Noureen A S.
S-Corp Profit Distributions: How Are Owners Taxed?
Dilemma...I have an S-corp. For the majority of 2017, I paid myself outside of payroll ($5K was paid to me thru payroll and $20K were just 'owner withdrawals' - my acc'tant said they must be recorded as "profit distri...
John Wolf
Minimizing Taxes using Equity in Rental Property
I am retired with a several rentals and looking to minimize taxes. I was reading a tax saving idea regarding using the equity in a real estate rental instead of withdrawing Retirement Savings. From what I understood, ...
Ben Lukes
Paying debt with a business to improve personal DTI (episode 943)
In episode 943 of the podcast the guest, Jeff, said that if you pay your debts through a business account for 12 months, they will no longer apply to your personal debt-to-income ratio (DTI). Does that apply to conve...
Bill Fanelli
Marketing and Seo
Who is using marketing companies for Seo and paid google ads? I'm currently looking at using a company and they charge $2000 month for managing the campaign plus a ad spend for 4 properties. Is this the going rate? An...
William Daley
Best way to get cash out of investment property.
Hi BP,I have a single family home in Albany County, NY. I purchase it in December. The renovation should be complete this month. I paid cash for the property and renovation. I would like to keep it as a rental and pul...
Susan Franke
My Tenants have broken up!
I'm a landlord of a duplex and a couple weeks ago we heard a loud argument (we live on the other side) and then she left with a suitcase and we haven't seen or heard from her. Their rent is not due for a couple weeks....
Jeff Ju
Request for a payoff and reconveyance
Hi all - I did a search here but couldn't find a consistent answer. Hoping for one here. Situation: This is my first time lending money. It is a first position note for 12 months to a borrower who paid 6 months of int...
Justine Scheuher
Funding REI Business account with personal funds
Hey BP Family, I feel like this is a really simple question/solution but I can't wrap my head around it. I started separate business and personal accounts for clean book keeping. I invest in SFH and small MFH. As I ne...
Gita Faust
4 Steps to 1099 - Deadline January 31, 2015
Time to file your 1099 forms but not to everyone you pay. So start cleaning up your books and excel file to identify whom you have to issue the form.First you should have a w-9 form filled out by anyone whom you are g...
Tim Broo
Looking for first out of state investment!
Hello everyone, My name is Tim. My wife and I live in Las Vegas Nevada and have been in real estate investing for about 5 years. We initially got into investing after speaking to a co-worker who was approaching retire...