Chatree C.
Setting up Solo 401K Plan as an employee
I have a side online business, self-employed, and my CPA suggested that I should open solo 401k with that business and move my SDIRA funds into this Solo K account since it's got better tax treatment around UBIT.I con...
Chase Gibson
Oklahoma Investor Success Story
Background: 25 years old with a full time W2 accounting job. I grew up with a dad that owned rental properties, but I did not get very interested in the business until the spring of 2016 when I started devouring book...
Tara Piantanida-Kelly
Use my self-directed 401(k) to fund your deals
I can't use MY self-directed plan funds to fund MY PERSONAL deals, and you can't use YOURS for YOUR PERSONAL deals... BUT, I can invest MY FUNDS IN YOUR DEAL, and you can invest YOUR FUNDS IN MINE. If you either hav...
Glen Parmenter
Investing from my 401K
In looking at my 401K today I have just shy of $1000. I would like to grow that to at least $5000 and invest but is there a way for me to invest sooner?
Dave Klein
How many units to qualify as a Real Estate Professional?
If you're a designated Real Estate Professional as far as taxes go how many units are you self managing?I'm self employed and my day business makes a pretty good income. Employees take care of most of the work so I do...
Doolan Wesley
Real Estate Accounting Practices
Hey everyone,
So I'm just finishing "The Book On Tax Strategies for the Savvy Real Estate Investor." It's a good book on real estate tax strategies for investors to implement into their daily lives. Has anyone else r...
Michelle Jones
First Multifamily Property - Where would you buy?
Hi all! I am looking to purchase a 2-4 unit multifamily property. I am from CA and just moved to CO but both of those areas are super expensive to get started in. I am wording what cities have a relatively low entry c...
Michael Clemson
Emergency Room trip tax deductible?
I hit my head at my own rental this weekend, lacerating my head and taking a trip to the Emergency Room. I'm the proud owner of a few staples now! (No Urgency Care in the area on weekends.) I'll at least have a co-pay...
AJ Wong
How to lower property management costs on luxury STR vacation rental property
When analyzing a luxury short term rental (STR) vacation home for investment in today's mortgage rate environment, the ROI & margins can be extremely tight. Investors that are looking to offset their investment co...
Dan Wallace
Payroll Protection Program (PPP) Loan Forgiveness
As a part of the $2 Trillion CARES Act, the SBA is authorized to lend $349B to small businesses impacted by the COVID-19 economic impact.The primary program for small businesses through the CARES Act will be the Payro...