If you have one property, you put it into an LLC, get an EIN and a business checking account for it and run you income and expenses through it. No problem.Now say you have 35 properties and each are held in individual...
So I have been flipping homes for a couple years now. I am looking to purchase a 8 plex in San Antonio, I have a couple people willing to invest with me on this deal. I have a LLC already established, one of the inves...
I want to start a nonprofit eventually to help the poor in the USA & other countries, and I'm considering using my own money or receiving government funds instead of relying on donations from people unless they're...
So there has been rumblings of the current administration trying to find additional tax savings anywhere they can.A crazy notion has been to look at doing away with the 1031 exchange. This goes against every founding ...
Hello, I’m new to the forum and looking for a great company that can assist in converting my 401K into a checkbook controlled Self Directed IRA? Any leads and or advice?
Hello BP family,I am looking for recommendations on best low cost providers/custodians for Self-Directed IRA or Solo 401k or Checkbook IRA. I realize that these might be considered 3 different products and not all pro...
I’m wondering if it’s possible to get a loan from my 401k to actually rent a home rather than buying
I am the trustee and admin of the solo 401k plan of my business.What paperwork is required for an employee early distribution to comply with DOL and IRS rules? How do I report it for taxes for both employer and employ...
I've been contemplating how I can best partner with my SDIRA Checkbook LLC so that we both benefit. I understand that I cannot simply straight borrow from it, even if the terms are on par with the market. However, can...
My first property is officially under contract. It's a small 2/1 here in the Upstate of South Carolina. The purchase price was $72k and I agreed to pay closing costs, which I assumed would be $3-4k... Boy was I wrong....