Erik Pilon
Negative ROI, is this the reality of non-resident investors?
While I'm waiting for my pre-approval, I'm starting to look up fourplexes and simulating numbers on Excel, seeing which are a good deal and which are not from the MLS.Problem is that as a Canadian citizen but non-resi...
Gerald E.
Bonus Depreciation towards W2 Income
Newbie question: I've read numerous threads on the depreciation benefits of RE investing but need to ask the following for clarity. I earn over $150K in W2 income. My RE business partner and I have an LLC and are c...
Adam L.
LLC taxes on a Limited partner equity investment?
So not sure if this is in the right subforum.So I and 3 friends created an LLC to invest in a larger RE operation. The big company buys 500+unit apartment complexes and BRRR's them, offering 'shares' as Limited Partne...
Mark Ryan Peterson
Please help a Newbie
Hi everyone,
My name is Mark and I am a commercial fisherman who earns 150 to 200k a year.. I am totally fine with this income at the moment. The only problem is when the tax man comes knocking I have to fork over...
Nigel Girard
How should I invest next?
Going to try to keep this quick and concise.I'm self employed now for 2 years. I show a loss on my tax return because I offset my expenses which grants me a few thousand back during tax season. I have one rental produ...
Jim Tiernan
What's the best way to convey "I'm looking for long term seller financing"?
since most mom and pop sellers get confused by "seller financing", how should I phrase it?
"I'm looking for sellers who want to receive their equity in monthly payments"?
"I'm looking for sellers who wa...
Jeff Caravalho
Solo 401k VS SD IRA
I read on another post that IRA custodians don't like solo 401k's because they don't get commission. Can someone explain to me the fees & services for a solo 401k vs a SD IRA. I'm self-employed & had someone...
Tony Hightower
401K Roth conversion .... Solo option
I currently have a 401k with my employer with a mid 100's balance. I also have the ability, self employment, to open a solo401k with the intention of eventually rolling over my employer balance if I retire or forced t...
Ryan Moore
How to use income from current rental for future loan
I've had my first rental for over a year right now. I've been told that lenders will factor in my rental income into my DTI to help secure a loan for another property purchase. A couple questions:1) How long do I ha...
Patrick H.
Commercial property, taxes, and estate planning
Hello,I am looking at acquiring a commercial property (strip mall) from a family friend and trying to come up with some attractive ways to make an offer that. I have had preliminary discussions with the owner (he i...