Cash out up to 70% of market value immediately up to the total cost you paid on the final HUD settlement statement whichever is less in under 6 months.Option number two you can wait 12 months and you can cash out up to 80% using market value which means you'll be able to take out all of your money in the property and the some with out tax as long as you have not sold the property.

If you qualify as a "trader/dealer," status you may be subject to self employment tax as well so I would consult with your tax advisor regarding the day trading activities.However on the lending end we generally can only use income for qualification purposes if its considered consistent and likely to reoccur.Message me if you had additional questions or specifics.

If your area is too expensive for you to move up comfortably, Oregon and Washington are great places to live, and WA even has no state income tax, a nice bonus.

This land has some cost basis, and the portion of your purchase price that represents a capital gain on the sale of the land itself will be subject to long term capital gains tax as the installments are received.

Our local REI group agrees re the 'political' aspect.Its a contrived punitive form of tax as are inflatedReassessments & code violations out of thin airr.

In a state where there is a 2% transfer tax a round trip from you to the LLC and back to you will cost you 4%In one location I know of the county waives the transfer tax when going between an individual and a trust as they do not want to tax someone organizing their estate (estate planning many times involves transfers into or out of a trust).Pull out an old closing statement or contact a closing attorney if you use them in MD.

That's one clue there is a serious buble under way.Rents are NOT subject to any crazy tax. As

UBTI is Unrelated Business Taxable IncomeUBIT is Unrelated Business Income Taxa related one is UDFI or Unrelated Debt Financed Income.All these stem from the treatment of an IRA like a trust.

Now the issue is about the self employment tax, as I’m manager(active partner) for the LLC, so looks like all of 28k +30k+ 130k are subject to self employment tax.

Does a deed of trust carry the same fees or tax as mortgage recording.Thanks for your help.