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2 June 2022 | 6 replies
You’ll pay that, plus whatever was deferred from the 1031, attributable to that property.
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24 May 2022 | 6 replies
@Tanner Connelly - One attribute I see of good lenders that distinguish themselves from not so good lenders is asking for everything up front and understanding what the underwriters truly need.
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26 May 2022 | 14 replies
A Solo 401(k) can accept rollovers from most tax-deferred IRA plans and any tax-deferred or Roth employer plan such as a prior employer 401(k).As an employer sponsored retirement plan, a Solo 401(k) has several advantages over an Individual Retirement Account (IRA), such as higher contribution limits, the ability to house both tax-deferred and Roth funds within the same plan, a participant loan feature, and an exemption from tax on the portion of income attributed to debt-financing in real estate investments (UDFI).
9 July 2022 | 2 replies
That information is that you can include more than just a roof in the financing and that as long as it could be attributed to the solar installation, it would be covered.
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3 June 2022 | 6 replies
@Kelly LaneWhen an IRA (or other tax-exempt entity) uses leverage like a mortgage, it creates taxable Unrelated Debt-Financed Income (UDFI) which is then paid as UBIT (Unrelated Business Income Tax).The percentage of the income directly attributed to the IRA's down payment is not taxed.
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14 June 2022 | 3 replies
I have a harder time in situations where let's say a property A has 4 bathrooms, 4 bedrooms and 1800sf and no garage and 1 story, while renovated on the same street property B has 3 bedrooms, 2 bathrooms but 2200sf, garage and 2 stories.What are the priority metrics in this case when every attribute seem to be different, but it's the only type of comps available in the area to lean on?
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9 February 2022 | 13 replies
@Blake Ramsey evaluating markets is the right approach, but i believe it’s less about the numbers but the attributes.
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11 February 2022 | 8 replies
I attribute a lot of our success to our great working relationship.
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28 February 2022 | 5 replies
My inspector (who was the best I've experienced out of 2 previous inspector companies) didn't have concerns and attributed the lean to house settlement (it is on a hill) and to just keep an eye on down the road.
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15 February 2022 | 5 replies
We file all of our STR income on Sch E along with a portion of the expenses that would be attributed to a particular dwelling.