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25 March 2024 | 0 replies
An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
24 March 2024 | 2 replies
My father wants to use his SDIRA to provide a loan to the LLC him and I are equal partners in.The loan would provide the additional funds we require to purchase an investment property.The LLC would pay principle and interest at market rate to the SDIRA.Would this be considered a disqualified transaction?
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25 March 2024 | 6 replies
Secondly, transparency is key—ensure the lender provides clear information about all fees and costs involved line by line.
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24 March 2024 | 19 replies
You said you bought from the turnkey provider.
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25 March 2024 | 11 replies
Whatever has been provide to any w2 employee you will provide.
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26 March 2024 | 23 replies
For distressed properties I intend to keep as rentals, the buyer pool is greatly reduced and being able to close cash and waive inspections provides a lot of negotiating power.
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25 March 2024 | 5 replies
You did a good job of explaining your situation, but I would think I would have more questions before providing any firm advice.
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25 March 2024 | 118 replies
Hector, I'll give you some opposite advise than what most on this site are providing.
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25 March 2024 | 5 replies
. - LLCs provide minimal legal protection in case of an incident. work with an asset protection attorney to come up with a better plan if they are that concerned. also have great insurance and an umbrella policy.
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25 March 2024 | 7 replies
On occasion, (more than a few times) I've sued to reverse a Trustee Sale (and won each time) and they provided a SWD.