Matthew Will
EIN and Checkbook IRA LLC
I have created a Checkbook IRA LLC. BackgroundI have formed a Single Member LLC (SMLLC) with the sole member being the CUSTODIAN FBO ME IRA. The SMLLC has a checkbook and EIN. My goal is to invest in Private Equity ...
Andrew Grant
First Tax season House Hack
Long time lurker first time poster!I will be filing this season for the first time being a home owner and house hacker.I would like to work with a tax professional who has experience with this strategy.Tell me why I s...
James Letchford
Business Structure(s)
Today, I went into contract on my first deal for a buy and hold property (with intent for BRRR). I'm so stoked.Going forward, I'll be picking up more buy and hold properties to add to my list. Here's my question: Wh...
Braxton Warren
Investment strategy need advice!
Below I will give you my portfolio and some of my strategies we are considering for the future. Would love any and all input on how you would allocate money to best set your self up if you were in our shoes. To start ...
Lynn DeShazo
SDIRAs - Is this Kiplinger's article statement right or wrong?
Tax people: Is this statement from a 2011 Kiplinger's article right or wrong? Here it is:"But investing in real estate inside an IRA comes with strict rules. Complication number one: Owning property in an IRA negate...
Deepti Mandava
Self directed IRA for RE + mortgage loans
Hi - I recently started exploring the possibility of using my consolidated retirement funds from other companies to use for RE investing and have read about self directed IRA. Anyone done this ? I am looking for a nic...
Courtney Downtain
Traditional or Roth IRA?
Hey BP team!I need some advice on how to pull my 401K for investing purposes. I want to be able to rollover a portion of my current employer's 401K into an IRA account, but all of the FAQ's I have read seem like a Rot...
Account Closed
Self Managing with a company Name/LLC - First Time Investor
I have been looking around and cannot find a clear answer/discussion on the topic, but does anyone have experience with self managing through their own property management company?I see many people marketing their sel...
Peter Thielemann
Rolling a 401K to a self-directed IRA to invest in real estate
Hi Peter "newbie" here, I'm new to BP and looking for Pros and cons on rolling my company-sponsored 401k into a self-directed IRA to purchase rental properties. I understand you have to go to a Trust Company/custodian...
Andrew Smith
Rental Property Owner - diff. names used report rental income?
The property I own is under ONE LLC and the rental income I receive goes into a bank account under a DIFFERENT LLC name. I have an EIN for the DIFFERENT LLC and used that to fill out the W9. Which name will I use to r...