Horace Andrews
Got My First Deal Done? Now What Do I Do?
Hello there!I'm a newbie wholesaler. Just last week, I was able to make $3k in my first wholesale deal ( a JV deal, actually).My question now is this...what is the best way to use some of the money I earned from that ...
Devon Cornwall
Looking for Canadian CPA for confirmation
I'm looking for some information about how corporations work in the terms of personal. Can I set up a holding corp that shows no income (paying no tax) as a through entity?Essentially, I am working with a group of 3 o...
Nick Halsey
rifi to 15year and earn 0% or keep the 30year and earn8%
I recently Put 70k into a sfh in Everett,Wa. After my sweat equity I believe I’m sitting on 50% loan to value but I’m only earning 5% annually on that money. Interest rates lowered a bit so I could actually refinance...
Calvin Baughman
Key Factors for Success in Short-Term Rentals: What Matters Most?
Short-term rentals have become a popular avenue for property owners and investors. So let's delve into the critical aspects that drive success in the STR industry. Whether it's exceptional guest experiences, effective...
Ryan Deasy
Designating yourself as a real estate professional
If you pass all of the qualifying tests and indicate at tax time that you’re a real estate professional, does that allow you to use all of your losses to offset gains?i know as a non-real estate professional you are l...
Daniel Massicotte
Do I Really Need to Declare $80,000+ this Year?
I have a scenario that is playing out. I want to get some outside perspective from other investors, lenders, etc.... ideally from people with experience in Canada, but of course, not mandatory. Here is my Situation:In...
David Bittorf
Is it smart to draw early from Roth IRA to invest in real estate?
I currently have about $115k in my Roth IRA. $60,000 is contributions. If I understand this correctly, I think I could pull out $60,000 for a 10% penalty ($6000). If I pull out the whole thing I think I would get hit ...
Dale Viljoen
Is working as a Real Estate Agent worth it?
This is something that I have been struggling to decide for a fair amount of time now. I have completed a one year course in university and will be moving onto a 4 year course next year in Cyber Security. However my e...
Angelo Revercomb
How do I start?
I am writing to seek advice or find a mentor to help me take action towards my goals.
To give you a little background:
I am 23 years old and married with a daughter and another child on the way. Currently, I work a...
Amanda G.
Move allocation from self directed IRA to self dir ROTH issues?
Hi All,I have both a self directed traditional IRA and Roth IRA. I'm wondering if it is possible for my annual contribution to move assets from the traditional to the Roth rather than contributing new money to the Rot...