I understand that there are rules regarding prohibited transactions and co mingling funds for Self Directed IRA investments.
Here is what I am trying to achieve and would like to know if this is doable?
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My dad is close to hitting his retirement age and has heard that he needs to either sell his rental properties or pass them down to his children in order for his social security income to not be affected. Is this true...
Are you taxed on the money that you leave in the LLC's bank account? AKA the money that you don't draw out.
It is my second year of college and I have already decided I want to do real estate investing as my career. My original plan is to get a degree in Personal Finance but the more I look into real estate, I feel like I'm...
I was looking for an umbrella policy and have just about given up. After 3 to 4 hours invested I am having no luck.Always a problem.Over 10 rentalsWill not write over the current landlord policesNot available in my st...
Hi all,I will be creating an LLC in the next few days and will be filling in the state of Rhode Island. I've been in contact with an attorney and a few accountants as how they recommend I file, but wanted to ask seaso...
What do you do when you close a lease option deal in which you collect Lease Option consideration??? Legally do you have to hold it as if it was a deposit or can you use that to go find more investments and invest it?...
All, I've read there are better tax advantages for using an LLC for rentals and an S-Corp for flipping. I have had an LLC and recently set up an S-Corp to start doing rehabs. I like the control features of the Solo ...
I'm running my realtor business as an S-Corp while paying myself a W2 salary. I'm trying to see if my accountant filled out my K1 correctly... As it stands, my K1 states a high amount of business ordinary income (Box ...
Hello,Does anyone know if you must pay tax on the “income” earned after refinancing a home you recently rehabbed? If I invest total cost of 80k in a home, get it refinanced at 120k and get 70% of that to invest in ano...