Gabe C.
Qualifying for a Solo 401k
I talked to the always helpful @Dmitriy Fomichenko a while back about SoloKs, SDIRAs and Checkbook LLCs and despite the SoloK being the obvious best choice, I came to the conclusion that since I don't make any schedul...
Itay Heled
B lender mortgage broker Ontario Canada for self employed
A question for my fellow Canadian investors here.I am in the look for creative hard working mortgage broker for my next rental property in Ontario.so far 6 application denied but I keep going because I feel this is po...
Kameron Patterson
Looking for creative financing ideas for multi-family property.
Happy Father's Day to all our BP fathers out there.I am getting ready to transition from active duty military to self-employed civilian. I have run into a complication I was hoping I could avoid. I am having some tr...
Albert Ellis
Looking for a self employed friendly lender in Baltimore
I formed my LLC while working my W2 job in 2018, but left that salaried job and have been generating 20% more income from my LLC as self employed individual in the same line of work since January 2020. I want to house...
Daniel Dietz
What Qualifies as "Self Employment Income" for setting up SOLO401
Hello All,I am going to be talking to a couple of the "Pros/Vendors" for are so sharing of their time and knowledge here this week about setting up our Solo401k accounts, but thought this might be a good question to a...
Keli A.
Input Please - Pay off our Rentals or Contribute to our 401K's ?
We have six rentals. Both of us are W-2 employees within 10 years of retirement at 67. One employer matches 401K contributions for first 6% at 50% match. The other employer offers No Match at all. We had each been...
Ezra Nugroho
(How) Can I buy my own note with self directed IRA?
Hi all,I am considering doing a small private lending which would provide me a 1st position note on a property. Closing is expected in 3 weeks.I'd love to be able to service the node using my IRA money, however it is ...
Jon Satchwell
Loan Qualification with an S Corp
I am interesting in buying more rental properties, but I recently switched jobs so I’m no longer on a W2. I now have an S corporation where I am required to pay myself on a W2. Instead of waiting 2 years, I’m wonderin...
Eric Thornton
First deal - looking to use a 401K loan
I am looking to make my first investment in commercial real estate. In doing a lot of research here on BP and elsewhere, there is so much information regarding using 401K's and self directed IRAs for real estate down...
Pete Tallerico
Income tax on rental properties
Hi everyone! As a total newbie, I'm trying to figure out this game and am confused about how much and when do you have to pay income tax on a rental property. If I collect $1000 in gross monthly rent, that's $12,000...