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1 July 2020 | 5 replies
It seems like the house could be a decent rental, but the property needs rehab and I have no funds in the SDIRA to pay for the rehab to get it rental ready.I do have an outside IRA, but the funds in there might not be enough.I have a 457 plan through my current employer, but that does not allow me to transfer funds to the IRA.My employer also does not allow me to contribute to an outside plan.Do you know of any other options on how I could get funds into my SDIRA to rehab the property?
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2 July 2020 | 4 replies
If I establish a new LLC primarily as a real estate entity (partnership pass through for taxes purposes) can I use LLC contributed capital to buy stocks and offset some of the LLCs real estate tax losses before transferring the LLC net income to our personal tax return?
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23 April 2021 | 28 replies
We make $4000 a month in unemployment which will last until the end or September and have a $30,000 settlement coming on the 28th and yet people like you keep denying us for one reason or another. just pick someone and stop contributing to the already out of control housing crisis do you say the same thing about billionaires who live in 20,000sq ft mansions and all that space is unused?
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9 July 2020 | 4 replies
Anyone cash out and /or stop contributing to a 401k in order to buy more properties?
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16 January 2022 | 7 replies
However, value-add will contribute to most of the appreciation in value.
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4 July 2020 | 3 replies
Material means dollars, quality, meaningfully improved service, etc.
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6 July 2020 | 8 replies
@Jeff Copeland thanks for the post and contribution.
5 July 2020 | 4 replies
If you are all contributing cash to make the purchase all cash, then all you need to do is assign value to the contributions and you deed the interests in the property accordingly.
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10 July 2020 | 2 replies
So I would assign ownership based on (1) money contributed, and (2) role.
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28 July 2020 | 3 replies
Jason, I do not have much to contribute as I am a newb and considering the same area for personal reasons.