Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
I believe interest is tax-deductible if used for property improvements or purchases, and it gives you quick access to funds while keeping your stock portfolio intact.Private Money Loan: If you have a trusted partner and terms that work well for both parties, this could be an efficient solution without tapping into your other assets.
Brandon Morgan
is an LLC necessary?
27 January 2025 | 33 replies
Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.
Bruce Rasquinha
SDIRA's as investing tools
23 January 2025 | 5 replies
It scales up to 37% once you get to around $12k of income but the UBIT is calculated after the first $1000 is deducted along with expenses and depreciation again only on the same % the property is mortgaged.
Todd M.
Inheriting tenants and no move-in inspection
26 January 2025 | 5 replies
They can fix them to get their SD back or you can deduct that without them saying "it was like this before".
Nathan Gesner
Have you ever used your umbrella insurance policy?
15 January 2025 | 11 replies
Deductibles- make sure your deductibles are as high as possible.
Nicholas Woo
what are your thoughts using Anderson advisors?
21 January 2025 | 31 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
Peter Marriott
Problems with our Current Rental and Deciding Whether to Sell or Not
21 January 2025 | 2 replies
That will cost us about $4.8K out of pocket (our insurance deductible under our Rental Dwelling policy).
Luisa Morejon
What to do with the proceeds of the sale of my home?
28 January 2025 | 5 replies
If tenants are already paying the mortgages you may miss out on some deductions by paying off the properties.
Matt McNabb
Building Future Cashflow Portfolio
15 January 2025 | 14 replies
Nobody watches your money like you do, you'll learn how to manage, so you can manage a manager later and you'll save precious early-years cash flow, which allows you to scale faster, especially in the first 5 years.
Alicia Howard
RV Depreciation for 2024 taxes
15 January 2025 | 5 replies
This also makes it eligible for bonus depreciation (60% in 2024) or Section 179 deductions if criteria are met.However, if the RV is permanently affixed to the campground site and functions as part of the real estate, it may fall under residential property classification and depreciate over 27.5 years.