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7 May 2024 | 5 replies
Hello, I am looking to learn more about the BRRRR method, I am starting my journey through wholesaling and plan to grow as I learn.
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8 May 2024 | 6 replies
The method for a seller to get the highest price for their property is to go on market for all to see.
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8 May 2024 | 6 replies
Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.
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14 May 2024 | 164 replies
While we are using house as the vehicle he is using corporation.In essence, the method is the same.
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8 May 2024 | 9 replies
But I'm always open to using different methods and trying new approaches.
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7 May 2024 | 14 replies
I like the possibilities of creating through real estate through so many methods and allowance for financial freedom.
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8 May 2024 | 9 replies
You can also network at investor groups and pick up business.It's the time-proven method.
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7 May 2024 | 3 replies
I'm Eric and I've dabbled around the real estate investing topic for a while now, especially using the BRRRR method.
7 May 2024 | 4 replies
Moreover, what is your method of financing?
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9 May 2024 | 43 replies
The capital gains you would get from selling the property go back into the IRA tax free or tax deferred, depending on if the account was a Traditional or Roth and the only time you would incur taxes is if you took the money out of the qualified retirement account and took it into your personal name as a distribution.I would never own real estate inside of a retirement account.In your situation of transferring a certain percentage of the property itself instead of cash, you would need to pay a bunch of professionals on an annual basisA) $600+ for an appraiserB) $500+ for the title company to transfer ownershipC) $300+ for your accountant to properly adjust your taxable basis for the rental activity reported on your individual tax return.D) You risk your property taxes being reassessedYou also have to properly split each expense Furthermore, since you are not receiving cash, you would need to potentially find alternative methods to find cash to pay your tax liability.Yes, you are correct, depreciation is not needed/used within an IRA.