BJ Butler
Loan repayment going towards mortgage
In the last 3yrs, I have loaned a couple some money that has totaled approx $15,000. This includes cash and items charges to my credit card on their behalf. Yes, we have a contract and I keep the receipts. As we appro...
Terry Portier
No LLC Corporate and Franchise TAX States
Check out these states competing for corporate business and registration:
https://www.myusacorporation.com/articles/delaware-vs-nevada-vs-wyoming.html
My state did away with franchise tax a while...
Luka Milicevic
401k, IRA, Roth IRA and other retirement stuffs
Was hoping someone familiar with the matter could shed some light on the matter.I'm 30 years old now. I will have the option of retiring in 5-7 years. I probably wont, but I will have the option. I've invested all my ...
Alex Silang
Best tax advantaged acccount for my situation?
I make about 50k a year, and I have some savings that I want to put a tax advantaged account. It might be used for real estate, it might not. It's not an emergency fund (I already have one). It's likely going to be pu...
Ray Whaling
Interest Free Mortgages
Have bought and sold 2 properties, Took back 0% interest mortgages for 2 year term on each.Both bought at $150,000 each and sold privately for $177,900 each Payments $1,000 per month with an option to buy them back ...
Devante S.
How do I file personal and LLC taxes as a first-timer?
Hi everyone, maybe a rookie question here, but I had a W2 for a good portion of 2023 and also had a self-employed business for the other half. How exactly do you file taxes when you have a 9-5 but also generate income...
Mark L.
When to sell a rental?
I have a few cash flowing rentals in different markets that have performed well in the past few years. As I've moved into private lending (and earning better returns), I'm looking at decision points to consider if I ...
Eric Jan
Student Loans messing with our DTI
Could I get some advice on priority when it comes to student loan debt vs saving for a cash-flowing property?Our combined student loan debt is hovering around 250k with avg interest of 6%Avg household income is around...
Joel Bowen
Understanding how depreciation counts as negative income?
Hi guys, the following quote is from this BP article: https://www.biggerpockets.com/renewsblog/2014/10/2...Could somebody please help me understand this concept by giving a real life/hypothetical situation that makes ...
Jim Ballatin
How do I use my Roth account to invest in real estate?
Do I need an attorney to make the withdrawal from a Roth account through Fidelity?