Stephanie Peterson
What is better STESSA or QuickBooks?
Hello All,I use Stessa but am looking to change to quickbooks because I can't reconcile my accounts quick and easy on Stessa. Maybe I am not seeing how to do this but I am curious what others are using to track their ...
Daniel Thomas
Cashing out 401k to invest in RE
Has anyone cashed out their 401k to try and get a greater return on their money and use the proceeds to invest in RE? I have contemplated doing this.
Chris Licavoli
Buying Rental Props with Self Directed IRA
Greetings BPers!
I would like to learn how to purchase a rental property through my self directed IRA. I have an account through Equity Trust. I have enough in my SD IRA to make the down payment of 25%,...
Skip Gilliam
where to start investing so I can quit step away from my job ASAP
A little background on me, I'm 38 been with my current company 22 years managing a large retail business. I get paid fairly well, $90,000+ annual salary but I'm just exhausted with the hours, nights, weekends and holi...
Lois S.
Update Tenant Credit Info during occupancy?
I received a notice of changes to a credit card account, which includes a statement that "the issuer may, from time to time, obtain employment and income data from third parties to assist us in the ongoing administrat...
Thomas McPherson
Investing in RE through an SDIRAs
Hi all, I would like to start the conversation and hear about other's experiences investing in Real Estate through their IRA. Here is a brief explanation on how to do it.
Key Steps:
Set Up an SDIRA: This allows yo...
Bienes Raices
Making a loan to an LLC
What would be the rationale for making a loan with a promissary note from your personal name to your LLC instead of just making a capital contribution? Is there some tax advantage to doing that? It seems simpler to j...
Frank S.
Lender is asking for 2 yrs of records on refinance after 6 months
Hi there,I am refinancing a cash purchase after 6 months. The lender is asking questions about transfers between accounts and 2 year records for others. I don’t recall having to do all this work last time I refinanc...
Tucker Long
Setting myself up to be lendable from flip/wholesale profits?
Hey all, trying to setup business structure for 2019 to improve lend-ability/DTI in future years. This post is about improving lend-ability, not tax savings (which seems to be the topic on most LLC vs S corp threads I...
Timothy Riley
My secret mentor hit me with an honest curveball!
My secret mentor hit me with an honest curveball!SDIRA Consultants, SDIRA Holders, Real-Estate Tax CPA’s, Attorneys, Chime in:First - my secret mentor is my attorney which sounds odd seeing that we have two differen...