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Results (8058)
James Palassis Best way to pay children for work performed for LLC?
5 November 2018 | 10 replies

I have a single member LLC that was formed to hold my buy and hold rental. This is my first buy and hold, and we are BRRRR-ing it. My son (14 years old) is legitimately helping me with things like pulling nails out of...

Stuart Paul Gibbs 1031 exchange, rent to equity possibility?
27 March 2021 | 7 replies

Parents would like to do a 1031 exchange to a new house for their daughter and son-in-law to live in. Daughter and Husband would pay market rent, but are hoping to be actually be building equity in order to take owner...

Kurt G. Your thoughts on the best way to pay it forward to our children?
3 September 2016 | 3 replies

Now that my wife and I are hooked on REI with plans to grow our business, we have been thinking about how to use it to help our children.  We don't want to just give them money from our flips, instead we want to 'teac...

Ryan Walker Disqualified Persons in Solo 401k
18 August 2015 | 10 replies

I am a realtor, My mother has a high value 401k she is looking to roll into a solo 401k in order to purchase rental properties for her portfolio.  Am I prohibited from acting as the agent on these transactions?? I und...

Josh Janicek Newbie in Austin Texas
28 June 2016 | 7 replies

Hi y'all,I've been a member of Bigger Pockets for the better part of a year, but just haven't contributed yet.  My wife and I joined Lifestyles Unlimited a year ago as well because we became very interested in the fin...

Khalid Haynes Paying Off House Hacks
14 June 2023 | 33 replies

Hello All, I'm leaning towards the strategy of house hacking and focusing on paying off the mortgage of the house within 5-10 years.   I'll be paying it off with my wife. We are 28 and on buying in about 3-4 years (we...

Wes M. Wilmington, NC - LTR
30 March 2023 | 10 replies

Investment Info:
Single-family residence buy & hold investment.
Purchase price: $182,000Cash invested: $28,000
MLS deal that was listed below market value.
What made you interested in investing in this type of...

Alfonso Aguilar properties in LLC children are member do theypay taxes when I die
24 December 2020 | 4 replies

I have 4 properties, does putting them in an LLC and having Children as members in the LLC prevent them paying inheritance taxes since properties are a business and children are members in the business.

David Bray Alimony and Child Support as Income
27 September 2013 | 8 replies

I am processing a tenant application. 1/3 of the income is coming from alimony and child support. I have no idea what the likelihood of her continuing to receive this income regularly is. I am looking for ideas on...

Joey Cassera Hiring 7yo son as household employee
10 August 2020 | 10 replies

I am looking to hire my 7yo son as a household employee. Mainly Supervising his 2 year old sister while were home so we can complete tasks such as cooking and laundry.
I do not own a business. Am I able to do this ou...