Rashid Khalil
s corp possible ?
I earned 90 k as a 1099 contractor working in my LLC. expenses are around 20 k so NOI is 70k. it appears tax efficient if I tax this income as S- corporation. i do have EIN for my LLC and all income and expenses wer...
Brock Roorda
Record Owner Finance Land Sale in Quickbooks
Hello,We had some land that we purchased earlier this year and went through the platting process with the county to subdivide. We sold a few parcels off already in a traditional fashion but I have one that has me scr...
Les Mills
How to structure LLC with different types of properties
Hi All,
Just discovered this wonderful forum and am doing loads of research based on the questions and replies. Currently, my sister and I are members (foreigners and non Americans) of an LLC which hold land ...
Nancy J.
LLC For Hard Money Loans
Hi all, I'm a newbie here and am planning on jumping into making hard money loans with a partner. I'm thinking of setting up an LLC to be the lender for these loans and have 2 questions - I think they're more account...
Liz Murphy
Looking for Accountant Recommendation
Just starting out in real estate investment. Would be great to find accountant familiar with real estate and how can maximize business set-up as well as tax benefits for real estate investing. I live in Mass but am ...
Kevin Thompson
Rental property cash flow
I ended 2017 with 4 duplexes out of state. 3 mortgaged, 1 owned out right. These properties are generating more cash than I need at this point in my life because I still have a good 40/hr job.What are my strategies...
Account Closed
401K Conversion to Roth
Last year I converted an old 401k of mine into a Self Directed 401k and used that to buy and refurbish a few properties and now the monthly income is very nice and I sleep at night knowing I'm not overly reliant on th...
Denis Davidyuk
Income tax on rental
Does the 50% rule account for income tax? How is rental income taxed? If a houses produces $1000/month does a set percentage of that 1000 get taxed?
Account Closed
Are SDHSAs the same as SDIRAs?
Some SDIRA custodians also offer SDHSAs. On the funding side, IRAs and HSAs are different animals. Retirement account (401Ks, IRAs) contributions must be made from earned income. HSAs, on the other hand, require on...
Kyle Posey
Can a Business Provide Downpayment Cash for RE Investment?
I’m looking to invest in real estate, and my company has cash available for the down payment.
Is this allowed? I’ve been trying to get creative in looking at down payment sources, but want to go about things correctl...