Chris Charlton
Solo 401k/1099 problem—please help!!!
I sold a rental property that was owned by my solo 401k and deposited the proceeds right back into my solo 401k. My bank gave me a 1099 on the sale. What do I do with this? Do I have to pay taxes on the proceeds? My...
Robert K.
Quadplex Insurance
Hello,
What type of insurance policy do you usually carry for a quadplex? I'm getting different messages. Some say I can have a traditional policy and others say it must be a commercial policy.
With commercial, th...
Joe Wood
Inherited IRA Withdrawal Questions
Hey Guys,I recently inherited a traditional IRA (Non-spouse) and would appreciate additional feedback from those who are familiar with what options I would have. I am looking to pull out about $100k right now in order...
Jeremy Taylor
please Help with assignment contract
Im a newer investor and I found a property im going to purchase from a wholesaler. I found the wholesaler off of a bandit sign and he has sent me a few properties. Everything seems legit and he is with a legit company...
Peter Thielemann
Rolling over a 401k to a self-directed IRA.
Hello, I'm looking for a reliable custodian to roll my company-sponsored 401k into a self-directed IRA. I'm looking to purchase rental properties to supplement my soon-to-be retirement. Also, I'm looking for any infor...
Mike Grady
Transferring Rental Properties to Corporation
My wife and I have three rental properties in Ontario owned in our own names. Our accountant had initially advised us to do this when we thought we'd only have one or two. Now we have three and are looking to add mor...
Frederick Hawkins
Tax Question - Passive Real Estate Investment Income
Hey BP,Looking at starting an LLC to manage future investment properties. Anyone have experience operating an LLC and not having to pay self-employment taxes? Here's my understanding of the IRS code on this question...
Heyward Lovett
1031 exchange and residency
I recently completed an exchange and would like to know if I'd be ok legally if I lived in the property. The property was purchased in my personal name and later transferred to an LLC.
Daren H.
When Is A Good Time To Refi?
In reality I know the right time to refinance is dependent on the person and situation. So I hear a lot about “refi till you die”, “equity is only good if you use it”, etc. Several of my rental properties are at ~50% ...
Dustin Morgan
Loans & LLC's
I'm assuming banks do not lend to LLC's, so how do investors that hold their properties in a LLC's finance them through banks?