Account Closed
Cares Act withdraw 100K
Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?
Eva Morel
Withdrawal from 401k?
Withdrawal from IRA?Due to COVID I have access to withdrawal from my IRA penalty free. The purpose of the withdrawal would be to put the money directly into a real estate investment. I will still will have some money ...
Brian Plajer
Renting Rooms in single family home
Hello, I've listened to several podcasts about renting individual rooms and the tenants have shared common areas. How do I find out if thats allowed in my area and if you successful with this strategy can you share s...
Mike Smith
Stackable washer/dryer vs side by side for new construction
We are getting closer to finalizing floorplans for new construction multi-family. We will be putting washer/dryers in our two bedroom units. Our current plan is to use standard side by side washer/dryers based on ad...
Jack Lee
Should I set up an LLC now or wait until after refinance?
Hi guys, I have recently closed on my first investment property ever. And just consuming as much information as I can, I initially planned on transferring my asset to an LLC (will reach out to lender before doing so a...
Ashish Acharya
Tax Tip on Student Loan
The SECURE Act now allows for 529 Plan funds to be used to pay up to $10K of student loans.
Open a 529Contribute $10K and take a state tax deduction. Most states. Distribute funds to pay off $10K of student loans. D...
Jamie Bennington
Crowdfunding Buy and Hold Properties for Charity
When I began real estate one of the thoughts I had in mind was to someday use real estate as a vehicle for supporting various "charities". Some possibilities I have in mind are adoption funds for children, micro-loan...
Haickel Padron
Reporting 3 flat in Taxes
Hello everyone,I have a question in relation to reporting a 3 flat or 3 unit that I have in Chicago in the taxes. I still need to create my LLC but as of today the question is the following.How should I report the 3 f...
Gini Dutt-Roye
Material participation and loss limitation
A CPA mentioned that loss limitation allows individuals with income <100,000 can offset 25,000 from their income, but individuals or couples whose income> 100,000 can’t offset their income. I have listened to s...
Lupe Santiago
Table Funding - Brokers using their own name then assigning Note / DoT
Hi,
There is an individual I know that is trying to get me to fund a note that he is brokering. He structures the transaction so that the Borrower executes the Promissory Note and Deed of Trust in favor of the indiv...