We are creating an new multi partner LLC for Flipping business(8 partners total, 2 partners will be active). We are looking at doing 2-3 Flips in first year. Is Flipping considered as active or passive like rental ? a...
We are looking to transfer my wife's 401K to a Solo 401K and use the money to invest in real estate. She is no longer employed by her former company. After researching, we understand the differences between the two, ...
Hi. I'm a newbie here and have a question. I'd like to know what options I might have.I've owned and resided in a duplex now for about 12 years, paying the mortgage every month, with my self-employment income and long...
Hello everyone!Little background, then question. Thanks in advance for your help!My name is Josh. My girlfriend/business partner and I are looking to buy a few rental properties. We are currently looking to move from ...
After starting my LLC I'm looking into starting up a Solo 401K with it. Came someone explain it more so I can get a better understanding?
Hi there! My name is Andrew and I live around the Hagerstown, MD area. I'm new to investing in real estate but VERY eager to learn. I have yet to do any deals or make any offers besides purchasing my primary residence...
1. I am going with a gentleman by the name of Jeff Dixon with uDirect. anyone out there have any information re: individual or company?2. am leaning towards "checkbook control" with IRA purchase of LLC, which holds...
I am aware of people utilizing self directed IRA's to invest. I have read here that people use their 401k's also. I personally know of someone who uses his pension plan from a private company to invest with. Here a...
Hi there - I'm looking to buy a SFR such as a 3 BR / 2 BA and right after convert it to a smaller SFR and ADU. I would then like to convert the garage into a second ADU and rent out both ADUs. I make $20k gross monthl...
Aloha,I have a unit in Oahu Hawaii that some one from another Island applied to rent out. He is going to be living there but not running his business out of the unit. As being self employed he does not have much repor...