Alec Sithong
401k rollover to c Corp business
as I look into starting my C corp I have some questions. When I roll over my 401 K into C Corp do I have the cash to build my business or does it act as a loan to pay back my retirement fund?
Jaime Borbon
Incorporating? Or something?
Hello! So I'm doing some research on incorporating or maybe doing business as an LLC. As I gather info I thought I'd tap into the wealth of experience here. With that in mind... here's the story...My parents own a 4 s...
Wayne Littrell
Joining an existing S Corp
I plan to complete a cash purchase of a property with personal funds, closing it into an existing S Corp that I would be joining (Illinois), which right now has minimal assets. As I am new to the business of real est...
Arn S.
LLC outside protection
My wife and raise and sell cattle and started an LLC partnership in GA a couple of years ago with Operating agreement and annual meeting minutes, and all that is required. We also had an attorney draw up a Quit Claim ...
Jack Srimani
8825 vs Schedule E
Hi,
I would like to know under what circumstances does one file for 8825 vx. Schedule E.
Also I just got a schedule E from a seller. However in the tax line of the form there is no entry. The profit is being shown w...
Benjamin Zwiebel
Airbnb vacation rental - how do i know if its a good investment?
Hello all, I have been reading the books and listening to the podcast for a few months and they all say that now is the time to get involved in the forums so here I am. Okay, so here is my question. I am looking at do...
Nick M.
How to deduct personal labor as an expense for a rental?
I purchased a rental property in 2009 and had to do major remodeling before it was ready to rent. I do not have an accountatnt yet but planning on looking for one to have my taxes done this year. This is my first ren...
Thomas Strimple
If money is invested in PML co., is ROI taxed as ordinary income or Capital Gains
I have a PML LLC and this year started to invest other people's money in RE besides my own. Is the money they make taxed as ordinary income or as Long or Short Term Capital Gains.EX: John invests $100K in my company...
Panagiotis Karampoulas
Establish a company, or start investing as an individual?
Hello everyone. I am quite new in the area of RE investing, while my area of residence is Greece, Athens. I am working as a financial advisor for a multinational consulting firm the last 6 years, and I have decided to...
Ray Slack
Question about Max employer contribution on solo 401k
3 quick questions. I setup a solo 401k and wanted to confirm something. I am personally listed as the employer and employee. I know I can contribution $18k as the employee and 25% of income as the employer. Ques...