Assuming the employer matches 100% of the amount contributed. Knowing that a traditional tax-deferred 401k allows me to borrow up to half of investment dollars (that inclusive of company match funds), or up to $50k, a...
Getting everything ready to form my new LLC for my REI company and not sure which is the best way to go for tax purposes. S Corp or C CorpFor now it will be owned and operated by myself but my two sons may join later....
Hey BP,I am from Northeast Pennsylvania near Scranton. I am 22 years old and will be graduating from Penn State in May with a B.S. in Accounting. Also, I have $0 in student loans and I have enough cash to put down 20%...
Hello BiggerPockets Community, I recently graduated with an engineering degree, and I have been debating whether I should pursue full time employment or pursue my passion for real estate. My long term goal is to be a ...
Hello everyone,
I am a new investor from Denver and am happy to be apart of the BP community. I have spent the last hour or two jumping from one forum to the next and the wealth of knowledge is amazing. I've...
My question is regarding the Paycheck Protection Program and how this relates, if it does, to property owners/landlords under the CARES Act that was signed into law on 3/27/2020.
I understand that the overall purpo...
I was hoping someone can help me understand the process of BRRRing using a hard money lender for acquisition and then refinancing after renovation and renting. If I do not have a W2, am I still able to refinance into...
Lately, because of the large amount of confusing and low quality information I have read online and my inability to access my book collections, I am confused about taxes.
I have the following questions:
1. Are there...
Hello BP, I have been in this mental loop and hoping for some advice, I am 19 years young and am currently in a partnership on 2 commercial properties located in Buffalo NY. I want to keep in mind that I do most of t...
I've looked at six different companies and the fees are all over the place. The cheapest so far is Sunwest Trust. Their annual fee is $225 regardless of the number of assets. Their application fee is $50.
Am I gett...