Quinton Thomas
Tax Planning strategies
I'm Curious to see how other REI handle their taxes and when do they start the planning process. I've talked to a few CPAs in my area and very few of them know the many tax benefits that come with RE. Any recommendati...
HJ Wang
self employed 401k contribution when net loss
Hi, if my self-employment, single member LLC is at net loss this year, and I am the owner, can I still contribute to my solo 401k? I understand I can't make the company contribution because of net loss, but what about...
Josh LaRose
When to Incorporate
Good morning BP community - my buddy owns a real estate investing business in my hometown, upstate NY. He started offering an Apprentice program this past summer which I joined. It consists right now of driving for do...
Sam Rexford
Fed Cuts Rates by .5 - how should us newbies play this?
Hi BP'rs, I don't have a good sense of how the interest rate cut today will affect me as a new investor looking for my first deal... will it start to drive up prices of homes in areas i'm looking at as money gets chea...
Seth Williams
How Do You Know When Your Offers Are Low Enough?
How do you know when the offers you're sending out are low enough?
Here's one good indication...
This letter was in response to an offer I sent to a tax delinquent property owner (note: the name of my company is ...
Joesph Stark
paid off house, not in llc what deductions can I take?
Hello,
Here is my situation that I've been having very difficult time finding a CPA who can help.
My wife and I have 2 houses, the one we moved from was my personal child hood home valued at $320k and has 0 mortgage...
Michael X.
Partnering up with brokerage?!? The next step to growth??!?
I'm looking for input on growing my real estate business. I normally deal with the same realtor for all of my transactions. We have a great repore. He does a lot of business in general and has worked for the same b...
Mike M.
Business names, credit, and NAICS codes
Looking for some input from those with practical experience in the topic, not a legal opinion. I've seen some reference to business names and NAICS codes that are more favorable for obtaining business credit. It is ...
Lydia Kawazoe
Social Media, do you need it?
I am a newer real estate agent and I would like to get the hang of turning profit doing that first, so for now I am just learning about investing while working in the world of real estate. I only want to be an agent f...
David Schneider
Wholesaling LLC
Hi BP,
I'm working at developing a marketing profile for a wholesaling business in the Tulsa, Oklahoma area. (keyword rich. =D)
Is it absolutely necessary to have your LLC created prior to doing deals? Is it even s...