All of my income is passive from rentals. Therefore I do not pay any self employment taxes (15.3%). Since I have no active income, I cannot contribute to any retirement accounts.
Does it make sense to convert some of...
Looking to do a rather large deal for me (39 units) and the seller has agreed to finance 50%. The problem is the bank won't allow anyone to be in a position of taking over the property in case of default other than th...
I hear alot of people discuss ROI but nobody discusses what percentage of your monthly income you can actually expect to make it to your pocket/pay yourself from your LLC after expenses. If you have any insight thanks...
I had significant losses from the stock market from stupidly selling at the wrong time. Most were held less than a year.
This year I am selling an investment property. I’m trying to decide whether or not to do a 1031...
Good afternoon. My CPA has raised concerns about two properties I may be selling and I'm hoping someone may be able to shed some light on the situation. Approximately one year ago, we purchased an old golf course wi...
Hello all! Relatively new to real estate investing. I am trying to be creative on an offer (my 2nd deal) for a By Owner home where the owners have limited equity and have the house priced on the high end of what it's ...
Before exploring this concept with a qualified legal and tax professional, I wonder if any of the community has anecdotal experience around taking a distribution from a 401K and balancing the earned income taxes with ...
I've never done a deal analysis so bare with me :) I'm looking to buy a duplex in st louis for my first rental property. Details:
227k asking price
4bd, 2br
44k down payment, $1046 per month (includes mortgage, pr...
Are the consequences of financing a no money down deal and failing worse than the consequences of financing a deal with some of your own cash on the table and failing, as a first-timer?
Hi all, I am evaluating a ~$1M property, first time in commercial. I am a little blind in this area (been doing rentals and flips past 6 years)- I see props in my budget but don't know about feasibility. Any SME's ...