Christian Perez
Need help/guidance creating a s-corp for taxes
My girlfriend is a cosmetologist who has been filing under 1099, but wants to change that with the S Corp. I’m looking for someone that can help recommend me or guide me to the right person to create that. She makes a...
Brie Schmidt
Tax Questions about Flipping
I wanted some feed back to make sure I am analyzing this correctly. We are considering doing a JV flip and would reinvest funds. I wanted to make sure I am looking at the tax implications correctly. This would b...
Juan Pablo Murillo
Benefits of Not Forming an LLC
Hello BPers,This past 2018 I purchased two rental properties under my name. The earnings are under an LLC after filing a quitclaim deed. I'm curious if there are any tax benefits of not renting your properties under a...
David Chwaszczewski
Setting up a eQRP vs. SDIRA
Has anyone done an eQRP? I am looking into the company Total Control Financial, but wanted to see if anyone has setup up one with the company before. Seems like it may be better control of your money then SDIRA and ...
Amy Greger
Refinance with Self-Employed Income
Trying to refinance cash-out on a duplex. Excellent credit. Went through most of the process, and was shut down because we have self-employed income only. "I thought you still had a job (W-2)"... What's the best wa...
Dan Wallace
Payroll Protection Program (PPP) Loan Forgiveness
As a part of the $2 Trillion CARES Act, the SBA is authorized to lend $349B to small businesses impacted by the COVID-19 economic impact.The primary program for small businesses through the CARES Act will be the Payro...
Scott Armstrong
Selling my first house and carrying the mortgage
Hello,
I've done a lot of looking around and have read many different posts but have not seen anything that closely resembles my situation. I'll try and lay it all out but if I miss something please feel free to ask....
Mac Boeve
Background Check Dispute - Eviction & Identity Stolen - Grand Rapids, Michigan
I recently had an applicant who supposedly had their identity stolen. They had a low credit score but beyond that, they were a solid applicant based on their application and references. I ran a background check throug...
Danny S.
401(k) Situation
Good Morning BP!So I have about $19k stuck in a 401(k) account with a former employer. I'm fairly young, 30, so my investment allocation was 85/15 stocks to bonds. Since its inception over 5 years ago, my overall rate...
Antoaneta Ortiz
LLC or Partnership?
Hello everyone!What is the best tax structure to file as a husband and wife team for real estate investing?LLC orPartnership