Ronald Stephenson
Funding HVAC system
Situation: Business checking can not afford HVAC replacement. Ask: What are your suggestions in this type of situation? What did you do if you were in this type of situation? Background: I have a rental property in Wi...
Account Closed
Is your real estate investing activity a "trade or business" or an investment activity?
I ask this question because there are real differences in what you are allowed to deduct, capitalize and report in these two situations.
Investors that are wholesaling and flipping are typically in the business of re...
Robin Evans
Self employment or long term investment income
Tax season! We bought a property in 2022, remodeled and sold it in 2023, over a year after the purchase. We did most of the rehab work ourselves. Will the profit be counted as self- employment income or long-term inve...
Carlin A Guarneri
Rent Collection Methods (vs home address)
Hello all,I had read some past discussions regarding this and was wondering if there were any newer strategies my fellow landlords are using to easily/conveniently collect rents while not using your home address. I ha...
Mike Gennaro
How can we extract money from a 401K for RE investing? Can we use the money in our own LLC?
My friend and I own a leasing company. He has a 401k that he would like to extract some money from for use in our company. We are new to the legalities of this. Do we need him to roll over into an IRA first? Self dire...
Christina Hsu
Trump Tax Code changes affecting REI?
Just saw this article on the potential changes to the tax code which would impact REI. How would this affect the different real estate strategies like BRRR, multi-family, etc.?https://www.nytimes.com/2017/04/22/busine...
Maria Muniz
401K transfer to borrow help
Does anyone know what type of account you can transfer your 401k to, and then borrow from it/ pull from it? Without any penalties? I know I heard it’s possible, I just can’t seem to find out the right way to go about ...
Bryan O.
Solo 401k Attached to Passive Income Entity
Hi experts. I recently found out how contributions work for a solo 401k and that rental income is passive. So basically I'll never be able to contribute my solo 401k in this entity. Not the end of the world, but certa...
Amber Turner
Individual 401k vs self directed real estate IRA
Hello,I have been looking into an individual 401k from vanguard. I like that we can contribute more money to it than our individual Roths. I don't know much about the self directed real estate IRA. Does anyone have an...
Hyeseong Park
Is it true that PPP is banned in PA for DSCR loan currently?
I saw some lenders in PA still do DSCR loans with PPP. And as my property is in PA, I want to hold & rent it with DSCR. Anyone can prove if that ppp banning is true for PA? If so, can I get sources to check?