Hal Cranmer
Self-Directed 401K as a Property Manager
I know that you have to have some self-employment income to be eligible for a self-directed 401k. But the IRS sees rental property income as investment income, not self-employment income.
However, if you are the pro...
Jamie Lynge
NW Arkansas Rookie
I am a Medicare insurance agent living in NW Arkansas. I am looking to create financial freedom. I am brand new to the investing world. I recently purchased 2 vacant lots in KS. I am trying to learn all the things bef...
Evan Haslund
Purchasing property from relatives
I have the opportunity to purchase a relatives home because they'll be moving into an assisted living community later this year. I just purchased my 3rd home in February and I'm about to rent out my second home. My st...
Bill Exeter
With Year-End Upon Us, What Year-End Tax Planning Strategies Do You Use?
With year-end and the holidays rapidly approaching, I thought it might be helpful for investors to share year-end tax planning/tax management strategies with their fellow investors. We often get so busy at this time ...
Dustin Awtrey
How am I taxed? Can I pay myself a salary?
So I am working on this project that once I am done will be cash flowing around $5000 per month after all expenses are paid. I want to quit 9-5 and become full time RE investor. I plan on property managing myself as a...
Grace Navera
Do I pay income tax on investment income?
Newbie question here- do I pay income tax on investment income? I haven’t heard it addressed at all yet in the podcasts and other materials I have come across.Thank you!
Spenser Murphy
Taxes and flipping properties
Are there any tax advantages to house flipping like depreciation? Are the profits tax free? I want to get into multifamily rentals. Someone recommended flipping houses to raise capital to purchase the rental propertie...
Henry Li
part time real estate agent tax - are they double taxed?
so... both my wife and I have a W2 job. let's say our income is at around the 24% tax bracket. And then my real estate sales "part time" let's say I made 50k in 2019. Does it mean the 50k commission income has to be ...
Mylie Na
Do I need to pay self-employment tax on my rental income
Hey, I and my husband both are w2 wage earners. We formed an LLC and have 3 properties under that LLC and earning rental income
My question, do we need to pay a self-employment tax on the rental income? We pay SS and...
Chris Allen
Texas Assisted Living
I am an RN here in Texas and the more I have learned about Residential Assisted Living, the more I have become interested in pursuing that area of business and real estate. I know there is obviously money to be made i...