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As a newer realtor I'm thinking about starting an llc or s-corp so I don't get burned as badly on self employment taxes. I am also getting ready to move and rent out my current house and purchase a new one. I'm trying...
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Could some help me out to understand this. I saw somewhere in one of the forums last night about this. Correct me if I am wrong but you use you IRA or 401k as collateral without actually move monies from it?
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I am considering starting a s corperation to own my LLC's that I keep my rental properties in. From what I understand I could pay my self a small management salary of something like $6000-6500 per year, and receive th...
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Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flippin...
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I wanted to describe a situation and see if anyone can tell me what the tax implications are:
You get your real estate license to help with your part-time investing business and don't use it as a typical agent would....
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I've read through the other solo 401k threads but so far I haven't found an answer to my situation.I have a current 401k plan through my full-time employer. I also have a small business on the side as a sole propriet...
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I've been reading a lot about both the Solo 401(k) and the Self-Directed IRA LLC. From my layman's perspective, it would appear at first glance that Solo 401(k) is the way to go. No custodian to deal with and higher...
Hi Biggerpockets, long time podcast listener, first time poster.
I've decided to start my investing journey with a duplex house hack. I've spent the past few years building my credit up (currently 730) and my bank ac...
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I started investing in real estate when my employer made changes to the pension plan (they stopped contributing to it). I was facing a shortfall in my retirement plans as a result of this change that I needed to make ...