Anja Brey
Can I use my IRA $$ towards buying a house?
18 July 2014 | 12 replies
Repayment of the loan would be an automatic after-tax payroll deduction.
Shane W.
Which states are landlord friendly?
30 December 2015 | 25 replies
According to Kentucky rental laws, landlords are allowed to withhold security deposits anywhere from 30 to 60 days, depending on tenant disputes regarding deductions.
Lynn Burks
Self-directed IRA strategies
11 July 2014 | 3 replies
@Lynn Burks while rental property may be good investment in general, it is more beneficial to own rental real estate under your name instead of in an IRA for couple reasons:1) There is no tax benefits (depreciation deduction)2) Leveraged real estate in your IRA is subject to UDFI taxIf you do flip homes in your IRA this maybe considered active business activity and will be subject to Unrelated Business Income Tax (I'm not a CPA, consult with the expert please).If you fund flips on the other hand, your IRA acting as a bank, this might be better for you.
Terrance Brown
The Numbers
13 July 2014 | 2 replies
If you live in the area, you should have a good idea of what utilities might run, assessors pages can give you an idea of taxes (be sure to account for any deductions existing you won't receive), and your insurance agent can estimate insurance.Lastly, to get the Assessed Retail Value or After Repair Value, you'll need to check out and see what similar homes in the area are selling for and talk to real estate agents.
Micheal Waldrup
$75,000 for maximum cash flow. How would you do it?
14 July 2014 | 39 replies
Our insurance for a family is like $1400 a month and it's a $3000 deductible per-person, which means for the privilege of paying $16-17k per year of premiums, I get to pay another $12k out of pocket before the insurance picks up anything.
Mike Landry
John DeFoor
Background on Section 8 renters.
17 July 2014 | 20 replies
We all pay for it through our taxes deduction.
Lucas Bonasio
Best use of $3M in starting capital
22 July 2014 | 22 replies
@Jon Holdman Thank you for the info.The rents would be around $1200 and I'm deducting, Property taxes, insurance, property management fee and HOA from that figure to get the $850 NET.I'm also in agreement about using a property management company.
Ronald H.
Doing your own COMPS and procedures to assign and do a double close with your end buyer
19 January 2015 | 7 replies
Steps, I know are: Start at correct ARV with a CMA, then multiply by 0.70% to hedge against the inevitable, then continue to deduct ALL holding expenses for anticipated length of time for rehab.
Nik S.
Insurance...what a game!
7 August 2014 | 14 replies
I am okay with the deductible BUT the current owner is paying $5300 annually.