Can you claim a home office if you have multiple rental properties but you do not qualify for a real estate professional status?My CPA said that the real estate activities for me are an investment and Not a business a...
Does anyone have a Standard Operating Procedure they use when one of your rental units goes vacant? Primarily looking for something that lists the action steps (i.e.-Schedule needed maintenance, take pictures, order l...
I just found out about SDIRA and am hoping I can benefit from this.
I was wondering if anyone has any practical tips around getting started and investing in real estate through the SDIRA.
Most of the cu...
I am looking to get a LOC against my portfolio of 12 rental properties that are owned free and clear. I am struggling to find any lenders that will do a line not a term loan. Anyone out there have any contacts they ...
Happy holidays to all!Quick question. I'm being told that general contractors don't need a license in the State of Ohio ..and a Google search seems to support that.But.. also says some do need licenses? Can anyone cla...
Hey Guys!
This is going to be quick- I promise!
I've been told and read that when forming an s corp owners must be paid a reasonable salary and can't just let all of the money pass through and be paid as a dividend...
Hello All. I am a newbie investor interested in getting into commercial real estate. I recently talked to a local commercial real estate broker. After our conversation, he sent me an agreement to sign which grants him...
Hello-I met with a Financial Advisor from Fidelity to go over my retirement accounts. Currently, I have a Roth IRA (that I contribute monthly) and a 401K with my current employer (company matchs up to 5%). I will be t...
Need advice on this issue. I have a tenant that I use to keep the yard clean and take out the trash. I take some money off the rent. Do you think that this is a good idea. The reason for my concern. This is a 2 family...
My friend and I own a leasing company. He has a 401k that he would like to extract some money from for use in our company. We are new to the legalities of this. Do we need him to roll over into an IRA first? Self dire...