Brent Pearman
Tax Classification and New LLC in Downstate Illinois
Good Morning,I am currently setting up an LLC as the designated manager (COO). The other members and I have a significant amount of personal assets we want to protect, hence the LLC. The main focus of the business i...
Account Closed
Real Estate Professional or Not?
Hello,My wife and I finished building our first rental this year and it is in service:) I am talking with a new cpa about the upcoming tax season and when I brought up the idea of claiming my wife as a real estate pr...
John Dehn
REPs designation - do I qualify?
I am a 1099 employee for a boutique commercial real estate investment shop. I do business development, underwriting, and asset management for the company on a full-time basis and have upside opportunity if I source a ...
Linda Weygant
Colorado Question - Broker vs Agent
Hi All,I'm getting tripped up on a vocabulary item and am hoping some folks from Colorado can chime in. I have a friend who asked me to manage his rental, but I cannot because of this:Everything I read says that you ...
Casey Lance
Filing taxes with an LLC?
I was not sure where to place this post, so feel free to move it if necessary. My apologies in advance.
I have an RV park that has been running for 3 years and I have been filing taxes under my name, and just runnin...
Charlie Moore
What Qualifications are SET for people when applying for tenancy?
What are some GOOD pre qualifications to use? especially in the URBAN community? - Whats your application process?
Bryan O.
Tax Deferral and How to contribute to solo 401k
As tax season is approaching, I'm trying to find more ways to reduce my taxable income to get down to the more favored brackets.If I have passive income (rent) coming into an LLC, can I pay myself a management fee to ...
Jason Bilbrey
Loan from Solo 401k AND Traditional 401k?
If I have a Solo 401k funded at $200k and a traditional (company ran) 401k funded at 200k also, can I take $50k loan from each to have $100k for a downpayment on a rental property?
Zachariah Wilhelm
Health Insurance for Realtors
Hello All,
I'm a real estate investor in NY state with 5 units currently and 2 more under contract. Looking to transition from my day job into real estate full time as a realtor. However, the problem I'm running into...
Clare Cui
Verifying Australian Credit Score and Background?
I have someone applying to my property, and they are here in the US on a work Visa. I do a rent by room strategy, and I use a tenant application platform (Turbo Tenant which I love) but they're having trouble inputtin...