5 June 2020 | 3 replies
Which is wonderful news, because if it was this easy and automate-able, then wall-street would simply buy the top 10 in every market in America perpetually and you and I would have no opportunity.
6 June 2020 | 5 replies
So if it's a syndication, then it is likely strutured as a Partnership or Corporation that is reported under "PART II" of your "SCHEDULE E" on your personal returns.
11 June 2020 | 28 replies
And if you've set it up as a legal entity, you risk what they call "piercing the corporate veil" which is when a judge rules that your company doesn't really exist because you mixed your funds.If you have just the one property I would suggest learning the ropes of basic bookkeeping for it.
8 June 2020 | 2 replies
Personally, (I admit I'm a little cynical) I'm at a point where I don't trust any big corporation or bank to determine how much I'm worth or really have my best interests at heart.
5 June 2020 | 1 reply
Has anyone had any pass or current experiences with Finance of America for Investment property loans?
9 June 2020 | 2 replies
The economy was growing at a steady but not insane rate, corporate earnings were up, worker incomes were rising, unemployment was the lowest it has been in a long time, and demand for new housing was accelerating.Then the Govt decided in it's wisdom that we all needed to stay home for 2-3 months, and in exchange they dumped a pile of money onto the economy and into private citizen's bank accounts.All this to say, we have no clue what's going to happen with the market.
10 June 2020 | 1 reply
You could follow corporate news and see where big business is putting in their next big location.
13 June 2020 | 7 replies
That being said, the rates you get on rentals in LA are very , very poor compared to most cities in America.
6 August 2020 | 5 replies
@Dustin PetersIf you are self-employed with no full-time employees (even though you have a separate w-2 job), you would be eligible to establish a self-directed Solo 401k.You could then make contributions to the Solo 401k from your self-employment income (i.e. w-2 income when your business is taxed as an S-corporation, 1099-misc income if you are a sole proprietor).If your plan allows for it, you can make pre-tax, Roth (or even additional voluntary after-tax) contributions.Contributions can be made as both employee and employer contributions (since you wear both hats):The employee contribution limit is 100% of your w-2 wages up to $19,500 (or an additional $6,500 if you are 50 or older) provided that you are not making employee contributions to another plan (e.g. if you have a day job with a 401k plan).