Robert Reineri
SoloK Distributions and Witholding.
I was recently told that for a solo 401K distribution , it was required that you sent 20% withholding to the IRS by the 15th of the following month . I am over 59 and a half .This seems odd to me since in a regula...
Greg Szymbor
Favorite real estate motivational quotes!
What are your favorite real estate motivational quotes? Here are a few of mine;---Don’t wait to buy real estateBuy real estate and wait---YesterdayNowTomorrow---Don’t be busyBe Productive---Please share yours!
Ayodeji Kuponiyi
Am I Being Scammed? Origination Fee
I’m looking for a loan to purchase an 5 Unit apartment and came across a lender. He told me I have to pay a $3,600 origination fee for for $180K. I told the lender from Metro Financial Services, INC that I didn’t want...
Lisa Garrett
IRA rollover
I presently have a self directed traditional IRA thru institution that . I have heard there is a self directed IRA for real estate investing. Is this something I could utilize now. We are just getting our feet wet lea...
Sue Jing
Question Coporate structure
Hi all, Have a question regarding how to setup the asset protection. From what I have read, LLC seems to be the best choice. But ]I also read about the trust and LP, so i am bit confused as to how to structure it. If ...
Mike Trzaska
Low Appraisal - Home Next Door Not Used as Comp
I just got my appraisal back on the HELOC I was trying to increase to free up additional equity to invest in RE. Unfortunately, my appraisal came in about 40k under what I was expecting and my appeal was just denied. ...
Gabriel M.
Renters contract under LLC?
Hi, I own a property that will be going out for rent soon. The property deed is under my name, however, I recently opened an LLC in order to manage my real state business and investments
My question is: Can I make t...
Neil Kamdar
LLC/Business Bank Accounts
Hi Team,Any advice on the best types of bank accounts for a Real Estate Business? I assume it is just creating a business bank account, but does anyone have any recommendations or insight into other attributes that m...
Drew L.
Buying Second Home, Owner Finance, Medicaid, Tax Implications
I am buying a vacation cabin from an elderly family friend, no relation. I have questions how to structure the deal. The lady I'm buying from does not have much income, retired teacher and they made some choices ear...
Alex Jurgens
Buying a Duplex with a Business Partner
Hey Y'all,I'm purchasing a duplex with a business partner. The Loan Officer said it would be easier/better if I was the only one on the loan, since my partner was getting his portion of money through a cash out refi a...