Brad Herb
Syndication using SDIRA $
19 November 2024 | 11 replies
@Brad Herb Investing in a syndication via a Self-Directed IRA (SDIRA) offers tax advantages but comes with fees and limitations:Advantages:Tax Benefits: Gains grow tax-deferred (Traditional SDIRA) or tax-free (Roth SDIRA).Avoid Penalties: Keeps funds in the IRA, avoiding early withdrawal penalties.Diversification: Adds real estate syndications to your retirement portfolio.Disadvantages:Fees: Setup, custodian, and administrative fees can reduce returns.UBIT: If the syndication uses debt, income may be subject to Unrelated Business Income Tax (UBIT).Complexity: Strict rules; all income/expenses must flow through the SDIRA.Illiquidity: Syndications are long-term, locking up funds.Use an SDIRA if the investment is significant and the UBIT impact is minimal, especially with a Roth SDIRA for tax-free growth.Remember that RE, outside of retirement accounts, provides the biggest tax benefits.This post does not create a CPA-Client relationship.
Clarissa Finks
Feedback on Management Platforms (Baselane? Stessa?...)
15 November 2024 | 6 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
Brian Fulmer
Out of state investor interested in Raleigh area
14 November 2024 | 16 replies
Despite living in CA for the last 14 years, we still get back frequently.
Collin Schwartz
Trading W-2 for Self Management- 0-92 Units in 16 months!
1 December 2024 | 377 replies
Currently living in Lincoln but frequently visit Omaha and hear papillon is nice.
Fetch Phoenix
1 Property, 3 doors - should we set up a Real Estate LLC?
19 November 2024 | 9 replies
Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.
Jon Pflueger
Existing Residential Property in Commercial Zoning, can I build addition?
17 November 2024 | 7 replies
It's essential to verify if your property falls within such a mixed-use district.Special Authorizations: In M1-2D districts, residential uses may be permitted by authorization from the City Planning Commission, subject to specific conditions and bulk regulations.
Justin Skelly
Could use some guidance on multi-family lead
15 November 2024 | 1 reply
I am considering seller finance or subject to, because the listing is near expiration.
Amy Pfaffman
Does anyone us virtual mailboxes for LLC mail?
16 November 2024 | 6 replies
I'm sure there are other competitors: https://www.anytimemailbox.com/(Sorry for the subject typo!
Milan Herskovich
New Hud Guidelines, better or worse?
8 November 2024 | 2 replies
Points will be deducted for deficiencies and remove subjectivity in the inspection process.
Jeff Sitti
$100k Inheritance - What would you do?
19 November 2024 | 19 replies
I'm curious what he ended up doing, but I would definitely suggest checking out this episode of BiggerPockets Money that talked about this exact subject!