Robert L.
How to record my owner financed note?
I wholesaled a property and charged an assignment fee of $5800.I took back a note and my buyer is paying me $300/mo a month until the note is paid off.My bookkeeper is having a very hard time how to record this in Qui...
Ryan Crowley
Corporations and reducing tax
Hey everyone, like most people here, I have read Rich Dad Poor Dad several times now and am inspired each time I read it. In there he mentions creating a corporation to significantly save on taxes. He references bei...
Clancy Catelli
Margin lending to leverage a rental property
So heres the idea.... lol I want to build a duplex, but dont want to tie up a ton of cash in the process. I was thinking about borrowing $200k from my margin account threw Edward Jones @ 4.5 % (i think i have a year t...
Jarrett Harris
What to do about Taxes
I'm not really sure which forum this should be in. But my question is, how do tax write offs work as far as repairs and upgrades are concerned? I have read and heard some people say any repair and/or upgrade you pe...
Brendan Bracken
Self Directed IRA's?
What are best SD IRA's for real estate investing? And why only $7k per year max limit for over 50 year olds? Seems a tiny amount
Angelo Llamas
Do you need a bank account for every property
Me and my 2 brothers are starting to invest an we are curious as too as we start acquiring more an more properties do you need to have a separate bank account for every property or how do you keep track of them other ...
Chris Oconnor
take money out of 401k or open self direct 401k
i am 61 year old retired for 3 years just starting to learn to invest in real estate. should i take money out of my old 401k tobuy property or put in a self direct 401 to buy property?
Marian Smith
Does my Schedule E look like yours? Ma and Pop landlords
Due to a discussion about filing form 3115, which is evidently required but may not be expected to be complied with, I thought I'd ask if my Schedule E looked normal. (No red flags) First, can anyone link to an art...
Ryan H.
RMD's as Qualifying Income
Hello, I'm beginning to explore purchasing my first property with loan financing. I do not have much employment income, but I do receive Required Minimum Distribution (RMD) income from an inherited IRA account (from ...
Drew Bowker
Tracking Cash Flow for Rental Properties
Does anyone recommend a certain software or perhaps an excel template to track cash flow for multiple properties?
Ideally, I would like to be able to see gross income, expenses, net income at the unit level and also ...