Miles Atkins
Mortgage options for a 18 year old
I am 18 and I have been doing a bit of reading on real estate investing and have came across information on acquiring loans. Most loans to my understanding need 2 years of tax returns. I have a business that is doing ...
Kin Lay
Help with structuring my income with 401K and IRA?
Hi everyone,I graduated from university about 9 months ago and had began working in the corporate world. I earn about $68K per year right now and I am single. My company do 401K with cash balance formula, which it mat...
Denise Evans
Alabama Tax Sale Surplus Funds Strategy Might Return
Several years ago the Alabama legislature and the Alabama Supreme Court, acting separately, eliminated the surplus funds tax sale strategy in Alabama. The strategy related to partnering with former property owners to ...
Ryan Yu
1031 and BRRRR
Hi, here's my question. If I buy a 4 unit multifamily property using a 1031 exchange for $2 mil then use my own cash to remodel it, then have it appraised for $2.5 mil. Can I then refinance the property and take some ...
Kevin Young
What kind of retirement account should I have?
I’m 24 Years Old And I Want To Know Which Type Of IRA I Should Have. Self-Directed IRA Or Roth IRA?
Pierce Lovesee
Equity on the books after the property sale, can I deduct this?
Hello,We sold some properties in Oklahoma in 2019 at a loss. The properties were held under a single member LLC. After the transactions were complete, since the properties were sold at a loss and a positive net oper...
Clayton Hepler
Seller's Assist at 6%, A potential for no money down loan?
If I buy a Duplex property and use an FHA to finance the property, could a 6% seller's assist basically give me a no money down situation?
Example: 350K Duplex and Garage and seller is very motivated.
Down Payment ...
Anurag D.
Selling Investment Rental Property:Tax avoidance options and 1031
Hi,We are contemplating selling one of our investment rental properties in a profitable market, and intend to encash all money.We had below queries:Sell Price = Initial Principal Downpayment + Loan + Closing Cost + Ta...
Sean H.
S-corp - dividend taxes ?
What taxes are dividends subject to (not talking about wages i pay myself)?I believe FICA is exempt? Is it just the dividend tax rate of 0/15/20%, or there any additional taxes this money is taxed? For state, is it ju...
Adam Collopy
Is there any benefits to paying your spouse a salary under your own LLC?
I just created an LLC for my rental property, so this is all new to me. Is there any reason to pay a salary to my spouse? If I pay her, to make this simple let's say $2k a month, she'll pay taxes on that which means...