Raj Saxena
Can a Rental Building LLC have a Individual 401k ?
I own & manage a Rental Office Building & have a LLC to manage all related affairs.Can my LLC open a Individual 401k for retirement savings ??Thanks
Bridget Gilder
Mobile Home Investor Tax Avoidance
In 2018 I opened a mobile home park with five units and my tenants are on HUD. I am trying to offset my earnings and am wondering if purchasing new units will offset the income so I can avoid paying all my earnings ou...
Gordon Starr
Should I hire my own kids to work for me?
Hey everyone,I am a sole proprietor with a steadily expanding buy and hold portfolio. My kids are age 8 (son) and 10 (daughter). As a single dad with sole custody, the kids have always tagged along in some way - somet...
Jackie Lange
Examples of Creative Transactioneering
Today I posted anarticle by Jack Miller on my blog that I thought many at BP would benefit from. You'll learn some ways to take creative real estate to the next level. Remember, every deal needs to have a purpose. ...
Denise Evans
Alabama Tax Sales Auction, Excess Bid, and Redemption
This article is for tax sale investors who want to earn redemption interest income. Investors who want the real estate should read this, also, because sometimes their plans go astray and an owner redeems.In Alabama, s...
George Post
Parents Gift to Purchase a SFR- Taxable Earned Income?
Good Day!I have a client who is being gifted $170k to purchase an owner occ. SFR as a primary residence. The donor is her father who will also be living there as his primary residence, but will not be going on title. ...
Pete Wallace
Rent or Sell? Washington, DC Condo
Hi all - I'm hoping folks can give me their thoughts on my situation as I determine whether to sell or rent out my 2 bed/2bath condo in Washington, DC. Here's the numbers:Monthly mortgage - 1750Expected Rent - 2800Pro...
Grace Porritt
Should I Pay Myself as a Manager?
I am trying to figure out the best way to take money out of my rental properties with the least amount of tax impact. I was thinking about paying myself 10% manager fee for each of my STR rentals and 5%/month on my l...
David Drew
Should I have my LLC taxed as an S-Corp?
I've created an LLC in Broome County, New York. It's time to decide whether to leave it as pass-through taxable or choose to have it taxed as an S-Corp. My plan is to use the entity to hold my buy & hold propert...
Anthony Posey
First Time Post. ROTH IRA, Syndicates, taxes, etc
Greetings Everyone,
Please forgive me if I do not use the accurate terminology as I am very new to investing in real-estate. These questions are likely directed at Tax attorneys or individuals that are savvy with i...