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1 February 2025 | 5 replies
Create an account on furnishedfinder.com, the hosts are on there and they are happy to chat.
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29 January 2025 | 9 replies
Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.
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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.
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7 February 2025 | 7 replies
No good will that the former landlord created will transfer with the property.
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2 February 2025 | 9 replies
Its a bit of a misnomer and misunderstanding of DSCR that its "only" based on the income the property generates and this creates a lot of confusion.
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25 January 2025 | 24 replies
But with the recent change to depreciation rules on overseas properties, perhaps Japan is worth exploring again.Sorry I don't have much to add, but I've been following this conversation for the past couple of days and figured I'd say "Hello!"
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28 January 2025 | 6 replies
Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.
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29 January 2025 | 14 replies
Since I don't have the experience that I aspire to have yet, I'm looking to create a relationship with some guidance without being taken advantage of.
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7 February 2025 | 6 replies
I wouldn't rule out a duplex as we have far more duplex properties than quadplexes.
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17 February 2025 | 13 replies
I'm looking to create my own wealth and build something for my family.