25 October 2018 | 193 replies
We had 900 point decline in Feb and we are still standing.HOWEVER, clouds are on the horizona) International markets have been routed - from 50% down in Asia and Russia to 15% down in Europeb) Interest rates are climbing, 30 year mortgage hit -- shock, horror -- 5% againc) Real estate markets in some regions are showing seasonal cooling downd) Tariff warse) Oil prices risingf) Employers cannot find employeesThe next 12 months should be interesting ....When the credit markets sneeze, the real estate market will catch a cold ....
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12 October 2018 | 22 replies
@Fred Frontstone He is 58 and he had some really good positions internationally, so he is overqualified for most of the positions and then too old for others.
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11 October 2018 | 13 replies
The real property (structural components) doesn't qualify for bonus depreciation and would still have the 27.5 year for rental and 39 year for commercial property depreciation schedules.
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31 October 2018 | 5 replies
Intern with a wholesaler.
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11 October 2018 | 8 replies
Welcome to BP,My advice would be to intern or shadow someone already doing the work you're mentioning.
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11 October 2018 | 1 reply
@Ronnie GalindoIf you can wait another year, look into Internal Revenue Code Section 121 - exclude the gain from sale of your principal residence under certain circumstances.
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13 October 2018 | 20 replies
If you have steep driveway and little to no backyard then many families will not like that at all.When you bought you might not have done enough analysis on other components of the land.
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20 October 2018 | 5 replies
I highly recommend you consult with a knowledgeable CPA in the area of international/cross-border taxation especially as it pertains to estate taxes.You are correct - a nonresident alien is generally subject to an estate tax on their U.S. situs assets of 40% on the excess of $60,000.
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14 October 2018 | 0 replies
I want things to be transparent and I'm nervous about international rules and regulations etc.
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29 October 2018 | 6 replies
Roth IRAs cannot be transferred to Solo 401k plans.A few other Solo 401k benefits: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.