Bienes Raices
How would you handle this?
I had a group come by this morning to look at a house. They were very normal, polite and no alarm bells went off.
After they left there was a knock on the door a couple of minutes later and it was the husband/boyfrien...
Ryan Sanders
Would this be business expense or personal??
I currently own my home and I intend to do some light rehab and upgrade then move out and rent out the house. I have only recently formed my LLC and I want to be sure I keep my business finances separate from my perso...
Cody Barrett
My Brother asked me to manage his property.
My older brother recently bought a new home for his family, moving him out of his current duplex that he can't sell because he's underwater. He also does not want to deal with being a landlord. Here is where I come ...
Wally Katz
1031 to personal residence (already owned?)
Have a semi complicated scenario I can't quite find the answer to. Managing member of an LLC that owns investment property (with a silent partner's equity). Would it be possible for the LLC to sell the investment pr...
Nur Al Sharif
Leasing to an Owned C-Corp which then leases to third party?
Hi all, I came across an article detailing why a C-Corp should never own property, but should opt to lease it instead. (https://www.thetaxadviser.com/issues/2018/sep/leas...) This led me to think of a scenario. Not s...
Dale Nuzum
Self Directed IRA LLC
I am looking at doing a SDIRALLC on 100 acres that has just come up for sale. It is all farmland and I would be getting about $15000.00 Rent a year from it which would be put back into the IRA. Who do I trust to set t...
Troy DeLong
Self-Directed Solo 401k
I've been self employed for a little over 3 months now and am looking to move my Vanguard 401k funds (formerly 'employer sponsored') into a Solo 401k account so I can use that money to invest in Real Estate. Is this ...
Account Closed
newbie update...
Just wanted to give you all an update, since I started toying with the idea of REI (month ago ish) and joined BP, about a week ago, I have learned alot, but on to the good stuff, no deals yet, (I don't even have enoug...
John McAuley
Can my Solo 401k sell a house to another LLC I own?
Hi Guys,Would it be possible for me to purchase a home with my Solo 401k, fix it up, then flip it to an LLC I use for my buy and hold rentals? Basically I would use the funds in the 401k to purchase my deals, fix the...
Richard Z.
How to reduce self employment tax for flipping project with partners?
It’s been a while didn’t come and post here.:-) hope everyone has a wonderful 2013!
I did a project in 2012 with other two partners (one active on passive no salary for both). By the end of the project I took a small...