Derek C. Thompson
ATM Investments fund
28 December 2024 | 13 replies
Looks like Paramount is under Federal investigation for having failed to make agreed payments.
Namal Burman
when does 1031 exchange make sense?
27 December 2024 | 4 replies
Role-playing. . you paid $300k 10 years ago, it’s worth $660k, (so when you sell you net $600k to make math easy.)and your cpa determined that you owned zero land, so it’s all depreciatable. you owe 15% on the $300k gain plus 25% tax on $109k depreciation recapture, so you owe $70k in federal taxes, then California reaches out for another $30k?
Dmitriy Fomichenko
How to supercharge your Roth IRA or Roth 401k
27 December 2024 | 18 replies
If you have a taxable income of $50K and convert $60K to Roth, which adds to your taxable income, making your total taxable income $110K, how do you pay zero in federal taxes?
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
Matt Weddon
Legally Rejecting Applications
2 January 2025 | 18 replies
@Matt Weddon - make sure all reasoning & communication around the rejection stays clear of all federal AND state protected classes under Fair Housing.
Nathan Frost
Vacation Home Loan 5% down
20 December 2024 | 9 replies
Quote from @Zach Engen: The federal savings bank does 5% down on vacation homes, talk to Jason Wray over there.Email?
Fareen E.
Corporate Transparency Act -- FOR NOW: Voluntary Submission Only
21 December 2024 | 0 replies
Very brief summary of article: CTA has a issued a nationwide Stay on the January 1, 2025 deadline for beneficial ownership reporting to the (Federal) Financial Crimes Enforcement Network (FinCEN).
Ryan Sajdera
Is leasehold property a good idea?
20 December 2024 | 3 replies
They are very win win oriented and they say each lease is unique and creative it different ways because each of the 130 businesses there are in buildings, factories, hangars, and shops all located on federal ground.
Chris Seveney
Home Payments as % of Median Income
2 January 2025 | 12 replies
Interest rates are going to have to come down because there's no way the federal government can afford long-term interest payments at these higher levels, and other countries are going to buy our debt even if their return sucks because there's no realistic viable alternative.
Eric Fernwood
December Las Vegas Rental Market Update
23 December 2024 | 0 replies
SupplyLas Vegas is unique because it is a tiny island of privately owned land in an ocean of federal land.