David Dachtera
Employer data for cities
Does anyone have any sources of employer data for any community in Illinois or any other state?City-data has info on businesses it knows about, but doesn't seem to indicate their status as being major employers in an ...
Dan Fisher
Self Directed IRA Lesson Learned
Hello BP community. Recently I purchased properties through my SDIRA account. I was shocked to find out that I was charged a $35 wire transfer fee for the rents received. That means that every year that I collect rent...
James Chai
Question of MAX payroll tax as S-corp LLC
i have single-member LLC rental generating income on the side operating as STR. From the single-member LLC, i pay myself 100k last year to max out on the solo 401k contribution, while still having a W-2 as an enginee...
Frank Barletta
Reviewing the Rental Market Opportunity in Parma, OH
I started spending a lot of time researching new rental markets for myself and recently came across Parma, OH. In this post I'll share some insights based on my findings and some data to showcase why this market is a ...
Okey Anebere
Tax advantage of my own property management company
I am researching the tax advantages of started my own property management company to manage my rentals. My current plan is to create it as a LLC taxed as a S-corp and pay the company a management fee to manage my long...
Collin Lee Johnson
Allocating additional funds so as to appear below income limits
Alright guys so here's a hypothetical (and it is an actual hypothetical right now as I haven't gotten a raise yet); let's say that someone is currently making below the income limits for a housing program and will be ...
Brad Crosby
How do I verify a tenant that is Self-Employed?
I am looking to fill my first rental! I have a potential tenant that has been self-employed for the past few years. She claims $4,000 monthly income. How would I verify that? Am I allowed to ask for tax returns, bank ...
Rachel Wynog
Getting a mortgage with seasonal work - Help!
Hi,I'm in the process of buying a house and have passed most necessary hurdles with the closing date set for Jan 8. I'm doing conventional and my employer has already completed the written verification of my employmen...
Tony Lin
Leverage existing 401k/IRA. Utilize SD IRA or SD 401k?
I've read a lot of material on self directed (including checkbook) options but still not sure the best approach. Would appreciate any advice. My situation: Currently employed. Have a large 401k from 7yrs at current co...
Rachan M.
Solo 401k distribution question
Good Morning all,
I am not close to retirement age, and have a question about my Solo-401k account. It was opened in 2005 when I was self-employed, but have not really contributed to it since 2006 when I took up regu...