my LLC Bank account. I have some cash in my personal bank account and some cash from...
Pat Griffith
3-Way Partnership Structure
Looking for some advice on how others have structured a 3-way partnership. Partner 1 brings in deals and manages the business Partner 2 brings repair and renovation skills Partner 3 lives out of the area and brings ca...
Mario Nacev
Running #s on a charitable donation
Hello I am hoping someone can walk me thru the following hypothetical situation:Property purchased by an LLCRented to Charity for: XRental Income contributed back to Charity 100%: XPlease describe what this would look...
Rich Hupper
Two flips this year how to avoid self employment tax
HiI bought two properties this year and sold them for a profit. It is my understanding the profit from those flips will be treated as active income and subject to self employment tax. However I didn't even lift a fing...
Aquila Oliveira
401k to SDIRA for rehabs
I was wondering if anyone had good insights on how to use a 401k to fund deals and flips. I heard you can switch your 401k to a self directed IRA and use the funds to do as such. my questions are the obvious ones. PRO...
Jay Helms
Time to re-invest in a 401K?
Some time ago, I stopped contributing to my day job's 401k. I wanted to take every penny I earned and make it available for REI - the annual 1.25% increase over the last decade wasn't cutting it from the 401k. Howeve...
Josh Carter
Best Self Directed IRA?
Any recommendations? Currently talking to a company called Equity Trust whose fee is a little above 1%, does anyone know of a self directed ROTH IRA that can do better?
Michael G.
Fair profit split between partners
Hi all
After a pretty successful growth period, my business partner and I have have been approached by a number of people who are interested in partnering on some larger projects.
We are looking at a 6 unit buildi...
Ravi Veer
Self-directed IRA/401k - conflict of interest triggers "prohibited transaction"?
Hi,
I am planning to start an LLC to purchase a real estate. My friend's IRA (IRA-A), my IRA (IRA-B), my friend (A), and me (B) are planning to invest. I have been reading up on IRA-LLCs and have a couple of questi...
Joey Llamas
Looking for advice to start in my real estate investment journey
Hey guys,
So I am doing my best with saving at least 20 percent of my paycheck that I will eventually use as a down payment on a FHA loan and try to house hack on a small multi family property.
Will it be wise to e...