Fern Jard
Tax issues in Hard Money Lending
Hi Guys,
Brand new here, with a question:
Can hard money lending be considered a small business, where expenses can be deducted -- just like any other business? I thought this was a given until I started reading ab...
Susan Bearce
Disregarded Entity for LLC?
Hi All,I am curious how other investors file their LLC when applying for their TIN. A partnership, corporation or disregarded entity?
Phoenix Ocionna
voluntarily paying more tax(!) for a cashout refi, cannot get guidance
Have the following : a primary res in NYC valued at 800k,2 investment 3 fams in New Haven, CT each valued at 150k cashflowing 15k each per year, and an investment condo in Baltimore, MD valued at 100k cashflowing 10...
Alyssa Cairns
Relocating and getting started in REI - Grand Rapids, MI
I've been reading (and reading, and reading!) and listening along to BP for a bit over a month now, and I can't wait until we are ready to take the leap into REI. We are relocating to the Grand Rapids, Michigan area, ...
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...
Neil Copeland
Solo 401k Opening Questions
A couple of questions that may lead to others, so here goes. I have a single member LLC that owns rental property, and all of the rental income and rental expenses flow through that LLC. At tax time, that profit/los...
Dan Wallace
Payroll Protection Program (PPP) Loan Forgiveness
As a part of the $2 Trillion CARES Act, the SBA is authorized to lend $349B to small businesses impacted by the COVID-19 economic impact.The primary program for small businesses through the CARES Act will be the Payro...
Shanterra Young
Funding first investment
Hello I’m a newbie I’ve been doing a lot of reading and research on investment properties and how to get started. I’m recently unemployed due to my job closing its doors. I have personal capital but I was looking to g...
Chris Penn
Seasonal Employee Housing Rental ~ Anyone Doing This?
Thank you for taking the time to read my post. I have stumbled upon a market that is desperately short on employee housing during 5 months of the year. The remaining 7 months of the year I can only hope to break even ...
Fernando E.
Self Directed IRA provider
Hi BPers,Hope you are all well Wanted to reach out and see if you have any recommendation for a company that can help me use my 401K from previous employers (now with Fidelity IRA) and convert them to a self directed ...