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...
Jason Boritz
Trouble getting a loan.
Hi everyone,I was wondering if anybody has any advice on the following -I have been trying to get an FHA loan to buy a house here in Los angeles. The 3% down payment is not the issue, I have had a hard time qualifyin...
Soup Nikk
Fundind a secondary home - moving states
Hello BP experts,I have a cousin who is facing the following situation and I wanted to put this out to the experts and see if folks can shed some light on options available.SituationMy cousin is moving states and chan...
Cedric Brenneman
Getting pre-approved for a loan
Hello all,I am currently looking to get pre-approved for a loan to buy a single family house so that I can live in one room and rent out the others to help pay off the mortage and eliminate my living expenses. I have ...
Anna R.
Taxes on Flipped properties. Do I pay higher taxes?
If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...
Eric Lee
Start with a self-directed IRA, later move to Solo-401k?
Hello,I have been reading up on self-directed IRA's and solo 401k's. I feel like I am starting to understand some of the details now, and have a tentative plan. I'm looking for any feedback/issues with it. Hopefully...
Ellie Narie
Is it considered fraud to hire your girlfriend as a housekeeper?
Okay, this may seem like a silly question, but what we're trying to do is figure out how we can get a mortgage loan to get a fourplex, but we are an unmarried couple, where one spouse is self-employed, and the other s...
Michael McDevitt
Why Do Applicants Lie About Income? Frustrated vent!
I know this comes with the territory, but it is frustrating! I had a very nice couple with a young daughter come look at my nicest rental home (4,300sq ft with $2,800 rent). They were a little young, but both were co...
Brandon Lorenz
Self-Directed 401k -- how much before its worthwhile?
Hi All!Have spent some time reading the posts about self-directed 401Ks -- I had no idea about this structure until I joined BP!What I haven't seen, but am curious about, is how much does one need for this to be a rea...