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7 September 2024 | 9 replies
Many 401ks will allow you to borrow up to 50% of the value of your 401k or $50k, which ever is less.
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3 September 2024 | 0 replies
There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
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7 September 2024 | 85 replies
As long as your IRA is not a Roth IRA and your 401k is not with a current employer, you should be able to transfer all assets to whichever structure works best for you.
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29 August 2024 | 19 replies
Whichever is the lowest.
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1 September 2024 | 79 replies
I hope whichever route you take works out well for you.
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26 August 2024 | 8 replies
If it is for asset protection.....doesn't matter do which ever, and have a GREAT insurance policy with an umbrella.
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25 August 2024 | 10 replies
It is usually stated as “75% (or whatever LTV they lend to) of appraised value or purchase price, whichever is less”In your case with the POHs, the appraisal will be separated into land value and POH value.
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22 August 2024 | 6 replies
I would start with whichever bank you bank with.
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21 August 2024 | 5 replies
If you're looking to build up capital more quickly, flipping could be a viable option.Best of luck with your decision—whichever path you choose, you’re on the right track!
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21 August 2024 | 7 replies
These areas tend to offer slightly more flexibility, and depending on the size of the property you’re looking for, you might find larger units than in Portland.Also, as Scott mentioned, increasing rents in Portland can be a slow process, especially with the 10% cap or 7% + CPI limits, whichever is lower.