Mike Reynolds
Dispursment from 401k
7 November 2016 | 5 replies
The solo 401k plan participant may withdraw at any time (after completing a distribution form), all or any portion of her account balance attributable to “rollover contributions” and/or “after-tax contributions.”
Ken T.
Depreciation with Turnkey Properties
17 February 2018 | 4 replies
You should not be restricted in your ability to depreciate, but you may be restricted in your ability to ultimately utilize any passive loss attributable to the depreciation unless you have some active participation with respect to the property.
Tyrell Perry
2 Years, 9 Properties, 33 Units…On The Job Training in Cleveland
28 June 2018 | 21 replies
When I evaluate comparable low-end metro markets (Detroit, Kansas City, Milwaukee, Indianapolis, etc), I look to see how their attributes stack up to Cleveland.
Rob Tossberg
If I put 25% down does the bank care about my Income? Advice?
12 May 2017 | 23 replies
I think attributed to low inventory, Las Vegas raiders, and spring selling season.Terry Lao
Brian Wert
Taxes owner occupied duplex
16 January 2018 | 3 replies
@Brian WertI would suggest reporting 2 rental properties on your tax returnDuplex Unit 2 & Duplex Unit 1(1 room)You are entitled to a expense/capitalize all the costs directly attributable to the rental units.Example - You pay to advertise the units. you would be entitled to deduct 100% of this expense.You are entitled to take a pro-rated expense for costs that are indirectly attributable to the rental units.
Samuel Kimani
Great Fannie Mae News!
10 February 2009 | 7 replies
It's actually as follows:Fannie Mae is expanding the definition of reserves to include all components of the monthlyhousing expense (PITIA), including:ï‚· principal and interest,ï‚· hazard, flood, and mortgage insurance premiums (as applicable),ï‚· real estate taxes,ï‚· ground rent,ï‚· special assessments,ï‚· any owners’ association dues (excluding any utility charges that apply to the individualunit),ï‚· any monthly cooperative corporation fee (less the pro rata share of the master utility chargesfor servicing individual units that is attributable to the borrower’s unit), andï‚· any subordinate financing payments on mortgages secured by the subject property.For properties 5-6:ï€ six months of reserves on the subject property if it is an investment property, andï€ six months of reserves on each other financed second home or investment property.For properties 1-4:ï€ six months of reserves on the subject property if it is an investment property, andï€ two months of reserves on each other financed second home or investment property.
Eva Mackowski
moving 401k to sdrira-company recommendations
8 May 2019 | 6 replies
If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.
Andy C.
What's driving growth in Cleveland?
2 December 2017 | 24 replies
In my last visit I honestly saw so many great attributes about it - not surprised by the attention it's getting.
John West
Tax benefits to 50/50 LLC
11 October 2017 | 4 replies
Are you implying that the $5,000 loss is specifically attributable to tax depreciation (i.e., a non cash expense)?
Jonathan Makovsky
First Flip Completed (Video, Numbers, Lessons, & our First Wholesale Deal)
13 December 2014 | 42 replies
Almost all of these successes are attributable and would be unlikely without the help of BiggerPockets!