Collin Parody
I HouseHacked my 1st Small Multifamily Property
26 April 2022 | 1 reply
This has given me back my most precious resource, "MY TIME", to look at other deals and small business opportunities.
Anthony DiRoma
ALMOST ready to get my feet wet
11 May 2022 | 3 replies
I have re-evaluated my personal finances, made necessary adjustments to my personal life and devoted money and precious time into this.
Jay G.
The FED (FOMC) is about to raise rates... 20 minutes.
5 May 2022 | 26 replies
Precious metals seem manipulated, but I wouldn't count them out long term either.Borrowing is effective during inflation for wealth growth.
Rich Lavery
Need accountant specializing in SD IRA, real estate, and alt. inv
25 December 2021 | 2 replies
It is normally good practice to know about prohibited transactions to keep you having an unintended distribution.Alternative investments - Are we talking about precious metals, Partnership investments, crypto?
Nick Anderson
Is “Rich Dad” wrong?
20 August 2021 | 64 replies
Silver, like any precious metal, has limited supply which drives value up over time.
Jason Malabute
What I learned fro selling a property
18 June 2021 | 0 replies
Time is the most precious thing we have.
Bryan Danger
Exit Strategy/What's your "number"?
16 September 2021 | 108 replies
I prefer to believe that most of us could leave far earlier than we think (meaning we are wasting precious time), allow the money/portfolio to continue growing (without us spending time on it) while we're focused on time and health and still not having to worry about money.
Miho Y.
Tenant wants to operate her business
31 July 2021 | 4 replies
Her nature of business is jewelry making/selling.
Alan Johnson
Peter Thiel May Have Jeopardized Your IRA's Real Estate Holdings
1 August 2021 | 0 replies
This includes direct real estate ownership, tax liens, secured and unsecured notes, syndications, private REITs, private equity funds, and precious metals (to name a few).In my view, therefore, banning self-directed IRAs from all nonpublic investments is both unwarranted and (hopefully) unlikely to succeed.Nonetheless, a prudent investor should monitor the progress of IRA reform in Congress and factor the likelihood of changing regulations into his or her long term investing strategy.Good luck to us all...
Eulogio Villasenor
Partnering on a Flip using SDIRA
3 August 2021 | 9 replies
The bottom line is that disqualified persons are not allowed to derive any immediate benefit from the account, meaning, for example, they cannot live in or use real estate owned by the IRA.Here are a few other IRA facts that frequently come into play and that should be considered when choosing assets while protecting the tax-advantaged status of an SDIRA:Physical precious metals in an IRA may not be held directly by the IRA holder.An IRA can loan money out with or without collateral attached to the note.An IRA can purchase an interest in a private company expressed as shares of stock or equity ownership.An IRA holder may not perform sweat equity on a real estate asset.An IRA holder may not receive compensation from an IRA-owned asset.An IRA can secure a loan to purchase a real estate asset but it must be “non-recourse” to the IRA holder or other disqualified person.Unrelated business income tax (UBIT) may apply to IRAs that own leveraged real estate or an ongoing, revenue-producing business.An IRA can pay vendors (from lawn care to legal work to insurance coverage) to service assets in the account.An IRA can purchase assets with partners (people, even family members; companies; other IRAs; etc.).