Ok, right off the bat, I know Solo 401K’s cannot directly borrow using a recourse loan. But hear me out and let’s discuss a specific scenario:
An LLC is created with 3 equal partners. One partner is a Solo-K and the...
I have a full-time W2 job, 1 rental & in the middle of one renovation (brrrr). My company basically furloughed the entire organization for two weeks. It actually isn't a bad deal, we get to collect unemployment to...
Hi All, I could really use some advice. I moved to Phoenix area from the midwest and renting a SFH while building a new primary residence. I am married with kids and recently learned, after my 6 month old daughter bec...
I hear a lot of people who hate debt. But I love to use debt to build wealth! I view debt the same as I view a fire. Fire can burn down your house, but it can also heat your water, cook your food, heat your home, and...
I am refinancing my primary property. I want to add my brother to the title but not on the loan. Will this cause any Tax issue? Does this consider I am selling 50% of the house to him?
I did a HML for a guy about 9 months ago. Before that he had another loan with me, always paid on time, etc. So the second time around I BROKE MY OWN RULES. I gave this guy 100% of purchase price. Now, he called and t...
Regarding a future 1031 tax deferred exchange, I estimate $800K will need to be invested into replacement properties to continue to defer tax liability of all depreciation recapture and capital gain from the sale of a...
A lot of the background check companies require that the tenants fill out the background check. Is there one that the landlord can run without the tenant having to fill it out? Tenant has approved to have the landlord...
Does anyone know if the Disabled Access Credit can be used to make a rental accessible? Specifically, if we are adding a ramp, a stairlift, or widening doorways for a wheelchair bound tenant?
I am a construction professional in Vancouver, BC and I am working with a friend who owns a property in Surrey they would like to subdivide from a 24,000 SF lot to (2)-12,000 SF lots.
I have a general idea of what ...