Kirby Baxter
Portfolio Loans for low cost rentals
Hey All,
I am seeking advice on Private Lenders that fund portfolio loans. I have spoken to my broker and the loan amount for several of the houses is lower than they fund. I am looking in an area that has started to...
Justin Pineiro
1099 worker- tax question. LLC EIN vs Personal SSN.
I was recently hired as 1099 independent contractor in Florida. I have been curious, what are the benefits on registering an EIN for LLC vs a personal SSN? I believe that by transferring over everything from my name...
Cory Adams
60 Day Rule for SD 401k
I am familiar with the 60 day rule as it applies to borrowing and paying back an IRA within 60 days without penalty, but wanted to know if the same applies to a SD 401k?You might suggest a loan from the 401k but I alr...
Andrew Wong
Operating a rental geared towards the elderly?
Real estate guys recently had a podcast that was pretty interesting about targeting the retiring baby boomer demographics: http://www.podtrac.com/pts/redirect.mp3?http://tra...The long story short, they have homes, an...
John Cook
CPA and Legal
Hi EveryoneI own a 4 unit in Columbus, Ohio and I am a W-2 school psychologist, however, I am expanding my private practice so I am looking for a CPA with experience working with and advising small businesses as well ...
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 ...
Steven Libman
Pursuing Financial Independence through Real Estate
In today’s episode, we’ll tackle the intrinsic link between the pursuit of financial independence and the founding principles of the United States.
The link between the pursuit of happiness, financial freedom, and re...
Account Closed
Filing an extension DOES NOT mean you dont owe money until then!
Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022. However, life can get complicated, and if you find yourself needing more time to g...
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...