Samantha Kay
Maximizing Tax Benefits of an LLC
Newbie here!
We have a secondary home we plan to start to use as a STR next summer. The home is currently in our name and we have a conventional mortgage on it.
-For those with a house in your name, do you have ...
Fay Chen
What's a good resource for Self Directed IRA?
My parents are getting ready to retire in less than 5 years. Dad is going to a lot of retirement seminars but most of them are after his 401K & pension money. Mom is an investor in heart, so she's been eager to ge...
John Williams
Self-Manage vs. Hire a Property Manager
Who is self-managing their rental properties?Who uses a property manager?Why/why not (either way)?Pros/cons (either way)?-John WilliamsProperty ManagerClarksville, TN
Bryan N.
LLC for flipping and I'm an out of state resident
So, I'm active duty military with rentals held under my name and an umbrella. I'm going to start flipping. I was going to start an LLC because I was told that it will limit my taxes to 15%. Currently I'm in the 25%...
Steven Burrows
Solo 401(k) documents
Is it possible to setup a solo 401(k) on your own. I've been researching solo 401(k) providers and I am having a problem getting my head around the cost some providers are charging to provide the documents (800.00 and...
Aaron Laster
Are The Properties That We Flip Subject to Self-Employment Taxes?
Disclaimer: I am not a tax professional, and you should talk to yours about the tax strategies that would work best for your situation.Flipping properties has been one of the most popular ways to profit from real est...
Krishnan T.
Advice on building up a System/technique for self prop mgmt
Hi BP experts and PMs,I am in the process of trying to close on a Rental duplex in Tampa ,Florida. I heard that self managing the rentals for a while helps build experience and truly understand what PM's face ,but I h...
Wendy Joe
Is there a checklist that anyone can share for starting REI?
I'm dipping my feet in the REI and want to build my long term financial freedom. Is there a REI checklist that I can reference or anyone can share? I take better action if there's one and if it includes links to resou...
Arthur D.
For rent or to own.
Hello everyone. Ok it's been a while since my last post. I have finally decided what I'm looking for. It's. A multi fam unit in Easton P. A. For under 100k. should be able to get nice property with little work needed...
Samantha Perez
Bank Statement Loan Trap?
My wife and I are self employed and have reached out to Sprout Mortgage to help us do a bank statement loan. We both have good (700+) credit so the agent said that we can possibly put as little as 10% down. I understa...