Self-directed IRA questions.

You can apply for an FHA loan as a first time homebuyer to use your down payment money to get a property in your area and rent out the other half to get your firsthand experience.

Some I go direct to, and some I work through third parties/other wholesalers...that experience hasn't always been the best, but let's talk if you'd like.

If you have your home assessed at 400k and you apply the exemption, you will now reduce the taxable value to 275k.

That really put things into perspective for me and realized it applies to everything we do.

You could however; open a self-directed 401k and invest into a syndication without paying any penalties. 

In many states, the last month's rent is or at least was an addendum to "security deposit" so much so that most renters no matter the state will tend to still ask to apply their remaining amount on deposit (last month deposit, NOT security deposit portion) to their 'last month' - yet CA landlords are now well as of since July 2023 going forward, prohibited from applying ANY deposit to the unpaid last month, thus Newsom is giving all tenants who don't care about their credit a FREE LAST MONTH EVERY TIME THEY MOVE OUT if they make the case that their security deposit cannot lawfully be applied to the last month of rent in arrears?!.

Costs that are chargeable to a capital account,Incurred by the taxpayer,Directly associated with the rehabilitation of the building, andAre related to depreciable propertyWhat are examples of non-qualified rehabilitation expenditures?

Hey Evan, reach out to me, I can point you in the right direction if you like.

Ready to start building long term wealth for my family.New people do best when tehy join up with someone who is experienced for direction and input.