THU NGUYEN
Paying your children to shift income from your business
Hi,Any tax guru can help me out on this question:I want to pay my kids for working for me...but don't really know the pros/cons between W2 - payroll vs Issue 1099?Thanks in advance for your help.
Shawn H.
401K
What does everyone think of 401k's, ROTH IRA's, etc? Would anyone cash in a 401k to pay off an investment property? Some doom & gloomers predict a 5000 dow by years end. Is it better to diversify with 401k and RE?...
Janis Mcquinton
Using Equity to pay off current debts
Hi, I currently have about 200k equity in my current home; I have approx. 90k in IRS, credit card, and vehicle debt, by the end of this year I am expecting a large amt of capital later this year that would allow me to...
Matt W.
Help me decide between a 1031 DST vs. a syndication.
Hi BP, I'm considering selling off my small portfolio of 3 SFH's and moving the money into either a Delaware Statutory Trust via a 1031 or just selling and paying the tax and then reinvesting the money in a syndicatio...
Bryan Hancock
Diversification Versus Concentration of Wealth
I know many on BP concentrate much of their wealth in real estate because it is what they know well. I was wondering what everyone's thoughts are on the diversification versus concentration decision. Are you an advo...
Shawn Q.
Set for Life question: using Roth as savings location
I just finished @Scott Trench's Set for Life (as you can no doubt tell from how often I reference it) and I had a thought/question I'd like to put to everyone. What do you think about using a Roth IRA as a component o...
Avery Pemberton-Smith
My first investment
I'm thinking of buying this place and updating the kitchens and appliances to increase the cash flow. It is a duplex with 5 bedrooms 2.5 baths on one side and 3 bedrooms 1.5 baths on the other with a 1 bedroom suite i...
Jim Mootrey
Mold: How much to discount?
I am in the due diligence period on a short sale. The inspector found mold in multiple places in the finished basement. The house has been empty since July and the utilities were turned off. I think that is the ...
William Davis
Potential Billion Dollar Deal
Imagine a way to minimize your tenant's rent without losing money. This option for renting could be game changing, and its possible! What do you think?
Andrey Y.
Favorite credit card
Thought it would be fun to see what credit card you guys like for your real estate business. I am not a flipper, I am only looking for a card to use solely for my RE business expenses (buy and hold), nothing else. Boo...