Joseph Harper
Do we LLC if wife is going for RE license?
So my wife and I were brainstorming thinking about how we want to establish our presence in this market and ran across an interesting predicament. She is looking to attend a class and get her license for real estate a...
Bill Zepeda
Verifying Income for applicant
Hi All,I have an applicant that is a subcontractor and wants to use bank statements to verify income. I'm concerned about the validity of this and I'm curious if anyone else has encountered this situation. My first ...
Russell Roberts
qualifying for a solo 401K?
I have a group 401K plan at my W-2 employer. I have an unexpected opportunity to transfer funds out of 401K plan while I'm still employed. Yeah! I'd like to transfer funds to a self directed retirement plan and in...
Isa Rayyan
Denying a rental application
Hi everyone,i need advice please on denying an application i just received on one of my units i am trying to rent out. It’s the first time i am doing it my self and this applicant sent credit history and information s...
Curtis Woods
Should I use my 401k to purchase my 1st rental property?
I currently have a stale 401k with my last company which I'm no longer contributing too and it's been sitting there for over an year. I have a new job and currently contributing to my new companies 401k plan. Would it...
Arthur Voskanyan
Real Estate Income & Taxes
How is rental income taxed? For example if I have multiple investment cash flow properties and when tax season comes. Is the total income whether vacation rentals/ long term rent, taxed as regular income tax based on ...
Sean Apple
Maxed out roth IRA, Now what?
I typically max out my Roth ira and am looking for additional retirement investment. I receive a w-2 and 10-99's at the end of the year.I am trying to figure out how I can stock pile cash that can grow tax free AND b...
Greg Haygood
CPA in Washington DC
Good Morning BP Community,My family and I are looking to change accounting firms. We used Glass Jacobson who did a fine job on the filing. However, I’m looking for more of a strategic partner in addition to tax serv...
Edmund Fontana
What’s the recommendation if you have an S Corp
What are people recommending if you have an S Corp to minimize tax burden and continue to invest in real-estate. SEP IRARoth IRA401KSelf directed IRA / 401k
Mitchell Handley
Tenant Screening and Rental Agreements
I am looking to get into real estate investing. I have seen a lot of videos and read a few books that explain a lot of aspects to real estate investing. The one area I cannot find a lot of good information on is aroun...