Felicia Walker
Private and Hard Money Lender Rehab Draw Requirements.
8 March 2024 | 13 replies
Felicia Hey Felicia,Now is a great time to get back into the game, and you're fortunate there just so happens to be many opportunities in your back yard, more so in the areas surrounding Charlotte as the city has become so competitive...A solid lender will help you take your business further than you ever could by yourself using just your own cash.While you're able to derive tremendous value from the service they can offer your business, there is a cost associated...In our experience, the better the deal, the lower the cost of entry.
Mike Bryant
Multi-Family Investing Returns
7 March 2024 | 1 reply
And right now some deals (less conservatively structured with high debt, floating rate loans, etc) are under distress and had to stop distributions.
Joel Hunt
Hard money tax reporting
6 March 2024 | 6 replies
I'd get the 1099 corrected to show the actual interest that you distributed.
Bruce D. Kowal
Leader of Real Estate Investment Firm Admits Role in $658 Million Ponzi Scheme
7 March 2024 | 8 replies
All that is going to be used against them if things turtle up IE a water landing I think as Chris has stated as some of the high profile syndicators are having some issues but keep posting about their lifestyles I would personally not be doing that It just pisses off investors who are not getting their distributions or there are Cash calls right ??
Dan Fritschen
1031x options for liquidity
6 March 2024 | 8 replies
When she passes the asset that was purchased as part of the 1031 would then be liquidated and distributed to heirs with no taxes The goal is to get her the cash she needs from her asset without paying any/minimal capital gains.
Alison S
Question about capital gains exclusion on primary residence
5 March 2024 | 2 replies
Question for the tax pros out there.If someone inherits a home from a trust after death of the owner, and the home is their primary residence, does the two year period to exclude capital gains on the sale of a primary residence start from the date of death or the date the house was distributed from the trust?
William Kuczmera
Is Cashing out my 401k to buy a duplex a good idea ?
5 March 2024 | 34 replies
@Willam KuczmeraIf you decide to proceed with the distribution, the following IRS web page is a good resource for the rules and tax consequences. https://www.irs.gov/retirement-plans/plan-participant-employee/401k-resource-guide-plan-participants-general-distribution-rules
Gary Fox
Ownership by Contributed Capital vs by Tax Capital Accounts in small syndications
4 March 2024 | 34 replies
The issue is the ownership exhibit for distributions of proceeds for sale.
Oli Cimet
House Hacking in the Bay Area - Advice for a Newbie
6 March 2024 | 16 replies
While I can't provide real-time market updates, I can offer some general advice to help you make an informed decision.Investing Out of State:Investing out of state facilitates diversification by distributing risk among a number of marketplaces.
Justin Goodin
Did you start with single family rentals ?
5 March 2024 | 27 replies
And that's if everything were working correctly, which at this time things very much aren't and the poor investors targeted for these schemes have been stuck with loss of principal or unable to access their money and not receiving any distributions.