Mary Jay
Please help with Funds co-mingling
Hi guys,I have a question for all of you... I am trying to avoid funds co-mingling. So what is the best way to do it?I have a house in an LLC, also I have a property management company.Ideally would be great not to op...
Scott Balliet
Sell, hold or vendor finance my property ...or other?
I am a US citizen who lives in Australia. I've owned a 3 bed 2 bath house on an acre in Clayton, NC since 1997. I left the country for a job opportunity 14 years ago and have rented it - this year I finally I got sic...
Shannon Moyer
Private money for flip
Hi all, I just upgraded to PRO today! Taking my first step towards REI and flipping. After researching, I cannot find the exact answers I need to for my questions, hoping you all can help! I think I found my first hou...
Denis Churchill
Hiring Day Labor Without Soc Sec Number
I was wanting to know, if we hire day labor on a daily basis that they don't have a social security number, how should we be doing this as far as the taxes go ? If they are paid with cash out of an ATM at the end of t...
Alejandro Aguilar
Investors joint bank account question and plan review
Hi all,I am getting organized to do flips. I was wondering if I could get some feedback on my plan. 1.I would get the private lender/hard money lender for funding.2. I can calculate project cost as I am a GC. 3. I hav...
HJ Wang
S corp payroll tax: How to pay IRS
Hello, I am using a payroll software to calculate my salary and tax withholding, fica etc. But I wonder how do I pay IRS for those taxes? Is there a portal from IRS that can take money directly from my company bank or...
Alan Lafontaine
What to do with 401k
Hi BP Universe! I'm in my mid-50's and just starting out. I have a small 401k of around $20k. At this point in my life, I see little opportunity for big growth in that plan. My question is, would it be wise to close...
Jennifer Taylor
What strategy for 300K?
Would love to get seasoned investors' advice on how they would solve this investment/tax challenge: I am about to transfer 300k from a retirement vehicle so that I can use the money to retire early. It is money I can ...
Ryan Montes
Fundrise- Has anyone used it?
Hi All, I recently heard about a site called Fundrise. It looks to be a site where you give them money and they create a share in a real estate portfolio for you. Has anyone used anything like this before? Can this be...
Ernie Sturzinger
Is it common practice to require escrow money for a LOI?
Hey team! I am doing LOI for 12-unit commercial property. They want escrow money at 2% of asking to submit a LOI. Is this normal? FYI. This is my first commercial property I am pursuing. We didn't do a LOI with my oth...