When you receive your rent money, it goes into a specific account. Do you write yourself a check, or just direct deposit it from that account a certain amount that you feel directly into your personal account? What ...
Hey everyone,Tax question regarding an inherited, traditional IRA.I am a non-spouse beneficiary which was listed in the will of the deceased. Therefore, it does not have to go through the estate and probate period.My ...
When is the average time period that a syndication will start paying you returns on your investment? Immediately, 12 months, 18 months etc.
For those of you who have multiple properties under multiple LLCs, how are you managing financials and books since airbnb only distributes funds to one designated bank account?
Currently 1/3'rd owner in 4 LLCs that each hold a separate single family residence rental. The 4 LLCs are subsidiary LLCs to a parent LLC. If we sell one of the houses is that considered a distribution and we have to...
I took a 100K distribution from my 401K thru the CARES Act and split the taxes for 3 years. I paid taxes in 2020 on $33,333.33. I would like to pay back $66,666.66 so that I can have an amended return filed for 2020...
Before you make you first deal either flipping or wholesaling do you think that it is best to make a LLC ?
Hello everyone,I have recently formed relationships with a number of real estate investors in my area (Akron / Cleveland, OH) via a law degree I started last August.I happen to have good relationships with people more...
In the past couple of weeks I have run into two potential houses that use boilers for heating. One house had a separate AC system with ducts and the second did not have any ducts. I'm thinking that the 2nd house will ...
I need some help. Ok here is the scenario. I purchased a mortgage note with in my SDIRA the note turned non-performing. I foreclosed on it. I am thinking this means the property is now owned by my SDIRA. I want to ...