what should a land lord look for in the tax returns of a self employed person net or gross
Hello, everyone.I started to fill out tax return this year and figured out that I cannot offset my $40000 self-employment income towards $20000 rental loss, and I still owe 15.3% self-employment tax which is almost 7 ...
Hello BP Folks, I'm curious how more experienced landlords might handle this situation. I have a Class B apartment that I am renting out in a Class C neighborhood (West Kensington of Philadelphia) that I have been ha...
The IRA vs. 401(k). You’ve heard of these retirement accounts before, but do you know the difference between the two? Maybe you have a 401(k) at work and have been diligently getting your employer match but struggle t...
Hi,Has anyone set up a Solo 401K under a S corp? I already have a S corp. Would like some advice.My objective is to roll traditional IRA (contributions unrelated to the S corp and held at Chase currently) over to the ...
I've always been intrigued by the strategies wholesalers employ to evaluate properties they're considering, especially when they're remote. As someone looking to enhance my remote investment approach, I'm curious:1. H...
Curious how much others weigh credit history when it comes to your screening process? I recently pulled my own report using SmartMove and there were several inconsistencies when it came to the number of credit lines a...
First Item: I am interested in a property as a buy and hold. One issue that I am somewhat unsure about is that it shares a detached garage with the property next to it. As it is now the same owner has both properties....
I have a full time job and rental properties. I'm looking for ways to reduce my taxable and am looking into whether 1) I qualify for a solo 401k as a landlord and 2) whether it will help me reduce my taxable income. I...
I am 22, recently out of college and have been at my job for about a month. I am interested in purchasing an apartment I would rent out or a duplex which I would live in/rent the other. Within the next month or two ...