How do you record cash contribution to a company in quickbooks when you are transferring funds from personal bank account to a business account? Do you still use "make deposits" and leave the payment method blank, or ...
This is more of a tax questions that real estate, but the funds would then be investing in real estate.My plan is to set up a Solo401k before the end of the year, but have a few questions during the planning phase bef...
Wholesaling as you may or may not know is a way of investing in real estate by placing properties under contract typically at below market value with the sole purpose of transferring that contract to a cash buyer at a...
Hi,I cannot find any literature from the IRS on whether contributions to a Solo 401k from an LLC taxed as an S Corp have to come from the businesses account or if they can come from a personal checking account. My acc...
Thanks for taking the time to review in advance. I just wanted to get some clarity on proper protocol. On a partnership LLC, when you do a distribution , are you offsetting account for your owner contribution , ( so ...
Do you still contribute to your Roth IRA even though you can get better returns on real estate? I have maxed out my Roth IRA for the last 3 years. This year, I have the money to max it out again, but I don’t know if I...
BP,How can I get money for a down payment to a holding LLC?My partner and I plan to purchase our first investment property under a LLC we are setting up for this venture. We plan to own the company equally.He is the ...
Good afternoon.Just wanted to get some opinions regarding raising additional capital for REI. I'm pretty new to the whole REI adventure, been here on Bigger pockets for 3-4 months and learned a lot. My biggest barrie...
I've recently setup an LLC to buy rental properties. When I contribute money to my LLC (not as a loan) to either buy real estate or deposit cash reserves into the LLC bank account, is this classified as income for the...