Scott Webber
Protecting Housing LLC's in Prenup from Divorce
I'm in the process of drafting a prenup; I currently have two LLC's, with a total of five houses combined valued at roughly $900K, half of which is mine, half belonging to my business partner; I also have two rental p...
Mike Taliaferro
New investor from Topeka, KS
Hello BP,My name is Mike and I am a new real estate investor in the Topeka, KS area. I am currently working full-time as software developer. I have been involved in the field for 21 years now and am looking for a ch...
Jeff Wilson
Tax guy is saying I can't claim a property I held more than a year as capital gains
Instead he is saying I need to claim it has self employment income since it was not a "one time only situation". This is a fix and flip that I loaned money to. I have performed 3 other fix and flips and am continuin...
Vlad Gurovich
Can I rollover my old 401k into my spouses Solo 401k
Hi folks!I have been reading a lot about solo 401k this week and I have a question that I haven’t been able to find an answer to l:My wife is self-employed with significant taxable income and is eligible to open a sol...
Cody F.
Tenant application pipeline, how do others manage this task?
I'm trying to automate and streamline my application process. Currently I'm posting my available units online through apps like Zillow and social media like Facebook. Driving traffic isn't my problem. The problem is...
Kyler J Sloan
W2 Income History
So, I am about to switch jobs, but also hoped to buy another house very soon. Is a 2 year income history all that is expected, or will it matter if switched jobs immediately prior to applying for financing? Thanks!
John Underwood
Loss of business mileage deduction for those with W-2 income
My CPA had a letter in my tax prep documents that says that those with W-2 income can't deduct business mileage anymore.This is the first I had heard of this. I don't have W2 income, so I am good but I'm sure there ar...
Rick Whitley
Solo401K and Day Job 401k
I have just found out about a Solo401K. I have a small company on the side. I am a sole-proprietor but I still have a day job. Is it possible to fund a solo401k from my day job 401k and still keep the day job 401k? Ho...
Dustin Verley
Transition for PST to a Self-Direct IRA
So I've asked this on numerous FB groups and have gotten little, to no, response. Hopefully I have a little better luck here.My current employer offers an exceptional benefit through PST, or our profit-sharing trust, ...
Walt B Philip
Self owned management company - taxes
I’m in process of learning how rental properties tax deductions work. One item I see is properly management.
If I manage my own property, can I form a LLC as a property manager with myself as the employee? In essen...