All Forum Posts by: Steve K.

@Michael Borger

mahalo for the welcome

currently reloading rent and contributions into my SDIRA

i have a bunch of leases up at the from sept 2017-jan 2018, so i need to keep my reserves up for move out expenses

have been buying into syndications recently, so i may keep on doing that

aloha

steve

@Ashley Claunch

aloha ashley!

mahalo for the welcome

say hi to ashley 2 and the rest of the rest of the gang for me!

i'll be coming out to memphis in the middle of october, have been in touch with cyndy, so she knows when i am visitng

take care

aloha

steve

@Chris Clothier

didn't do the @ thing correctly the last time

mahalo chris!

i sent you a colleague request

have a great week

mahalo chris!

i sent you a colleague request

have a great week

aloha

steve

live in honolulu, work in kaneohe

have a number of homes in a self-directed IRA (cash) from memphis invest (purchased the summer of 2012)

used the proceeds from rent and my IRA contributions to buy into a couple of syndications and did one loan to a syndicator in the past couple years

looking forward to reading a ton, and posting a little

aloha

steve

aloha all, first post for me here on BP

i have a friend who graduated with a masters in taxation

whenever i came up with one of these "what if" situations, he would always patiently tell me, "steve, there are people smarter than us at the IRS that make the rules. and there are people smarter than them working at the IRS that try and catch people who come up with ways to break those rules. so there's no way that you are going to come up with an idea that you will get away with"

he also told me "the first thing we learned in the master's program was 'cash does not equal income'"

another gem was "everything's a deduction- until you get caught"

have a great day, everyone

aloha

steve