Benjamin J Haithcoat
How to deal with taxes from income procured from wholesaling
Hello,I am a new-comer to investing. I plan on wholesaling at first to build up my capital while at the same time growing my network and learning all I can about the business. While my plan isn't to remain a wholesale...
Trevor Beck
NEWBIE INTRO (Denver, CO)
Hey BP!I've been somewhat active on the site, watching webinars and reading books, but have yet to introduce myself to the community. I just graduated from Colorado State University and am self employed as the owner o...
David Barron
S Corp or LLC for wholesale flipping?
Good morning everyone, I hope everyone is having a great day. I was wondering from an entity, tax and brand perspective. Is it best to be an LLC or S Corp when your wholesale flipping? I'm strictly assigning the deal...
Brady Lamprecht
New Investor From Northern Colorado
Just wanted to introduce myself as well as ask a few generalized questions, so here we go.As a network engineer by trade, I'm fed-up with the day-to-day 9-to-5 churn all while not truly enjoying the life in the proces...
Melissa Auell
Self Directed Solo 401K - Setup and Logistics
Hello BP Gurus,My husband and I have an LLC that is taxed as an S Corp and my husband has an existing SoloK. We recently became interested in putting some of these funds towards investing in real estate and I have a ...
Jeff Webber
New member from the Portland area
Hi! I found this site while doing some research on various real estate deals online. I live just west of Portland, and I'm looking to get into REI a little more to supplement my retirement as I'm self-employed (Gener...
Eric Bate
Tax: should I deduct or not, to qualify for a higher loan?
I'm in the market for my first property. Just got off the phone with a mortgage lender, and he suggested I don't go super aggressive with deductions this year (I'm self-employed as a musician, and most of my "jobs" a...
Mark S.
CARES Act: Property Owners & Paycheck Protection Program
My question is regarding the Paycheck Protection Program and how this relates, if it does, to property owners/landlords under the CARES Act that was signed into law on 3/27/2020.
I understand that the overall purpo...
Dan Fisher
Self Directed IRA Lesson Learned
Hello BP community. Recently I purchased properties through my SDIRA account. I was shocked to find out that I was charged a $35 wire transfer fee for the rents received. That means that every year that I collect rent...
Yinan Q.
Is my screening policy too strict?
Just bought our first rental property. It's a single family house and the prevailing rent would be around 1,300 to 1,400.
I ask the tenant to submitt 3 months bank statments, 3 months pay stubs, employer information,...