Tommy Cheng
Schedule C or E for Short Term Rental Taxes?
Hello BP Family,I've read so much on whether to file our STR as Schedule C or Schedule E when filing for 2022. This is what I gather:Schedule E = Passive, No 15% self employment tax, No passive loss tax benefitsSchedu...
Basit Siddiqi
Cost of Retirement plans
Hi Everyone,I hear a lot of chatter about self-directed 401K/IRA accounts and how they are great because they allow you to invest in things outside of stock/ETF/Mutual funds.For those who have set up these self-direct...
John Alosio
Tenant pre-screening Questionnaire
Greetings BP family.
I am gearing up to turn around one of my rentals. Previous tenant notified me that he will be moving out-of-state soon. So I have a bit of time to plan and hone my screening process.
This will b...
Georges Martin
Minimum $ amount to open a Solo 401K?
I know it's vulgar to talk about money, but as of today I have $25,862.64 sitting in a 401K from and old employer. The returns are horrific. It's not much, but I'd like to put that money to better use by buying a rent...
Jason Malabute
HOW TO FIGURE OUT WHO EMPLOYS MOST OF MARKET
Hey guys,I feel like I have a general understanding of largest employers in my prospective markets, but I think what I am truly looking for is WHO EMPLOYS A MAJORITY OF MY MARKET AND KEEPS ECONOMY GOING?For example, i...
Chukwudi Motanya
City Market Due Diligence
HI all,When looking into a new market, does anyone know the best resource to use to find out who the biggest employers in the market are? I've been using city data for diligence but have not been able to find a breakd...
Dave Green
Travel Nursing Mortgage
Hey there, I know there's already a thread about this, but I read through it and still don't feel like I have a great answer. My question is the same. I am a travel nurse, and I've had trouble getting a mortgage for 2...
Mike H.
re: 1 flip with full time job avoid dealer status?
Help me out a bit here. Just trying to get a sense of this.If I were to flip one house that I bought under my name and sell under my name.And if I have a regular full time w2 job.Would that mean that the flip would be...
Garrett Tierney
Qualifying for FHA loan with 1099 income vs. W-2 income
Hello BP Community, I am currently working on wrapping up a refinance on my first investment property. I was able to purchase the 4-unit foreclosure by utilizing an FHA 203k loan for purchase of $170k, plus $85k renov...
Zoltan Fagyal
Using Solo 401k as a private lender
I've been reading a lot about Solo 401K here on BP and elsewhere and I see a lot of posts but I couldn't really find specific info on using Solo 401K to fund a flip.A little background info. For about 2 years now I ha...