It is my understanding that if I buy a property and rent it out, that I do not owe self employment taxes. Now lets say that in 1 year, I sell the house and buy another one (or two) and rent it out for a year. The inco...
Part One:I'm a 50% owner in a solid design/website/software business. We've been in business for 16 years and are on target to have our best year ever in 2016. I love my job and the people I work with.Since I love wha...
Hi All,I am a newbie still trying to figure out how to get financially ready for my future first deal. I want to get everything prepared so can present a valid Proof of Funding once I start making offers.My dilemm...
Hello everyone. Recently joined BP and have learned much from the forums, articles and blogs.I am retired, have an IRA with a brokerage, and would like to set-up a self-directed IRA/LLC or Solo 401K and rollover a ...
I am 22, recently out of college and have been at my job for about a month. I am interested in purchasing an apartment I would rent out or a duplex which I would live in/rent the other. Within the next month or two ...
Hello Colorado BP Members,I'm nearing the end of the my studies for a Colorado Broker license, and I'm looking for a low cost brokerage to hang my license at to meet the 2 year requirement. I have no interest at this ...
I'd like to apply for a home loan so I can purchase a property in Dallas TX that I'll rent out. I own a small IT Consultancy business in MD and have a good credit score. However, I've been self-employed since 2010. Fr...
I made a good amount of money last year, but I took 3 months off in the summer, so my self-employed income declined from the year before. I am trying to buy a house in NC and I was just refused a loan by 2 mortgage co...
I saw something recently where the CARES act added in last year that an employer can contribute up to 5,250 each year until 2025 towards student loans, and the money becomes a full write off. My company is just me an...
Hey everyone I'm looking for a bank that will lend to somebody that has self-employed income and is playing the deduction games on there taxes. I can prove that I worked in the industry for the past 2 yearsI make arou...