Hi I am setting up an LLC and transitioning over from W2 employment. I have a company 401k and an IRA. I set up a Merrill Edge 401k which looks to be really expensive and not what I need. I set up a ubiquity solok but...
Hello there, friends - I'm interested in getting licensed as a Mortgage Loan Officer, but I'd love to run a few questions by someone (or multiple folks) who already have boots on the ground in the industry to get some...
Hey BP Investors and Agents, I've noticed a good number of questions I answer on here are related to trying to purchase a property, but having issues with income - So I think many of you will find this post VERY helpf...
I have been reading books on real estate investing along with other business books. I'm currently half way through Rich dad Poor dad, and the talk of assets has baffled me.
Growing up my dad, being a business owner h...
So my wife and I were brainstorming thinking about how we want to establish our presence in this market and ran across an interesting predicament. She is looking to attend a class and get her license for real estate a...
Hello,I am currently under contract to purchase a 4-plex in CT (3 residential units and 1 store front). The property also has a large parking lot across the street from a big employer and generates income from it. I h...
What kind of metrics do investors look at in a city before deciding which property to buy? I know some common metrics include employment data, population, avg income, breakdown of neighborhoods etc but I was wondering...
Hello BP Family,I've read so much on whether to file our STR as Schedule C or Schedule E when filing for 2022. This is what I gather:Schedule E = Passive, No 15% self employment tax, No passive loss tax benefitsSchedu...
Hello BP! To lower my taxes I want to make contribution to my SEP IRA from income that was generated from flips that were owned by multi member LLC's My accountant says that Im now allowed to do this because all the m...
Hello all, will be continued full time W2 employee but also starting new LLC single member. Next hour or so will register EIN with IRS, best selection I have found during discovery is to establish it as either 8832 or...