Carlos Ptriawan
Biggerpockets and AI
10 May 2024 | 7 replies
Actually you may not even to create one, this is the output of summary using NLP based AI:Question: according to biggerpockets forum, shall LP investors participate into multifamily capital call ?
Shawn C.
Self Directed 401k for Apartment Complex
10 May 2024 | 6 replies
See the source here:https://www.irs.gov/retirement-plans/plan-participant-employ...Therefore, if your property management company manages 401k-owned property, it would be breaking two IRS rules: - Furnishing services to the plan- Receiving personal benefit (compensation)
Sophia Oberlander
Real estate professional status qualification
10 May 2024 | 7 replies
It is when the property is available to rent.You do not necessarily need earnings from the property to have deductible expenses (again, available for rent is not always the same date as the lease start).REP status is 750 hours in real estate activities PLUS material participation in the activity(ies).Talk to a CPA or tax pro who knows this stuff.
Shawn C.
Solo 401k
10 May 2024 | 22 replies
The participant loan feature of the Solo 401k could be a possible solution for you, however.
Stuart Udis
14,000 SF Mix Use Value Add Acquisition - Mount Airy Neighborhood of Philadelphia
9 May 2024 | 2 replies
The building represented good value and is consistent with my focus on $2M-$5M total cost projects where there is a lack of natural market participants in the Philadelphia market.
Vince Craig
The Power Of Seller Financing
11 May 2024 | 53 replies
I am interested to participate too, please send invite
Kenneth Germann
Protecting Your Buyers in a JV partnership
10 May 2024 | 3 replies
They willingly participated in cutting you out.
Scott J.
When should I get an attorney for a tax sale(Maryland)?
9 May 2024 | 5 replies
Hello all,I want to participate in a tax sale in Maryland.
Kevin Beverly
Is PiN local Pre-MLS software worth the investment
10 May 2024 | 12 replies
Be a DON'T WANT-ER - always be willing and ready to walk if you can't get a good deal - And understand that you can always come back to that seller later and begin Second Stage NegotiationsAsk the 7 wordsAlways consider a subject to offerAlways ask for seller financingUse the Study Period Clause with right of possession to control properties without cashOffer seller participation - this is a great way to close dealsOffer something other cash - a note secured by your other equities, an unsecured note, a Principal only mortgage (using this technique you can offer more for the building since you are not paying interest - and as you know a direct reduction mortgage will pay off much faster.
John Doyle
Can I use rental income to fund solo 401k? SEP-IRA?
10 May 2024 | 15 replies
I see the IRS regs about rental activities being defined as passive, but I don't see anything about a lower rate.I just see that this "passive activity" distinction subjects us to "passive activity loss rules", which limit our ability to offset other types of income with net passive losses.But even that limitation is negated for us because we fall into the "active participation" exception, so we can offset our regular earned taxable income dollar-for-dollar with losses from our rental (if I understand the regs correctly).