All Forum Posts by: Glenn N.

I ran into Toby's YouTube videos and they are great! Seems like there is always something that he can offer and plan a well rounded overall strategies depending on your particular situation. What makes me hesitated is just the same as what @DongHui Patel said, they will pawned you off to some junior staff. Witnessed by Yelp reviews.

I personally went through many CPAs. Some knows more than others, but they all comes down to just do file your tax return at the end. Sure! You will eventually run into someone like @Michael S. talked about. A CPA with more experienced, but that's where it really ends. I think the value from Toby is the combinations of that he and his partners who understands tax, law and actively participate the things that he/they said.

What needs to make sense is if the value they provide offset their cost and if they can really deliver the end result as planned. Services like forming LLC, registered agent, state fillings...etc. doesn't spell value to me. Values to me is when they went through your files, point out mistakes, understand your goal, plan a strategy and follow through. Most importantly, do them within the tax year.

@Justin Strait Did you eventually went with Anderson?

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Im not sure who you went with but Forge Trust in increasing their fees really higher and doubling some .

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I am thinking of doing some hard money lending in Texas are there any restrictions in Texas ,limits , max for usury etc.

thank you

Glenn

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Thank you , Brian and Carl . I was suspect when she told me that since I saw no recommendations for them.

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I have been working on opening a SIDRA. Thinking about doing it with my ROTH. I have been thinking about using the IRA services with an LLC due to the lower cost ,but I just went by CHASE and they told me they do SIDRAS .Is this any different than doing a SIDRA IRA Services with with my roth . I would not have to get a lawyer or a lawyer to set up the LLC fr the SIDRA. The Chase one is self directed with checkbook control . Am i missing something here. I am just doing notes homes ,hard money lending and want to do it out of my ROTH, I know the rules etc. I am in texas but will be doing the lending in Florida to a few business I am familiar with .

thank you in advance for your advice and experience.

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Great info thank you. More involved than I though, devils in the details.

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Thank you all ,yes I suspected that would have to get a real appraisal of some type , I’ll do it . Thank you for the responses.

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yep already have one.

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I inherited a home from my dad in Austin , Tx . And would like to rent it or live in it while i fix it up.I am trying to figure out the best way to go about figuring the cost basis . I would assume that I would want the highest value so when i sell it the gains would be lower on paper. I have the choice of Locking the basis at the time of death or on the date 6 months after(do not know the specifics how you do this). I am not sure how to go about this ,perhaps getting an estimate from equal homes sold during that time period . Any thoughts on this . Thank you in advance.

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I will ,Thank you John.

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All Forum Posts by: Glenn N.

Glenn N. has started 11 posts and replied 45 times.

Post: Anderson Business Advisors

Post: SIDRA Custodian Recomendations

Post: Hard money lending in Texas restrictions.

Post: Sidra with Chase bank

Post: Sidra with Chase bank

Post: Inherited Home determining Basis?

Post: Inherited Home determining Basis?

Post: Inherited Home determining Basis?

Post: Inherited Home determining Basis?

Post: Limits on hard money lending in Florda