Christopher Reynolds
Colorado based rookie
28 January 2025 | 7 replies
While some strategies may work here, those strategies might not suit you.I don't personally do MTR, STR, co-living, or other nuanced strategies.
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
The key is to identify personal property from real property.
Jadan Williams
Need advice on what to do with Up to 200K
30 January 2025 | 19 replies
Another benefit is it is much easier to diversify into multiple markets, asset classes and operators.Just wanted to share an alternative - often active investing is the way to go, but it really depends on the person and it is important to know that there are passive ways to accomplish your financial goals.Good luck!
Mindy Perry
property management software and 1099 K
31 January 2025 | 7 replies
I spent many years managing myself and personally collecting rent checks.
Mark Beekman
Where can my LLC get a HELOC?
9 January 2025 | 15 replies
You might be able to get around the fact your entity owns the property by either transferring the property back into your personal name or by some personal guarantee or cross-collaterization agreement.
Ryan Daulton
Benefits of self-directed IRAs
14 January 2025 | 18 replies
Quote from @Basit Siddiqi: I personally would not buy real estate with a retirement account.There are just too many headaches that are not worth the potential increased return.Some headaches when it comes to investing in real estate with a retirement account1) LTV values are less and harder to find lenders.2) Potential to sell or partially distibute the property if you have to do a RMD(Required Minimum Distribution)3) If you run out of cash and have to make a major repair, you may be out of luck and have to sell.4) Having to potentially worry about UBTI(Unrelated Business Taxable Income)I would personally invest in stocks/bonds/notes with a retirement account.I buy deals with cash and use a ROTH SDIRA so there are no RMD's.I buy at huge discounts to retail.
Meghan Foster
Personal RV Used for Business: Tax Implications
16 December 2024 | 0 replies
We purchased an RV last year under our personal names that is primarily used for business travel.
Ryan Daniel
When to transfer title to LLC
7 January 2025 | 3 replies
If one is transferring property title from personal name, a Grant/Warranty Deed would be drafted/recorded to transfer title.
Duke Butterfield
Sell or Rent? (Self-Manage or PM?), 4 year-old Primary Residence to Rental Property
27 January 2025 | 14 replies
So PLEASE don’t make another huge financial decision and then tell that same person after you do it.
Henry Clark
Self Storage- Just Built, To Sell or Not
16 January 2025 | 6 replies
You will have to pay higher personal income tax rate, versus waitingtill after one year for lower Capital gain tax rates.