Trenton Petersen
CARES ACT retirement fund for real estate investing
What would be the downside of taking out $100k from my 401k to invest in rentals using the BRRR method? Many of the books I’ve read discuss how a 401k is a risky investment because you don’t have control of your own m...
Grace Porritt
Should I Pay Myself as a Manager?
I am trying to figure out the best way to take money out of my rental properties with the least amount of tax impact. I was thinking about paying myself 10% manager fee for each of my STR rentals and 5%/month on my l...
Aaron Natalie
Cost Segragation Study
Looking to get a Cost Segregation Study done on our property we bought this year. Looking to get it done this year for tax purposes. Any recommendations for the KC area? It is in Bonner Springs, KS.
Aries Li
How to Pull fund out from LLC after Refinance
Hi,I have accumulated several single family houses in Indianapolis and was thinking about refinance and move them from my name to LLC. Assuming I was about the do a cash-out refinance using a portfolio loan, the fund ...
Marie Holmes
1031 exchange yay or nay
Hello fellow flippers. I'm doing my research and I'm wondering what's the best way to see more of your profit, the right way of course. I hear 1031 exchanges are the way to go but it doesn't eliminate capital gain tax...
Chris Heeren
Owner Deposits & Withdrawals from Single Member LLC
I currently have a Single Member LLC's in Wisconsin that holds rental property. In 2016 I started depositing funds into the LLC from my personal account to help buy properties all cash, after I refinance them I would ...
Brad Warshaw
Two Flips Do I File Cap Gains Or Sch C?
If I did two flips last year can I file both as capital gains or would I be considered a dealer and have to do a sch C? Both were held less than a year. Thanks
Leland S.
Solo 401k funding, payroll tax tradeoff of single member LLC
Looking for some second opinions on anyone who is "self employed" and has a Solo 401k. Probably folks here know about check book 401k's and such to invest in real estate. I am now in a contract position as 1099 and ha...
Joseph Pumilia
Louisiana Tax Lien Sale Auction question
Hi, I am trying to learn about tax lien sales in Louisiana. As I understand, the bidder with the lowest % of willing to own wins the auction. As I understand it, if you win, you pay the price, say $500. Then, they wou...
Daniel Warren
tax implications from small apartments
a local deal popped up in my hometown for an 8 unit apartment. works out to a 15.6% cap rate. has 4 2br/1 and 41br/1 and rents are 400/300. 3 empty atm but he says he has calls all the time and stays full most of t...