Jim Stanley
Worth it to use insurance for a repair.
23 January 2025 | 9 replies
@Jim Stanley Keep in mind any expenses of your SDIRA asset must be paid for by the account that owns that asset.
Keith Groshans
Keep Idle Cash Working in SDIRA
15 January 2025 | 8 replies
My custodian does not have a money market or similar sweep account to keep idle cash earning.
Devin James
New Home Buyers are Strapped for Cash
24 January 2025 | 3 replies
Some costs are eliminated (such as 'soft charges') while others are accounted for in the interest rate.
Brad Kanouse
IRA funds as down payment
22 January 2025 | 21 replies
There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
26 January 2025 | 10 replies
Quote from @Sharon Bancroft: @Cameron MarmonI had this same situation and my tax accountant filed the change for me ( one time filling) and we now file it on our personal as a disregarded entity.
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
I’ve got her dealing with 8 properties which have individual accounts.
Adam M.
Cost for a Tax Specialist
13 January 2025 | 7 replies
However, a good real estate accountant is worth what you pay them because they will save you time and money.
Josh Buchanan
Any reviews of RentRedi?
19 January 2025 | 51 replies
They get an ACH from my tenant in their account same day, but won't do the same into my account.
Carl Rowles
Rehab Financing Strategy Help
19 January 2025 | 10 replies
Make sure that your tax accountant understands this.
Natasha Rooney
Fideicomisos VS. Mexican Corporation for STR in Mexico
16 January 2025 | 2 replies
Hi Natasha,Here are some key points to consider about setting up a Mexican corporation:Setup Costs: $1,500–$3,000 USDOngoing Costs: $1,000–$2,000 USD/year (accounting and tax filings)Benefits: Tax deductions for expenses like maintenance, repairs, and managementBest for: Multiple properties or income-generating investmentsWhile a corporation is ideal for managing multiple properties, it’s NOT required to obtain an RFC.