John Brennan
self directed IRA doing self storage
So I'm interested in getting started in purchasing and running self storage facilities and want to learn more. At the same time, I have decent money in my IRA invested in mutual funds. I'm thinking of converting so...
James Park
Can a business owner contribute to both the SEP and Solo401K 2016
Question for the SEP and Solo 401K experts. Suppose a Solo Financial Advisor pays himself a W2 of $50k in 2016 and has a Net Profit of $60,000 for his SCorp in 2016. What is the maximum amount the Solo FA can tax def...
Bryan Odom
Can you write off expenses that were incurred before you bought a property?
Hello everyone,I'm a new investor and haven't bought a property yet. I've read that you can write off expenses such as conference registration fees and mileage. I plan to purchase my first property before it's time to...
Raj Sid
New Tax Law May Encourage Home Rentals
https://www.wsj.com/articles/new-tax-law-may-encou...https://www.cnbc.com/2018/02/02/a-big-tax-break-co...How of this is applicable for rental property, if you are renting the whole house? Does this mean 20% of profit...
Dijana Aleksic
How to use real estate to offset personal income
Hi all,I have a question that day traders may come across. This is my first year day trading and although I did very well I didn’t plan for doing taxes (did not elect trader status on time). Now, at the end of the yea...
Paul Passafiume
Qualified Business Income
This new QBI tax break is great but very confusing. Here's the deal. My main day job is as a 1099 IC doctor. I am actively involved in real estate investment and self manage my 11 units, interacting with tenants often...
Curt Neider
Single Family Spec Home
Investment Info:
Single-family residence fix & flip investment in Bluffdale.
Purchase price: $165,000
Cash invested: $335,000
Sale price: $740,000
Single Family Spec Home.
Nitin Dhiman
Contributions to Solo 401k
I've read through quite a few of the existing discussions on Solo 401k on this forum. Brilliant stuff. However, I have a very specific question regarding allowable contributions to the Solo 401k.If I have a side busin...
Ganzorig Sharav
Help!
I`m buying three flat in Chicago area. it needs gut job, new wiring, plumbing, central air and unfinished attic. Also I`m adding extra bedroom on 1st floor. Couple General Contractors said I need floor plan, blue prin...
Ben Steuart
Real estate investing in Ukraine
Hello everyone I am looking to invest in apartments in Ukraine with my father and was trying to network with anyone who has experience interesting in that country.