Robert H Hilbert
Solo 401K for Real Estate
I want to transfer $ from a std 401K to a Solo 401K for the purpose of investing in R/E. I want to ensure that I meet the requirement regarding active, not passive, income. Can you please recommend a company that off...
Carl S.
Seller tax implications when Owner Financing
Hi AllI'm looking for clarity on the tax implications for a seller when owner financing. The seller I am dealing with only has one reservation on carrying a note and that is the tax implication. The details are as fol...
Terry Portier
My First Quarter Earning’s & Start-up Cost
Labor: 180-hours (15hrs/wk, $80K median household income) = ($7,200)
Labor includes reading BP(education), looking at properties, going to REI association meeting’s, talking to banks, agents, internet research(home...
Jerry K.
Quick look at Palm Beach County FL results with sub account elimination in 2013
I've talked about Palm Beach County being one of the first counties to eliminate the use of multiple sub accounts in their auctions, I speculated that it would be great to level the playing field in terms of ind...
Erik Carlson
To pull the 401k or not to pull the 401k
Has anyone pulled their 401k out (not borrowed) to purchase an investment property? After paying the taxes and penalty, we’re the returns still better or worse than leaving in a 401k? This seems to be dependent on a...
Derron Taqee
Was Kiyoski right when he said a business owner can pay themselves first and the gov taxes whatever is left?
So I just finished reading Robert Kiyosaki's Rich Dad Poor Dad and he stated something about how business owners pay taxes vs how 9 to 5ers pay taxes. He says 9 to 5ers pay the gov first in taxes and they get whate...
Lisa Gardner
Is there a scenario where investing in RE offsets other taxes?
Is there a way to use investing in real estate to help offset someone's taxes? The scenario is a single member LLC filing as an S Corp. The tax burden is high, and I was wondering-if funding were not an issue-is there...
Brendon K.
Was the financing in podcast episode 25 really possible?
The first guy on the show said he earned average for a financial guy in Boston and that he saved up 3.5 percent for a FHA loan on a $383000 triplex. Overall Boston income is around 60k.
I earn a bit more than averag...
Chase Hoover
Palm Beach County TDT Collection by Airbnb?
Palm Beach County Airbnb-ers: I checked my Airbnb listings this morning and under "Automatic Tax Collection" I now see "Accommodations Tax (Palm Beach)". Before, it only showed "Sales & Use Tax (Florida)" and "S...
Justin Littke
starting a business / investment property taxes
Hello, I am 25 and just moved to VA Beach and started in REI. I just purchased my first primary home, single family, as a short sale, for 130k that is certainly worth 160k or more (170k or more after I do some simp...