Johnoson Crutchfield
How Tax Returns Affect Real Estate Investor Bank Financing
I don’t see a clear answer to this on the forums. I keep having bankers say “be careful with reporting losses on your taxes because it could make you unbankable.” What does this mean? How do you make sure that you ...
Alex Scotte
Are there penalties for withdrawing roth IRA?
The money I used to start the IRA was post-tax and the value of the IRA is less than what I invested. I was thinking of waiting for it to even out, or close to it, and re-invest the money somewhere else. Are there pen...
Kenos Duff
How do you know how much you should pay a Realtor out of your wholesale profit?
I have a Realtor i am working with and she seems to be really fare. She said she has worked with a lot of wholesalers before and that is a plus for me. She also said she wanted to make sure i get to keep the MAX amo...
Daniel Dietz
Contribution Limits for Solo401k & IRAs ?
This is more of a tax questions that real estate, but the funds would then be investing in real estate.My plan is to set up a Solo401k before the end of the year, but have a few questions during the planning phase bef...
Pierre E.
STR tax loss - effect on 401k contributions from Depreciation
Could deducting real estate losses against your earned income affect the amount of income you can place into a 401k or Solo 401k? Example: if you claim REPS status or you use the STR active status to deduct a total of...
Anthony Tran
Real Estate Licensure
Hello everyone! I'm beginning my real-estate career, and Brandon Turner/Joshua Dorkin's book "The Ultimate Beginner's Guide to Real Estate Investing" suggests earning a real estate license when first starting out. I'd...
Ray Donovan
Using disability payments to fund a SDIRA or SOLO IRA
Does anyone know if I can use income from SSDI and a private LTD policy to fund either a self directed IRA or a Solo IRA?
K S.
Becoming a private lender question
I lent money to a flipper in San Diego who claimed bankruptcy and fled to Canada. I then realized the lender made over a million dollars when he foreclosed on his property. I was wiped out as second lien holder which ...
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...
Chad Slater
Solo 401k as a Real Estate Professional
Hi, I am a real estate professional. Can I use my rental income to fund a solo 401k since I'm managing all of my properties? My rentals are held under LLCs.Thanks!