Jithesh Prabhakar
Non-Recourse loan from Uncle living overseas
I have a situation (explained below) and need some advice.
Background :
* My LLC and Solo 401(k) signed a Land Installment Contract on Dec 6th 2013. The percentage of ownership was 60-40 respectively.
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Veronika Pachunuri
Current Tenant want to add a roommate
Hi - a new landlord here and need some advice. I just rented out a single-family home to two last year in college students ( they are a boyfriend and girlfriend). They did not have a good credit score, but they have a...
Simon Ghandil
Offered a job as a commercial broker.
I was calling around trying to find commercial buyers for a property I have, and as I was speaking to the vice president of one of the companies, he offered me a job as a broker right on the spot. He said he loved my ...
Dan Sheeks
Rollover capital gains into a 401k?
Is it possible to invest money from capital gains from the sale of a real estate investment property into a 401K to defer the tax on those capital gains?
Michael Maliszesky
What is a good credit score requirement?
Hello, I just listed my first rental. I am currently asking for a 600 credit score as one of my requirements. But I'm thinking that might be too high and I should lower it to 550. I would like to know what others use ...
William Lackey
Business for landlord
Wife and I flipped our first property in 2020. Recently purchased a duplex and we will rent both units. What kind of business can I start to take advantage of tax deductions. My wife and I are both W2 employees and ma...
Tanya Jayakom
LLC vs LLC treated as S-Corp
Hi Everyone!My name is Tanya and I'm a newbie in RE Market. I'm planning on setting up an LLC for my wholesaling/flipping/creative financing business. I've read some Guru's books talking about LLC treated as S-Corp. A...
Bryan Sturman
Is it worth creating an LLC just for wholesaling?
I'm not sure if it would be more beneficial to keep all money earned from wholesaling properties separate from my income from my everyday job. Just looking for some advice on what the better play is with that.
Lance Lvovsky
BREAKING NEWS: Additional Tax Relief for Hurricane Victims
A bill passed the House yesterday that would grant additional relief on top of what the IRS granted immediately after Hurricanes Harvey, Irma, and Maria. As some of you know, immediately after the Hurricanes, the IRS ...
Sandra Regnell
Solo 401k Advice Requested
Hi I am setting up an LLC and transitioning over from W2 employment. I have a company 401k and an IRA. I set up a Merrill Edge 401k which looks to be really expensive and not what I need. I set up a ubiquity solok but...