Michael Plaks
PPP rules for partnerships reversed on April 14
Today, 4/14/2020, the SBA issued their 3rd "Interim Final Rule" (what a name!) in 2 weeks, reversing the method of applying for PPP loans/grants for partnership.https://home.treasury.gov/system/files/136/Interim-Final...
Joseph Calabrese
Can rental property depreciation offset 401k withdrawal income.
I am 32 and just bought my first rental property with my brother. It’s a duplex he lives on one side we rent out the other. My background is mostly stock investing (professionally and personally) but this first rental...
Toni Dixon
Thinking of using 401k to invest
Hi AllIm thinking of using funds from my 401k plan to launch my investment goals. Ive heard of the Self-Directed IRA and not sure I want to go that route. Has anyone used the SDIRA? If so, what's been your experience...
Leon Chappell
Signed a Contract to sell my duplex off market buyer didn't sign
I signed to sell my duplex to a off market buyer back in January, they didn't sign it. They stopped responding, and the numbers I have for them are never answered. I want to sell it to another buyer now. I have even h...
Obed H. Bey
Is it recommended to move 401k money to an LLC to finance deals?
A friend of mine was advised to move 401k to an LLC to finance his business and there was a way to do it without being heavily penalized. Is anyone familiar with this method?
Nahal Beckam
Tenant has withdrawn money from my account instead of depositing
Hello, I asked my tenant to pay the rent online. Gave him my wells fargo bank account and routing number. then he said his chase bank has sent me two small deposits to verify my account. so I gave him the amounts of t...
Matthew Hite
Withdraw Retirement to Fund Real Estate
Wanted to get people's thoughts on withdrawing from my Roth retirement accounts (and taking the 10% penalty) in order to invest in real estate? I've been using the BRRRR method to purchase properties and know that my...
Joe Xie
Direct deposit rent bank set up questions
One of my tenant inform me that she is switch banking, as a result, she need set up new ACH to pay the rent. The process include she initiated a try deposit into my bank account which it went through. After I told her...
Sheena Lee
Any risk giving bank account number?
In order to make payment easier, I am considering giving the bank account number so that deposits can be made directly. Is there any RISK in giving them the account number? Do you use a separate account just for depos...
John Brice
Lease fee vs security dep
Does anyone here use an application process (with fee) and a lease signing fee as opposed to collecting a security deposit? Just weighing some ideas, not really sure I am a fan of security deposit.