Josh Larson
Rental Property Investor
I’m curious to know if I setup an LLC in a non-income tax state such as Wyoming/florida will I be able to transfer/own property from an income tax state such as Michigan without incurring said states income taxes? Exa...
Steven W.
Solo 401k and Buying Property
I had a great conversation with @Dmitriy Fomichenko from Sense Financial today about setting up a Solo 401k, so I can roll over my IRA into an account in which I can make investments in real estate. He did point out s...
Darrell B.
How much has your cashflow increased over time?
I'm curious as to how cashflow has increased from time of owning a property. Let's say after the 5 year mark or 10 year mark. I know rental percentages increase differently for different markets and there's a national...
Champ Leong
Credit Cards are an investment???? lol
Credit cards are an "investment"? EMPHATICALLY, YES! This literally just occurred to me in the shower. I pay off all my balances each month. I earn up to 5% cash back on my credit cards. THIS IS A STREAM OF INCOME. I'...
Matthew Hite
Withdraw Retirement to Fund Real Estate
Wanted to get people's thoughts on withdrawing from my Roth retirement accounts (and taking the 10% penalty) in order to invest in real estate? I've been using the BRRRR method to purchase properties and know that my...
John Harvey
Cash out 401k to further invest in CRE?
40 yrs old and currently own about $2M in single family investments which generate about $144K/yr. gross. Have aggressive 15 yr. mortgages on them with about $600K paper equity. Most of these loans are fresh so no e...
Jithesh Prabhakar
Non-Recourse loan from Uncle living overseas
I have a situation (explained below) and need some advice.
Background :
* My LLC and Solo 401(k) signed a Land Installment Contract on Dec 6th 2013. The percentage of ownership was 60-40 respectively.
...
Dustin Summers
Private Lender (Down Payment) + Portfolio Lender Financing
Hey Team
The short version:
Who do I talk to about a deal where I have a private lender providing the downpayment and a standard portfolio lender providing the rest? Do I need to tell the portfolio lender that so...
Anthony Warren
Taxes on a llc when doing a fix and flip
So my llc is formed and operating business only in Ohio and as single member. But I lived in New Jersey. Would I get taxed from New Jersey or Ohio on profit? And I’m keeping the profit in the business to reinvest.
Matthew Schlottman
Colorado tax on Flip through LLC
Weird question that will probably require a CPA but wanted to see what people had to say first. Through an LLC a partner and myself flipped a condo in Colorado this year. He lives in Colorado, but I do not. Since ...