Ulrick Edmonds
Self Directed IRA Usage
I’m looking for some advice and or ideas in my first deal using a Self Directed IRA. We have a place under contract. The ARV is $40k - $50k more than the purchase price. Once all repairs and updates are included what ...
Joshua Biondi
Any advice for tenant screening?
I am a newbie investor that is getting my first taste of property management as well. I purchased a duplex in February with inherited tenants and so far they have worked out well. However, I've recently gotten the opp...
Michael Hardler
HH Taxes: 1040 E or 1040 C?
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...
Leila Nosrati
Solo IRA Recommendations
I see that BP has a list of a couple dozen providers that can help me set up a solo IRA. Which are your favorites and why? Anyone not on the list that I should consider? What is a reasonable fee? Any questions you rec...
Elana Greer
Cash Flow- what to do with it?
Would love some thoughts on the following. Our two rentals cash flow about $300 a month each. We don’t need that annual income for other investments, meaning we have other capital. So is it best to bank that money reg...
Pat Bruton
How are LLCs taxed?
I am leasing a property that is in my name to an LLC who will then be subleasing the property out as a furnished short-term rental. I know that landlords don't pay self employment taxes, anyone know if an LLC that sub...
Justin Morris
Buy our first home/self employment mortage qualification
Hello All, My wife and I are taking the first step in our real estate journey and buying our first home in Tampa FL. We have about 10k saved and will be taking advantage of the FL down payment assistance program and ...
Hiro Kitagawa
Child support and rental income
I'm not sure how suited this question is for BP, but I'd like to mention if anyone knows.I currently pay child support bi-weekly. Recently (April '17) I began leasing the first rental property for $1,600/mo, and the ...
Brandon Turner
Self Employment Tax on Rental Income held in an LLC?
Any tax pro's out there?
If I own a LLC that owns an apartment building, do I have to pay self employment taxes on the cashflow each month? I know normally passive income does not get taxed with self employment, but...
Loren Grey
QRP (Qualified Retirement Plan)
Hello, My name is Loren Grey. I was wondering if anyone has checked into the Q.R.P. (Qualified Retirement Plan) from Total Control Financial? It sounds better than a Self Directed IRA. Thanks.