If i had a solo 401k and invested in a SFH as a investment property.Could you then rent out that SFH by the room(house hack) for better cash flow?is this possible?
I've been listening to the "FIRE" community stating that it's best to max out pre-tax accounts and when you retire early, doing the conversions over to a Roth. This is assuming you will have a low enough income to be ...
Hello,My name is Kyle DeSimone, this is actually my first post! I am a new investor, to the point where I've read a bunch of books and attended a few BP seminars. I am very interested in starting off and one challenge...
Looking for thoughts on or ways that REI's use for leveraging their rental income stream. I understand rent first goes to the mortgage, then the management of the property and its bills. I also believe in having the ...
So I’m in a pickle and don’t know what to do. I have two cash flowing properties and told my new accountant that I am an investor and am looking to buy more properties. I got my returns back and my accountant had both...
So I’ve borrowed against my 401 k to purchase my first short term rental property. Fortunately it’s doing really well. I need funds for my next properties and I’m planning to liquidate my 401k so I can invest that mon...
Our 10 unit condo association ownership has recently bee passed on the homeowners and I am one of the trustees. My question is around filing the yearend taxes. So far, the accounting firm had been filing 1120 form, bu...
For purposes of reducing my personal taxable income, is it effective to run rental income & expenses through a business? I need some of the rental income for personal household expenses which would be a salary (r...
We're starting our flipping business this year in order to fund our buy and hold strategy. And I understand that income from rehabs/flips is taxed at the highest level. However, we intend to use all profits for the pu...
I have become more interested about SDIRAs after seeing them advertised in BP's Wealth magazine and more recently after reading Matt Faircloth's book "Raising Private Capital" and have a few questions. I am looking to...