James Palassis
Deducting Expenses Before First Purchase
I am planning on purchasing my first rental property within the next 6-8 months. Right now I am leaning on purchasing in my name without going the LLC route at this time. My question is... since I will incur expenses ...
Armand P.
Coverting my Roth IRA and or 401K to Self-Directed?
Hi BP,
I’m considering converting My Roth IRA and 401k retirement accounts to self-directed so I can invest in real estate. However, I’m still employed and read that I’ll need to open a IRA LLC in order to invest. Wo...
Dave Birck
Investing with 401k Monies
I'm looking to find someone who is using their 401k fund to invest in real estate. I've read about having to keep the money at arms length (3rd party) and not being able to actively manage properties. Particularly int...
Dominique Mickles
Having Cash In Bank
Is it true that if I want to buy a house with cash it must be in a bank account for 2 months before I can purchase the home? (I was told saving it in my mattress won’t do me any good)
Eric Sanne
Bank Statement Loan for Self-Employed
Hi everyone,My wife and I are self-employed and finding it difficult to qualify for traditional financing. Imposible actually. I stumbled up bank statement loans and just spoke with a loan officer for an hour asking a...
Weikang Chen
Self-Directed IRA Account
Anyone have any experience using a self-directed IRA account to invest real estate?Please share your experience and tips.
Also which custodian do recommend to open the account with?
Ashley Whidby
Rental Income and Taxes
Hello everyone! My question is about rental income and taxes. My tenant just moved in on October 1st and I want to be sure I am keeping all of the appropriate records for tax purposes. What records should I be keeping...
Tristan Romero
Opening up LLC
Hi everyone! I am a newly licensed realtor in Sacramento CA and just bought my first investment property as a house hack. I want to open an LLC now so that in the future when I am ready to move any of my investment pr...
Viktoria Brown
Best entity(s) for Canadian residents investing in US RE
I heard that as a Canadian tax payer I am best off with a combination of a Canadian and US entity, does anyone have any advice on what structure to use? Thank you.
Eric Andersen
Help with income taxes - first time homebuyer w/ rental income
Hi there,
I was a Texas resident last year and purchased a primary residence (duplex) in California which I didn't move into until this year (2021). Usually my dad does my taxes as they are really straight forward, ...