Jim Williams
LLC owned by IRA
i am looking to set up an LLC owned by my Roth IRA. i would like to find someone who can give me a legal opinion on having debt within the LLC, without having to pay taxes on profit, and compensation within the LLC.
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Tom Camarda
Having fast cash avail for purchasing out of state
Hello All,I am based in Los Angeles and working with a wholesaler in TX. We missed out on a deal yesterday because of a group showing of a home and the other party in attendance wrote a check on the spot. I am wonderi...
Sunny Sopapunta
Building reserves question
If you're able to save up one year of reserves for your property, do you take anything you make after that and put it in savings (for other new property opportunities) or just keep building up that property's reserve?...
Warren Marshall
Should we invest Cashflows/ Future tax payments
Hey Guys, Cash flow question: Does anyone invest their cash flow into a liquid tax sheltered investment account? (Canadian investor so I'm thinking TFSA) The intention would be to invest the bulk of it, and at the ...
Shawn Hissong
Lexus Nexus capabilities!?
Hello! I have been doing wholesaling and flipping for a few years and loving it! Just made an amazing contact to pull any list I want or skip trace who I want using Lexus nexis. I know a decent amount of the capabilit...
Jeff Hull
Looking for CPA in SC that specializes in RE
Hi all, new to BiggerPockets, but enjoying all the great wisdom. I am just starting out in my REI journey and am looking for a qualified CPA that specializes in real estate. I live in SC (close to the NC border) and w...
Joel A.
How to use hsa funds for purchasing real estate?
Does anyone know how you go about using funds from an hsa account for purchasing real estate? Are there any specific rules or forms for it or is just a matter of using the money then indicating on your taxes that the ...
Anthony L
Everything Reverse Mortgage
Hey Guys,
Its been sometime since I was on BP. I forgot my username and my business focus has changed so I created a new account. Seniors 62 and older can now use a reverse mortgage to purchase a ...
Konrad Lightner
First Property - What do I do Now!
Hi Everyone,Just closed on our first property this morning and am wondering what the next steps are.SD IRA won't work because we want this to turn into a full time job where I can live off the properties, and SD IRA's...
Ivan Reyes
Two partners want to invest. Structure ideas.
Here's my situation.
I have an new LLC (no history, just a bank account)
I have two people who want to invest 50/50. They will front their credit on a hard-money loan. One partner per deal. I find the deals, negotiat...