Bradley Miller
Need advice on investing with a self-directed IRA.
Currently I have a traditional IRA in my Fidelity account sitting in cash that I would like to use to invest in a cre syndication or maybe a note or debt fund... but first I would need transfer funds into a self direc...
Danny C.
Adding Spouse to LLC in VA and Solo 401K
Hi,I have a single member (disregarded entity) LLC in Virginia on my name. I have a EIN for that LLC and bank account too. I am full time W2 employee and I haven't done any business (profit or less) in that LLC so far...
Ryan H.
Single Member LLC: Self Charged Interest to Reduce SE Tax?
Questions: (1) May the owner of a single member LLC loan money to the company and charge the company interest for the loan? (2) If so, is the interest paid by the company a deductible expense to the company reporte...
Matthew Pierson
Determining Value of Single Family Home
Hello!So I am new to real estate investing in general, and I am starting to play around with some of these calculator tools. Is it typical that Tax assessment is significantly lower that what the estimate and asking p...
AJ Smith
Solo 401k Eligibility
I have done some searching on solo 401k eligibility, I have a couple main questions. For context, i own several small multifamily units that i self manage without employees and am interested in tapping into the tax in...
Dennis Adler
Need CPA in Augusta GA + Ballpark Cost
I've always done my own taxes until I started receiving 1st rental property income. So I am asking the BP community for recommended CPA in Augusta GA area. Next year my rentals will jump upwards in number, so I want...
Will F.
Setting up Entity for Flipping in California - Writeoffs, expenses, tax, liability.
Hi I'm setting up an entity for flipping in California. I was only planning on maybe 1-2 flips by the end of this year (so far there are 0 and next year may be more)I've seen different ideas as to this as I'm a small...
Edgar Perez
Can I have my own LLC manage property owned in my personal name?
Good day BP,I currently have one 4-unit rental owned in my personal name and I have a duplex (foreclosure) under contract which will also be owned in my name (to fulfill fannie mae owner occupied requirement). My que...
Luis Capriles
FHA + Short Term Rental + LLC possible?
Hi there, I am looking for my first House Hacking investment and planning to use an FHA loan, I am currently located in Chicago, IL.
Question 1: Can I apply for FHA under my name, live in one unit and then, rent th...
Kyle Affronti
IRS 1274 Due Upfront on Hard Money Loan
I have a friend who has been in talks with a hard money lender. On a $400,000 Hard Money Loan.He already received a PPI of $12,000 and now he stated now that my friend needs to pay 6% of the loan which is a 1274 Tax p...