Steven DeMarco
Help with deal analysis on first house hack
I'm looking at a SFH + ADU in Salt Lake City, UT as a potential house hack. Before I put in an offer, I want to run the numbers by some professionals.The property is 4BD/2BA in total, with 2BD/1BA upstairs and 2BD/1BA...
Tom Mickley
Seeking CPA in the northeast Ohio area
Hello All,First discussion post and new pro member here. Got that out of the way. I am looking for a great accountant near me. One that specializes in real estate (obviously since I'm here). I've reached out to few ...
Brandon McCombs
structuring accounting and tax receipts for single dwelling with multiple addresses
Hello,I'm closing on my 2nd property next week. It happens to be a 9 unit building, 2 units of which are commercial. It is situated at a 4 way intersection. The 2 commercial units have their own addresses (313 and 317...
Chris Battle
Non Resident Tax Returns - Recommendations
Hello allMy wife and I jointly own 2 properties, 1 in Florida and 1 in South Carolina and are looking for a recommendations for an accountant to file federal and state tax returns for each of us. would appreciate any ...
Carter Knapp
Capital gains from dividing vacant land
I purchased 26 acres of vacant hunting/forest land in northern WI 6 months ago. The property is divided into a 6 acre parcel and a 20 acre parcel, and I plan to sell the 6 acre parcel first. Lets say I purchased the e...
Dan Rudolph
How much can I contribute to my solo 401k this year?
My wife and I are the sole proprietors of the business that that sponsors our solo 401k (unincorporated sole proprietorship). That business will probably make a total of $30K in 2018. I understand that this calculat...
Nader Hachem
What is needed on the accounting side before first rental?
I’m finally in the position to actually take action and purchase my first rental property after I close on my primary later this week. I’ve got the process down of running my numbers, finding an agent and finding a de...
Pixel Rogue
eTrade announcement and Super/Mega Roth
Received an email today from eTrade requiring changes to be made to their 401k program.
eTrade is no longer supporting after-tax (nom-deductible) contributions to 401k plans (aka closed the door on roth conversion a...
Christopher Hile
Benefit for paying contractors through an LLC?
Is there a benefit, tax wise or other, for paying all renovation costs to the contractor including materials through an LLC for real estate investing? Or is it more beneficial to pay personally and direct to the contr...
Account Closed
Borrowing from my 401k
I am very new to Real Estate investing and I am looking into borrowing from my 401k to buy my first rental property. Is it a wise idea to borrow from my 401k if I can take a HELOC out from my current home I live in? A...