Breaking these rules will threaten the tax-advantaged status of the IRA investments and could cost the investor a lot of money, so the key guidelines should be reviewed.An IRA may not have a “transaction” with or for the benefit of the following “disqualified persons”:The IRA owner.The owner's spouse.The owner's ascendants (parents and grandparents).The owner's direct descendants (children and grandchildren).The owner's direct descendants' spouses.Certain fiduciaries (CPAs, attorneys, financial planners, etc.).Retirement plans held by disqualified persons.Any entity that these persons own or control.

Bought a house that was a two for one deal one house down the studs which I’m planning on doing a addition on, and the other house my wife and I moved into an adu is pretty good size (1100 sq ft ish)Bought the property for 409K(Hard money 3700$ mo)Updating the Adu right now as we live in it(New breaker panel, meter box, future car charger, tile kitchen, refinish flooring, add bath downstairs, update basement as master suite)Bottom line:Self-employed, I have an S Corp. for my construction company, due to me doing a revocation of election through paris weiss associates (law firm), I don’t pay federal income taxes due to my nonresident citizen status (take home 130-150k yearly past 3 ish years).

I am looking for any recommendations on contractors in the area that specialize in working with investor to rehab properties up to rental status.

Good evening I'm getting ready to start the probate process for my father's estate and I spoke with two of his "tenants" who are claiming they had some rent to own or lease purchase agreement with him prior to his pas...

My question is, if I setup the LLC as an out of state investor but use a registered agent, do I need to disclose to the bank my status as an out of state investor/will this make those banks who said they don’t want to work with out of state investors now be ok to work with me since my LLC is set up in WI?

From my experience with a very old property that is fairly high maintenance.customers don't care about excuses of illness, etc....24-48 hours to get bids from as many companies as you can/want and/or personally assess 1-7 days lead/preparation time1-7 days work timeMAX time for just about the most major plumbing problem in an occupied unit(assuming all was working and in order at move in)with maximum excuses is 16 days...IMHOanything longer than 16 days(really should be fixed in 2-10 days), is too long and you should negotiate down the balance they owe you, especially if it was slab leak, or anything major that requires removing the floors and/or creating an uninhabitable environment from lack of water, or open trench/wall, etc in unit for more than the 8 hours during  9-5 M-Fand during that whole time, lots of active communication about the status and progress and tons of apologies along the waysome people will still be angry and some will try to use it to leverage you for other considerations....good luck!

Things you should keep in mind while checking out a condo in case of a private sale is who holds the deposit till you verify the status certificate, is the seller willing to get that vetted before taking any deposits?

I'm wondering if anyone has any info or experience in changing a cabin in the Yucca Valley are to a single family home status?

Hi can someone tell me how long do you stay in approved status before it says paid I have been in approved status for a week now 

I called them to ask how to proceed with a cash offer on a FSBO property and they said I just had to disclose my licensure status, but that it did not have to go through my brokerage.