Lulu Lue
203K Loans Impossible (!) Says the Lender
27 January 2025 | 5 replies
But, the self-sufficiency test for FHA loans can be really difficult in SF, meaning that the market rent from units you will not occupy must be sufficient to pay for the mortgage payment.
Muhammad Kashif
Best way to optimize taxes for new construction of investment property (for flip)
20 January 2025 | 3 replies
A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.
Matt Agnew
Using funds from an SDIRA for real estate purchases
20 January 2025 | 7 replies
If you had $50K in a Self direct IRA how would you leverage that to yield short and long term dividends?
Scott Johnson
Scammed by "Estate Legal"
20 January 2025 | 13 replies
I did confirm that in North Carolina, per the Statute of Frauds, any agreement lasting a year or more must be express, in writing and delivered to both parties, along with consideration (which I remitted via wire).
Bruce Rasquinha
SDIRA's as investing tools
23 January 2025 | 5 replies
Many opt for other investing methods in their SDIRA like private lending, crypto, private equity...anything except collectibles and life insurance.Note that a Solo 401k is exempt from UBIT on leveraged real estate so if you have self employment activity and no full time employees save for you and your spouse you should consider the Solo K as an option.
Zongfu Li
Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
I expressed my objection to the rate.
Dan Audino
Intro Post - Chicago Commercial Property Manager
11 January 2025 | 9 replies
With Chicago's new Express Permit Program, it's a bit easier to get permits for work that would have previously required architectural drawings.
Jonathan Small
DIY or hire help for taxes?
23 January 2025 | 7 replies
Managing self-employment income requires tracking eligible deductions like business expenses, home office use, and retirement contributions.
Jerry Chilimidos
SDIRA lending and borrowing.
24 January 2025 | 16 replies
@Jerry Chilimidos, I see that you are self-employed.