Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Don Harris

Don Harris has started 21 posts and replied 858 times.

Post: Title Company in Charlotte NC

Don HarrisPosted
  • Realtor
  • Charlotte, NC
  • Posts 935
  • Votes 467

You must close with attorney in NC, a lot of investors use Harry Marsh 

Post: Looking for PM in Charlotte NC with experience renting buy the room

Don HarrisPosted
  • Realtor
  • Charlotte, NC
  • Posts 935
  • Votes 467

Darrin Brockelbank 7 0 four 2 7 0 4 is the guy to talk with 

Post: Using IRA to buy rental property

Don HarrisPosted
  • Realtor
  • Charlotte, NC
  • Posts 935
  • Votes 467
Quote from @David Green:
Quote from @Don Harris:

Consider converting your IRA into aSelf directed IRA" . Have the SDIRA buy the rental. All rents go back into SDIRA , totally non taxable event. (You get the cash flow and appreciation but not the depreciation since the SDIRA owns the rental)


Are you saying that any rent collected goes back into the SDIRA and is not considered taxable income? Even if it's a traditional SDIRA? And I can take monthly distributions tax free?


 Nope. Rent goes back into SDIRA. Non taxable . Distributions are always taxable from a traditional SDIRA but not a Roth 

Post: Using IRA to buy rental property

Don HarrisPosted
  • Realtor
  • Charlotte, NC
  • Posts 935
  • Votes 467

Consider converting your IRA into aSelf directed IRA" . Have the SDIRA buy the rental. All rents go back into SDIRA , totally non taxable event. (You get the cash flow and appreciation but not the depreciation since the SDIRA owns the rental)

Post: New Member Intro - Charlotte NC - Looking for mentorship / RE Investor community

Don HarrisPosted
  • Realtor
  • Charlotte, NC
  • Posts 935
  • Votes 467

Local REIA zoom meetup every Friday morning @7:30 am with 40-50 various investor oriented folks and is called "Sonrisers". It begins with a devotional and is followed by a presentation or discussion about Real estate. You can find on FB "Sonrisers". It Has been meeting for over 16 years. The zoom link is https://zj628.keap-link002.com...

Post: Real Estate Meetups?

Don HarrisPosted
  • Realtor
  • Charlotte, NC
  • Posts 935
  • Votes 467

Local REIA zoom meetup every Friday morning @7:30 am with 40-50 various investor oriented folks and is called "Sonrisers". It begins with a devotional and is followed by a presentation or discussion about Real estate. It Has been meeting for over 16 years. The zoom link is https://zj628.keap-link002.com...

Post: Residential Property Employment Charlotte NC

Don HarrisPosted
  • Realtor
  • Charlotte, NC
  • Posts 935
  • Votes 467

Real estate license 

Post: Residential Property Employment Charlotte NC

Don HarrisPosted
  • Realtor
  • Charlotte, NC
  • Posts 935
  • Votes 467

Paul Jamison Is looking for talent if your are licensed. Jamison PM

704- 819 0010 

Post: Sell or Keep Investment Property before Recession (Belmont NC)

Don HarrisPosted
  • Realtor
  • Charlotte, NC
  • Posts 935
  • Votes 467

There is no sure answer. You can cash the equity and sit on it and potentially redeploy back into other property   Personally, as a Realtor in the Charlotte market, The thought is that price increase may slow down but not go backwards  imho  

If you want me to run comps for you, please reach back

Best, Don 

Post: Space Coast, St Augustine, Anastasia Island

Don HarrisPosted
  • Realtor
  • Charlotte, NC
  • Posts 935
  • Votes 467

This yer, I have purchased 2 and one UC with Andy Harris at Endless Summer Realty 

Nine o four eight o six eigh nine seven o