Hi BP, I'm new to the forum, and have a question about converting a traditional 401(k) into a solo 401(k) with checkbook control to be able to invest in real estate, and what constitute as self-employment to qualify f...
I have a conventional mortgage application currently in progress. I submitted my W2s from multiple jobs for the last 24 months to be used for the application. Upon review of the W2s, UnderWriting is saying I can't use...
If I save money in an IRA can I avoid being taxed on that money and invest in real estate with it at a later time?
I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...
Okay- So I am going to make a long story as short as I can. My husband and worked in the vinyl Siding business and roofing for a while now. Running his own crew. We have 1099 our workers. Now he has been approached fr...
Hello!As of November 2016 my electrical company was doing well so I quit my W2 job to work for myself. At the time I was working for someone else, I was growing my company on the side,and accumulating a few months of ...
Good Morning Fellow Investors!
Here is the dilemma. My partner and I are wholesaling and splitting everything 50/50. We are doing these deals under a company that he had before we started so at the end of the year ...
I am considering forming an LLC for landscaping and a second for construction. The thought being that it would create additional tax breaks when purchasing equipment etc that would be mainly used to maintain my prope...
As I'm closing in on my first rental property, it occurred to me that any rent checks are going to be written out to my name since I'm managing the property. I haven't been in any hurry to set up a business entity si...
Is it a good idea to take out a loan against 401K for downpayment on a first property? Thank you!