Richard Pince
How to Tax shield my yearly Bonus?
Hello,I am a new investor and I have a question for the BP community. This year I will receive a sizable salary bonus from my employer. Through our retirement program we have the ability to defer 100% of our bonus t...
Chris Coleman
SE Tax issues of adding spouse to LLC?
What are the SE Tax implications of adding my spouse to my LLC? Here's my scenario: Right now, all of our income comes from my employment salary, and from investments (rental income from RE and Stocks). My income is...
Pat Wasson
401k from former employer
I am trying to determine if it is a good idea to cash out an old 401k (55k) from a former employer to use to invest in additional properties. Isn't the 10% penalty the same as a loan at 10%?
Account Closed
Owner owes more than appraisal
Hello BP community, I have a coworker who is going through a FC. The problem is that he owes more on the home than what the home is actually worth. The bank wants him to put up 80k to stop the FC. The home is worth ab...
Saed Rabu
Question Regarding FHA Loan for House Hacking is
Hello! I am reaching out with a question regarding FHA loans for house hacking and would appreciate your valuable insights on potential lenders.
Allow me to provide a more detailed overview of my situation. I am curr...
Robert Shadley
Emotional Support Cats!
Hi BP Nation,OK I have a 1 bedroom apartment for rent and I currently allow tenants to have 1 pet for an additional $25 pet rent. I had a young interested who has 4 cats! She says they are emotional support cats......
Jim Peckey
Requesting help with screening our first tenant!
Hi BP,
As
rookie landlords, we've recently listed our first unit for rent @ $850 per month - an upper 1bed/1bath apt in a duplex that we owner occupy & currently live in the lower unit. We're hoping to get so...
Nathan Vandermost
Tenant Application Process?
Curious on the general tenant application process for residential properties? Do you use software? If so, which ones? Do you require a background check? Do you require a credit check? If a prospective client wants to ...
Kyle Gendron
I WANT A IRA WHAT TO LOOK FOR ?
I looked into opening my ira account at my personal credit union and was faced with the fact that i didnt know what i was looking for lol ... So i was wondering what a good IRA plan or account would have ?
Derek Kerley
Flipping - Taxes
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...