Bob E.
My Experience with UBIT in my SDIRA
People talk about UBIT like a kid talks about a big scary monster under the bed. Here is my experience as something to reference. Ready..., Fire..., Aim...I keept hearing about UBIT at seminars "Be careful, you co...
Mitchell Kane
Borrowing money means less taxes?
Hi all,First time poster here, I would like to buy my first home soon, so I am trying learn about real estate investing, from Seattle, WA. I am reading one of the Rich Dad, Poor Dad books: Retire Youg Retire Rich, an...
Justin Denham
Income shifting to kids
I asked my CPA about shifting $6,300 to each of my kids on my tax return for the work they did in my business. He told me I would have to 1099 them. Is that correct?
Joe Fermin
s corp vs llc
was wondering if anyone can give some insight as to which entity is best to form to transfer our properties to. is there any advantage of forming an s corp vs llc for this purpose? thank you for any info
Karl Kauper
When Can RE losses not be taken against ordinary W2 income?
My accountant stated, “The losses incurred on the rental properties cannot be taken and will be carried forward as your income exceeds $150k, thus no losses can be taken against your ordinary W2 income.”I was really s...
Peter Bui
Is finder fee or assignment fee would trigger a UBTI tax?
Hello everyone,I am just starting out with the Wholesale Real Estate process and appreciate any advise on this topic so that I have a clear understanding about the DOs and DONt in RE Investing with SDIRA.Is finder fee...
Halley Havlicek
What did you wish you knew before starting your first rental?
Hi! I have been researching & learning about real estate for the past year and am now starting to get serious about purchasing a property to ultimately use as a ST or LT rental. I am only 25 and still have a lot t...
Corey Roark
Private Lending/ Hard Money Lending
Can anyone tell me about Hard Money Loans rules/regs/laws? How to become one? Do you need any license or do you have to register with anything? Would it be easier to just call myself a Private Money Lender?
Mike Morehouse
Tax/Investment CPA recommendations in SW Idaho
I'm looking for any recommendations for a good CPA/tax pro in the Treasure Valley. I need someone who is well versed in business taxes as they pertain to multiple LLCs and real estate, as well as a good working knowle...
Tyler Olson
First Time Flipper - LLC or S-Corp business ?
Just starting to get my feet with in flipping. Prior to getting under contract, is a LLC or S-Corp a better business plan for flipping? Would it be same for rental properties?