Jennifer Van vlymen
New tax law on HELOC
Looking for answers about HELOC live in California With the new tax law in 2019 My husband and I have enough equity in our house to pull out a HELOC was wondering if it’s still taxable if we use it towards the purchas...
Michael Seeker
Self Employment Tax on a Flip
I'm wondering if/why I will have to pay SE tax and all the other extra taxes on my profits from flipping.
This would make sense to me if flipping were my job and I were self employed, but the majority of my income (a...
Joe Schultz
59 1/2 can I take money out of my IRA without penalties? Other?
I just turned 59 1/2 can I now take money out of my self-directed IRA (SEP) without any penalty? If I do, does this require taking social security as retirement?
Notes:I am sure that I will have to pay taxes on any t...
Craig Barragry
HELOC/AIO for Personal Use
My wife and I bought an investment property in 2021 that currently has an All In One (AIO) loan that we’ve used like a HELOC to buy other investment properties. The AIO is our only debt on the property and is in our p...
Dan Miles
Screening undocumented immigrants
How do you all screen illegals for a rental property? They have an ITIN but no social. Can I ask the police to check for something?
Mark Sandoval
New to real estate investing, do I need a business bank account?
Hello, I am new to real estate investing and currently have my first investment property under contract. I read in the book on Rental Property Investing that I should get a business checking account for income and exp...
Michell Chase
Alot on information on offsetting W-2 income but not much on 1099-R income...
I am currently drinking from a fire house on everything investment real estate. Closing on my first investment duplex this week and looking for my 2nd. I hear a lot about ways to 'off set' your W-2 income etc.. I...
L Bauer
Using multiple LOCs for investment properties
I have a LOC secured by my house (primary residence) and another LOC with a slightly higher interest rate secured by a rental property. Both LOCs were established before Dec 2017. Keeping the new mortgage interest wri...
Samantha Klein
CPA NEEDED....
Hi, I am asking a question for my father, his only income is social security, he gets $975 a month. He sold a collector car he's had for more than a year last month and he's made a capital gain of 30k, he wants to kno...
Waleep Alvi
How to deal with self-employed tenant
I have rental applicant who is self-employed. He works as a freelance blog writer. I am not sure in the stability of this career. Anyone has any thoughts? Thanks!