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11 October 2018 | 13 replies
In other words, everything is possible without affecting the due on sale clause.Something else to add here, I'm going overboard but since you might be having a lot of looses you want to make your return audit-proof:You must materially participate to deduct any tax losses from your airbnb activity.Use of a management firm makes material participation less likely.Use of a management firm increases the possibility that you will not be involved in day-to-day activities, and that lack of involvement will cost you any claim of investor time for material participation purposes.The IRS questions whether drive time counts for material participation purposes, and the court in Toups denied drive time as material participation time.
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15 October 2018 | 3 replies
We’d love to touch base directly with you about our participation agreement and Terms and Conditions.
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16 October 2018 | 9 replies
Looking forward to learning and participating here.
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13 March 2020 | 7 replies
I had never noticed Trolls here before.Better rethink my participation.
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13 October 2018 | 8 replies
I would trust Zillow and ilk as far as I can throw them.Imho the best source is mls, and verify data with tax assessor data or participants in the sale.
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14 October 2018 | 11 replies
Seems to me in general people are working and have a family, sleeping, eating, cleaning, maintaining a pet and a car is all a major % of their time, they don't or can't or won't spend the time needed to be expert/comfortable enough to participate in and be good at stock investing for example.
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29 October 2018 | 6 replies
Roth IRAs cannot be transferred to Solo 401k plans.A few other Solo 401k benefits: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.
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29 October 2018 | 19 replies
If you're self-employed, the Solo 401k will provide many benefits over a self-directed IRA: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)
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15 October 2018 | 2 replies
Patrick - The Blackstone group is a well oiled machine that participates in many different facits of real estate ranging from apartments to hotels and even mobile home parks.
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1 November 2018 | 13 replies
My profound thanks to everyone that participated in the forum!