Evan Howe
California LLC question
I live in CA and am about to purchase my first OOS investment property, targeting Cleveland OH. I am looking at an LLC vs SP, with the LLC registered in OH. I know CA has an $800/year fee for any LLC “doing busines...
Bernard Haugh
Is this a Prohibited Transaction? SDI Solo 401K
Is funding my SDI Solo 401k with tax return a prohibited transaction? Co mingling? Solo K is owned by my retirement trust of which I'm trustee. Thanks in advance.
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IRS "Dealer" and Self-Employment Tax
I've been warned that doing too many buy/sell transactions may cause the IRS to designate me as a "real estate dealer," and force me to pay self-employment tax of 15.3% of the first $72,600 of income. I'm wondering:
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Michael Deering
No School, no problem. No Property Taxes!
With the likelihood that a Fall COVID outbreak will force schools to close and adapt a virtual teaching platform parents will incur the cost of time and lost wages to supervise and teach their children. I understan...
Chase Vettese
Real Estate Accountant - Denver/Colorado
BP Community,I am in need of an accountant with a Real Estate background to help with annual taxes for Multi Family properties. Does anyone have someone they would highly recommend in Colorado (Denver area preferably)...
Jen Kurtz
What do you do? The famous cocktail party question (in one sentence)
I was thinking about this recently. Those are who are not fully self-employed as a real estate investor, what sorts of day (or night) jobs do you have? I was curious to see if there were any types of jobs or industrie...
Karine Arditi
St Augustine investors
Where are the St Augustine Florida investors in this group? How’s the rental market? Easy enough to rent? Reasonable cap rates? Looking for newer constuction wondering if any of you can share your experience in that ...
Olav Bokestad
Wait or Invest? Best strategy now with $300K cash - no loans.
Been looking for a flip deal on the entire East Coast from NYC down to Miami for a year. Still no luck.Market is going down, interest up along with inflation. How long can the market take it before we get a deeper cra...
Jake Emfinger
Can my LLC manage a property in another state?
I’m looking for some office space for my personal use and to possibly lease out unused space. We live right on the state line and I’m wondering how it would work if I purchased something in the next state over. Can my...
James Stewart
Portfolio/commercial loan for land purchase
Hi: I just formed an LLC that has one asset currently, a single family home that was paid for in cash. I am looking to get financing through the LLC for the purchase of a residential lot. I understand this may require...