Lloyd Hudson
W2 employee...filing real estate professional
I just had the privilege of going through my first tax audit and fortunately came out with a no change. However, I wanted to take a second to remind any investors who are still gainfully employed, and self manage thei...
Brian Plajer
Tax/financial planning services
Hello, I'm an investor, less than five properties and growing. I have heard several podcasts about the importance of a solid tax strategy. My current tax preparer does not seem to offer much of a strategy with regard...
Andrey Y.
Would you contribute to a 401k or TSP without employer matching?
This question is for military and non-military. I have recently started a traditional 401k with a small chunk of my W-2 income contributing. I am active duty military, so there won't be an employer match. I (most like...
Nick Scalero
Self-Directed IRA questions
I'm considering a self-directed IRA but have a few questions.
First, If I purchase a house outright how do I calculate ROI? Is it simply (Monthly Income - Expenses) * 12 / Purchase Price?
Second, since I pay Taxes,...
Keegan Mulholland
Retirement Investing Decisions
Hello, My name is Keegan and I'm a newbie investor from the Syracuse, NY area. I currently do not own any properties, although I plan to purchase a duplex and house-hack for my first investment by this time next year....
Cody Smith
How do you grow capital while saving to invest?
Hey BP! I have spent a lot of time studying the real estate world, but I am still lacking in the rest of personal finance knowledge. I have decided to only focus on the BRRRR strategy moving forward, so I am saving up...
Amanda Lindsay
Is Rent Redi too good to be true?
I'm currently managing our properties (about 50 doors) through my own created system between Google and Quickbooks. But as we are looking to add more employees to our team and expand our doors I'm looking into the bes...
Alfred Bell
Does anyone use a Checkbook IRA LLC?
I currently utilize a self-directed IRA. My IRA monies have been invested in a real estate project. I'm coming out of that investment soon and I now want to use those IRA monies for buying at trustee sales. This "Chec...
Samantha Kuhl
Best Practices for STR/LLC Money Management
Good morning everyone!First time poster and newbie real estate investor here. We currently have two single family STR in Michigan- we own one with my brother-in-law and his wife, and the other is owned by an LLC that...
Cody Wageman
Looking to start investing in STRs
My wife and I are looking to capitalize on the equity on our home and start getting into the STR world. We have recently gotten a HELOC and are looking to start making the steps to buy a rental property. Being complet...