Bryan Martineau
401k to solo 401k, or SDIRA, or other options?
My wife has a Roth IRA, and I have a 401k. We are wanting to buy a third multi unit and and wanting to tap into these funds for this investment, However I am lost as to which route to take in doing this. We also have ...
Robert Stamper
401K Solo contribution limits.
Hi everyone. Are 401K solo contributions limited to the amount of income made in the single member LLC? Example. Let's say I made $1,000,000 on a W2 job and made $10K on a single member LLC. Could I put $50K in ...
Sam Tamayo
real estate proffessional classification
Hi, looking to claim the real estate professional for tax benefits. I have a variety of qualifying activities on a part time basis that will qualify me, but am thinking of adding LSA (loan signing agent) to the mix. ...
Rajat Chopra
FHA Loan Qualification
Most of my income is currently W2 income from my companny. However next year there will be a portion of my income which will also be interest income (simple interest received on 1099s or maybe K1s). So if I decide n...
Alex Howard
What are my short term capital gains tax?
My wife and I are in the 22% tax bracket for our employment income. Is the rate my short term capital gains taxed at dependent on the amount I make from the sale of my flip or is it taxed at my income rate (including ...
Derek Whitener
Tax implications of "Investor" vs "Dealer"
I have house hacked a few times now where we buy a foreclosure, renovate, then sell a house at the two year mark so taxes have not been an issue. We now want to flip a house on the side, outside of our primary residen...
Danny Ondik
S Corp to manage many LLC's?
Hello,
I am planning on having an S Corp manage my 6 LLC's (and hopefully more in the future). Is this the best tax strategy moving forward? This is what I think after research but am nervous I am making the wrong mo...
Dave Versch
Solo 401(k) vs Self-Directed IRA LLC
I've been reading a lot about both the Solo 401(k) and the Self-Directed IRA LLC. From my layman's perspective, it would appear at first glance that Solo 401(k) is the way to go. No custodian to deal with and higher...
Tom Tao
Onsite manager - Employee of Property Management Company or Owner's LLC?
I recently ran into this question with my remote multi-family property so want to see whether people have any thoughts or what should be normal practice.I hired a local 3rd party property management company to help me...
Dusty Ackerman
Temp working tenants
Hello BP,Just wanted to run this by a few of you landlords who have had some experience in the game.What are you thoughts on Temp workers or Temp to hire working tenants? When screening a tenant and you see they are w...