Jason Chin
Retiree, own 2 prop w/$0 mort. would I qualify 4 Heloc / Equity
Hi, first post and newbie!
Mom is retired and owns 2 properties (est worth $1.8m) free and clear without mortgages (yay) BOTH UNDER HER NAME ONLY. I currently live in one house with my young family and she lives i...
Dmitriy Fomichenko
Increase W2 wages by the amount of SE health insurance premiums
Looking for a feedback from tax experts on the following scenario:A client is a self-employed (has an LLC taxed as S-corporation). Pays himself reasonable salary of 35% of the business's net profit. Pays health insura...
Cameron Kirby
Buying a house for Mother In Law
Need some advice. So currently my in-laws are getting ready to sell their house and go their separate ways, while staying legally married. He will most likely need to file bankruptcy here in the near future (credit ca...
Ryan Proffit
Private lending agreement and tax implications
Hello team,My partner and I are currently trying to purchase a value add 8 plex. Our banker will let us do 80/20. We are currently at 15%. I recently found a family member willing to loan us the other 5%. I was thinki...
Dorraine S.
Tenant's Ratio of Rent to Income?
What should the percentage of the tenant's rent be to their income? Not sure if I even know how to ask the question properly. Sorry. I want to make sure the tenant can afford the rent. Should the tenant's rent be ...
Hudson Porter
Puerto Rico income tax on retirement income
I’m taking a hard look at moving to and residing in Puerto Rico. My first question is will my union pension and social security income be taxable by anyone. Researching this online the Act 22 always hijacks the searc...
Dawn Knouse
ready and willing
Hello everyone! I need help. Here is my scenario. I am 60 years old with no retirement. My goal is to pay off my home within the next 5 years buying, flipping, renting. In this process I have the desire to help others...
Brandon Addison
Are there Solo 401-K-like options for Independent Contractors?
I've done some reading on the advantages of Solo-401K options (this article was awesome!).I am hoping to use funds from my adjunct teaching to invest in real-estate and was hoping I'd be able to shelter this income by...
Benjamin Mueller
Cosigner Rental Agreement
Tenants are looking to move in and are slightly sketchy with their past but have rock solid parents willing to cosign for them. The parents however are retired and receive social security and a pension of around 3 gra...
Austin Gallogly
International Retirement Programs
So while I was looking into Belize Real Estate, I noticed that Belize offers a retirement program. You can find the details here (http://www.century21belize.com/retirement-program/), but that isn't the purpose of this...