Linda L.
Solo 401K as Sole Proprietor
For a sole proprietor business with net income around $50-60K, if I like to include one family member(brother) in my solo 401K, what will be best structure to be cost effective and tax efficient?
To form a pa...
Lisa Liberski
Setting up C Corp with IRA funds? Experience with Guidant Financial?
Looking to possibly set up a C Corp and have our IRA buy shares so that we would have available capital for fix and flip opportunities. Does anyone have this arrangement set up or had in the past that can give me advi...
Marco Y.
Feels like a scam...
Hello Everyone,I just recently closed on a two family house in North Jersey that I bought from Fannie Mae. I sent in all the permits last week for the complete gut rehab I will be doing in this house. Today I received...
Rich Weese
Strike 1! Strike 2! Strike 3!! We're out!!
The tech bubble bursting was our first strike. It put us "the batter" in a hole.
The real estate bubble gave us "strike 2". Bigger hole.
Strike 3!!!! I think we could be taking the final swing at present. I've d...
Dustin Peters
Sep 401k or Solo 401k under LLC
I am curious about setting up a 401k under my LLC. Is it worth the time, money, tax advantage, etc to set one up. If so which makes more sense a Sep or a Solo 401k. Would it make more sense under an S-Corp, C-Corp etc...
Devin Wilkinson
License requirements in regard to managing properties.
I am just beginning my real estate investing career and have a few questions.I am a big fan of vertical integration where I control every part of the business from rehab to management. Recently I read where to be a pr...
Randy Born
Can I get a loan if on maternity leave?
So, I just opened up a company and left my 1099 employment and can't seem to find a bank that will give me a loan since my LLC is less than two years old. My main client is my former employer, and I thought that would...
Cameron Crosley
Owning a laundromat?
Hello BP community, So I know this is random but I have been reading into owning a laundromat as an easy to run business. It looks as though there is a lot of upside potential and not too many negatives. Aside from th...
Joshua Walker
Renting a home to a business.
Good Morning Biggerpockets family! I have a 3300 sqft 5 bed 2 bath home that I am renting. I have a business interested in renting the home for their employees to stay in when working in the area. Can anyone share t...
Quandra Adams
Verifying Waitress/Server Income
Do any of you ever require any supplemental information from servers or waitresses to corroborate their income? If so, what else do you ask for? Tax statements? I know servers can do pretty well making tips however I...