Jason Poindexter
Multiple Retirement Plan Contribution Limits
Hello. Can anyone tell me what the max contribution limits would be if I held multiple retirement accounts? For example, I have a Solo 401K, Rollover IRA, SEP IRA and Roth IRA. How do I utilize these various accounts...
Mike Jay
Qualify for a mortgage?
Hey everyone,I have a job that pays me cash on weekly and in a year or so I want to buy a house but my main concern is I get paid in cash. I do deposit the check/cash into my account every week. Would I have a much mo...
Inga Draper
Managing my parents Vacation home and tax questions
My parents own a vacation home. They'd like me to run the whole Airbnb operation, I would take a 30% management fee (as they would like to pay me as I do have prior experience managing my own Airbnb.) I haven't liste...
Lawrence Edem
Newbie House Hacking, two questions no one ever asks.
New to house hacking, just got my first property and it is a duplex. I have two questions i feel as though no one every properly address.1) When you rent out the second unit in your duplex, is it best to collect the r...
Account Closed
Cap Rate Question
How to properly figure out cap rate on an owner finance deal? All my houses are owner finance. It's pretty simple to figure out so I thought....My first property I bought, I figured it like this: purchase price: $51,...
Cameron Price
How do you ACTUALLY set up a self directed 401k
After researching different retirement accounts, I've decided that a self directed solo 401k plan is a good fit for me. I have self employment income and no w2 employees. When I search for how to start an account, I g...
Greg P.
Getting Approved by Local Bank with a Partner with Good Credit?
Hello, I am planning on purchasing a full functioning commercial property directly through a bank and they are willing to do the financing. My partner has been a investor for many years and has a great track record w...
Jonah T.
Canadian Rental Income Taxes
I am trying to determine the best path forward for how to deal with rental income (yes I'm late!) and major renovations. It is clear to me it is best to expense it in the year it was spent, but unclear what the CRA wi...
Nick Causa
Loan Approval and DTI
Hey all, my wife and I just found a great Triplex for us to house hack. Only issue is 4 months ago we moved out of our previous house (decided to AirBNB it) and signed a 1 year lease on an apt closer to work. The AirB...
Stephanie Cristiano
Offset K-1 capital gains (RE syndication) with passive losses?
We have large unallowed passive losses carried over on 8582 (from several years cumulatively) from various real estate syndication deals reported to us on K-1s. For the first time in 2019 a few of those assets have e...