Russell Roberts
qualifying for a solo 401K?
I have a group 401K plan at my W-2 employer. I have an unexpected opportunity to transfer funds out of 401K plan while I'm still employed. Yeah! I'd like to transfer funds to a self directed retirement plan and in...
Davon Lowery
Claming deductions (losses) on your personal/business taxes
As discussed on many previous podcasts, posts most recently in the latest podcast and as general conversation, the discussion of private financing vs traditional financing.I have spend the better part of this year, th...
Carolyn Morales
Is it legal for wholesalers to market Lands available properties?
I have found numerous Lands Available.properties post tax deed auction that are on county lists for purchase over the counter at tax deeds offices, listed by supposed wholesalers who are marketing them as their own...
Account Closed
Maintain Investor status
I have been flipping houses for 3 years now. I have been doing this under a c-Corp. I have been taxed as a dealer. I started a new LLC to buy and sell house, plus rentals. I learned about dealers vs investors and ...
Abdulai Hussein
I have money saved up but my taxes show no income due to writeoff
I am looking to buy my first house. I have over $20K saved up however, my 2018 and 2019 taxes that I filed showed no income due to deductions I took. Is there a way I can still qualify for a mortgage? If so which lend...
Paula Rodriguez
Write-off's when investing in real estate *not* as an LLC
Hey everyone,If one does not form an LLC and still invests in RE continually under their own name can they still write off travel, hotel stays, meals, educational material, seminar attendance costs, purchase of a car,...
Sharon Tzib
Purchasing an LLC vs. the building for Tax Savings
I just read a guru ascertaining a tax strategy for commercial properties.
He said in order to avoid paying the large transfer taxes which result from the sale of commercial projects/properties, buyers frequently requ...
K Luu
Side self-employed business to be eligible for a solo 401(k)?
Hi BP, I'm new to the forum, and have a question about converting a traditional 401(k) into a solo 401(k) with checkbook control to be able to invest in real estate, and what constitute as self-employment to qualify f...
Jeff D.
changing llc members.....a tax event?
Hi! Is transferring 100% interest from one single member to another single member a taxable event somehow? Does there have to be a "purchase" of that membership interest by the new member for some dollar amount fr...
Stephen Mendoza
Tax deductible expenses for researching properties?
Under the assumption that there are no "dumb" questions...I am a newbie to real estate investing. Are the expenses I incur researching properties tax deductible? What about mileage expenses when driving out to vario...