Justin Trudell
401K Epiphany?
I think I might be blowing my own mind right now..."conventional" wisdom says max out your 401k contribution to lower your tax burden. 2013 was a good year for my 401k balance as the stock market was red hot (i have a...
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 ...
Mark W.
Structuring accounts
At the moment I have separate savings accounts set up with a single bank. Some of the savings accounts are personal, while the others are what I would consider "business" savings accounts: property tax escrows for...
Patrick Howell
Solo 401k book keeping
I've been looking a lot at a self-directed solo 401(k) as a long term tax shelter for investing in RE. My question is this, once I get it set up, where does it "exist?" I have a single member LLC and my understandin...
Chris Sean
Rental Property: What Percentage Of LLC Funds Can I Pay Myself?
I hear alot of people discuss ROI but nobody discusses what percentage of your monthly income you can actually expect to make it to your pocket/pay yourself from your LLC after expenses. If you have any insight thanks...
Camie Jelinek
Debt service report multi family question.....
When putting together a debt service coverage spreadsheet how are you getting the number for your monthly income? 1. The actual CASH collected in a given month let's say from Feb1-28th no matter what it's for (past,pr...
Eli Altman
Questions about factoring real estate holdings into FI planning
Doing FI (financial independence) math is simple when you're only invested in stocks/bonds. Knowing your savings rate, and expenses + using tools like Networthify/FIREcalc get you there pretty quickly. MMM talks about...
Thomas Ingrao
Child support and rental income
Has anyone dealt with child support and rental income? Properties are in LLCs with separate business bank accounts. Just curious if my earned income is the only income considered or if rental income is included even t...
Darryl Good
Tax Question 4 holding property in a corporation Ontario/Canada
Hello All,A question for my fellow canadians. In Ontario income from property that is owned in a corporation is classed as passive income which is taxed at almost 50%!!!!!!!!!!!While small businesses are classed as ac...
Chris Wilkening
Expensive repair bill
Hey all,So I have a plumping bill coming that will be fairly expensive.Currently I have two SFH rentals and a checking account for each property. The property receiving the bill does not have enough to cover the expen...