Chris Reeves
Any tips on employing your own lead generator / property analyst?
Hey folks,EDIT: Moderator - feel free to delete my post in the PRO forum because it's the same. There's very little traffic over there and I got no responses so I decided to post the request here in multifamily.I'm wo...
Chris Reeves
Any tips on employing your own lead generator / property analyst?
Hey folks,I'm wondering if anyone here has had experience making the transition from mom and pop level investing to a larger scale of operations where you need to employ someone to operate your internal deal flow "fun...
Peter Schuyler
Solo 401K qualification if Im a Property Manager for my rentals
Fellow BP expertsWould my LLC which has buy and hold rental income only at this point, qualify me for a Solo 401K, if I have the LLC pay me as the Property Manager?Would that self employment income be enough to make t...
Shawn Root
Qualifying Self-Employment Income for Solo 401k
So, what income qualifies you to be able to form a solo 401k? They sound so much better than a self directed IRA, that I'd like to go this route if possible. If I had a rental property outside of the retirement acco...
Neil Copeland
Reducing Income Tax Strategies
Need some help from some seasoned professionals. I had a great discussion with my CPA today about a number of things that I needed to know, and she really tuned me up. I will have a solo 401k soon, and I already hav...
Bob Willis
LLC whose only member is my SDIRA buying a property Subject-to - triggering UBIT
Hey All,I have reached to my accountant about this but thought I would ask here to see if anyone has done something similar.An LLC of which I am the manager, and my SDIRA is the only member, is in the process of acqu...
Kristopher Kyzar
Buying Turnkey Rentals with Solo 401 (k)
I'm on the cusp of retiring from military service, and I'm contemplating moving my Thrift Savings Plan (TSP) to a Solo 401 (k) after retirement. The goal will be to use the Solo 401 (k) to buy Turnkey Rental Properti...
Jonathan Newsome
2019-2020 Taxes on Wholesaling
I started wholesaling this year under an LLC. I've been setting aside a percentage of my wholesale checks specifically for tax purposes. I'm also a w-2 earner, being employed by the US Military, which makes me a part-...
Chad Slater
Solo 401k as a Real Estate Professional
Hi, I am a real estate professional. Can I use my rental income to fund a solo 401k since I'm managing all of my properties? My rentals are held under LLCs.Thanks!
Joe Arida
Double close vs assignment taxes?
Hi everyone! I'm wondering what the differences would be between a double close vs contract assignment when tax time comes? As far as I can tell for contract assignment it would be income tax + self employment tax. Fo...