I bought a home in June 2017, I just sold it and am set to close nov 28th if all goes smooth. It was a home to flip and not my residence. Do I have to pay taxes on my prophet ? Or can I use the money to roll into anot...
Looking to fund a purchase/s by possibly utilizing funds in 401K and 457. These are from previous employers where I never got around (might be a good thing?) to rolling them into a single account.I will not be able to...
Hi BP Community,I could use some advise on options available for retirement accounts from past employers. I do have a few accounts available and I think it's fairly easy to rollover into a Self Directed IRA using a cu...
Any savvy RE-friendly Lenders in my area (Eastern Washington)? Need to pick your brain. I have just passed my first year as a self-employed and looking to get my second property. However, I cannot go with the traditio...
I want to buy a house. The situation is I've been a plumber for years and I know banks want you to have the same job for two years with taxes. But I want to get back into selling solar because of a lot more money. I w...
Hello,
What are all my flippers out there using as their entity for flips? S-Corp or an LLC?
Can you list the pro and cons of each for this specific application (flipping)?
I have heard S-Corp you can potentially ...
Questions: (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan? (2) If so, is the interest paid by the company a deductible expense to the company reporte...
I'm looking into a solo K as a one investment strategy for Real Estate. For those of you that have set those up I'm wondering how well they have worked for you and where do you park them? Do you like who you're dealin...
Hi, I'm screening tenants for my next rental and have an applicant who is self employed. How would you recommend verifying his income? Are there extra stipulations you would include in the screening process if a po...
I would love to refi my primary home (and if possible do a cash out refi on another property) but I'm self-employed and of course most of my 2020 income has moved to 2021 since my main job is in the wedding industry. ...