David Gradman
Would a Real Estate Professional pay SE income tax within an LLC
Question for the CPA's and Tax Lawyer's out there.If I own a rental property within an LLC and I (or my spouse) meet the criteria for tax purposes of being a "Real Estate Professional" would Self-Employment (SE) taxes...
Tyler H.
Converting commercial warehouse to Climate control self storage
I need help converting my commercial warehouse into climate control self storage. I want to be sure I do it right from the beginning. I have put together some basic layout plans from (Mini Storage Outlet).Does anyone...
Desta Sillerud
Self directed IRA and solo 401k recommendations
Hi! Does anyone have recommendations of who in the area can help with self directed IRA and solo 401k's. Looking to possibly transfer from my traditional 401k after leaving my W2 job. I've spoke with my accountant and...
Alexandra Danner
STR: How to Deal with Cities that Mostly Use Management Companies
Hi there. I am looking into buying my first STR property in Ocean City, NJ. The city's majority of rentals are handled by property management companies. They handle everything from booking, cleaning and maintenance...
Ryan H.
Single Member LLC: Self Charged Interest to Reduce SE Tax?
Questions: (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan? (2) If so, is the interest paid by the company a deductible expense to the company reporte...
Orlando Goodon
HELP, I can't find financing for 4 unit 5% down. FHA SS fail
I found an AMAZING house with amazing views and 4 units, but the rents in the area are too low. On the bad side of town, similar units go for up to $1700. The house is in the best part of the area. Great quiet tree li...
Jon Van
Least amount out of pocket
Hey all,First post ever on the bigger pockets forum and I can't believe I have not found this place earlier. Here goes. I currently have successfully flipped two homes in the recent year also own / live in a duplex ...
Steven Lopez
Income Taxes for Conventional Mortgage
I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
Nghi Le
Is S-Election Necessary for High W2 Salary
I've always heard that I should use a corporation to reduce self-employment taxes while doing fix-n-flips. However, I've heard that you only need to pay high SE taxes up to $130k. If my W2 Salary is $130k+, then my ...
Ian Fried
Looking for financial freedom!
Nice to meet everyone! I have spent the last 14 years in nursing and love what I do as a nurse practitioner. That being said, I realized that I will never have financial freedom with my current plan and have been look...