Carolyn Parcheta
New Member in Glendale, CA
Hi!, I'm new to real estate investing. I've been doing a lot of reading about investing, and i'm very excited to get started. I'm currently looking for a mentor. If there is any way i can help any of you in the G...
Eric Gay
Cash out re-fi to purchase rental vs commercial loan?
So, my wife and I are taking the leap into leveraging a (as in one, so don't worry, I'm not going leverage crazy over here) property for the whole "put a little down and let the tenant pay it off then sell it for a pr...
Tami Goodrich
Pay Uncle Sam, or use $$ for a down payment.
Investment Info:
Condo buy & hold investment.
Purchase price: $275,000
Cash invested: $68,750
When my husband sold his company in the latter part of 2022, we were facing a large tax liability whi...
Nate Green
Lease Options
I was wondering what type of tax implications lease option assignments bring? Is there a certain amount you can do a year before being labeled something like a trader? Is it just earned income?
Thank you for ...
Christopher Ajayi
IRA/LLC or Checkbook IRA
I am interested in knowing what members (investors) think about "IRA/LLC or Checkbook IRA" and the best institutions in the business they have dealt with in the past. Much of the information out there are from the ins...
Melanie Baldridge
“active income” and “passive income"
There are several different types of income in the US tax code.
Two main types are “active income” and “passive income".
Active income is money you earn from working, such as wages from a W-2 job or income from runn...
Alexander Timberlake
Solo 401K Questions for REI
Can someone explain the details of a solo 401k? Points I am curious about:-Can you have a Solo 401k and a corporate 401k if you are still employeed?-Is the Solo 401k the same thing as a self directed IRA? (except for ...
Jeffrey Muth Jr
Investing for children
Hello- Been recently listening to the podcasts. My kid has about $8-900 (we have been saving every dollar he gets from birthday & christmas) I want to invest it in something but don't know where to start.I would l...
Michael Hammond
Solo 401K for LLC and S-Corp
All, I've read there are better tax advantages for using an LLC for rentals and an S-Corp for flipping. I have had an LLC and recently set up an S-Corp to start doing rehabs. I like the control features of the Solo ...
Paul Kennedy
Anyone use 401k to purchase investment properties?
Has anyone used their 401k savings to purchase investment properties or is the penalties and being taxed twice just too much? Thanks in advance.