Elizabeth Naranjo
Looking for CAP familiar with using Roll Over for Business (ROBS) funds for fix&flip
19 January 2024 | 2 replies
If you are comfortable working remotely then there are at least 20+ professionals here that would be more than happy to assist.If you have a specific question about ROBS you can always post it and then use the answers on the forum to filter who has the most knowledge and experience in that area of tax law.
Tony L Holland
SIRA, E-QRP, Investing in Real Estate/Vacation Beach House
19 January 2024 | 7 replies
Here are some factors to help you make an informed decision:SDIRA vs. e-QRP:SDIRA (Self-Directed Individual Retirement Account):Allows for a broader range of investment options, including real estate.Provides more control over investment decisions.Requires custodial services, and there may be fees associated with the SDIRA provider.Strict rules and regulations to ensure compliance with IRS guidelines.e-QRP (Enhanced Qualified Retirement Plan):Similar to a 401(k) but with enhanced features for greater flexibility.Generally, more streamlined than SDIRA with fewer administrative requirements.Allows for real estate investments, business investments, and more.May offer more control and fewer restrictions compared to SDIRA.Financing Considerations:Both SDIRA and e-QRP can be used for financing, but the terms and conditions may differ.Check with your chosen custodian or plan administrator to understand the borrowing rules and any potential penalties.Tax Implications:Understand the tax implications of using retirement funds for real estate investments.Consult with a tax professional to ensure compliance and to minimize any adverse tax consequences.Market Conditions:Consider the current real estate market conditions in the location where you plan to buy the beach house.Evaluate potential risks and rewards, especially in the context of your investment horizon.Long-Term Strategy:Since you're planning to work for another five years and potentially sell the house later, ensure that your investment aligns with your long-term financial goals.Interest Rates and Economic Conditions:Monitor interest rates and economic conditions, as they can impact the timing and profitability of your real estate investment.Professional Advice:Consult with financial advisors, tax professionals, and legal experts to get personalized advice based on your specific financial situation and goals.Due Diligence:Perform thorough due diligence on the property, renovation costs, potential rental income, and local market trends.Remember that real estate investments, especially with retirement funds, require careful planning and adherence to regulations.
Nicholas Jung
Tax write off for real estate investor partners
20 January 2024 | 2 replies
At the end of the day I strongly encourage you to speak with a real estate-focused tax professional here for you and your family.
Leo Cheng
need advice for a real estate CPA whose client base includes physicians
20 January 2024 | 3 replies
@Leo Cheng did you consider reaching out to tax professionals commenting in this forum?
Nathan Kostrba
Looking for an experienced Real Estate CPA
18 January 2024 | 3 replies
I am looking for a CPA with real estate experience who is passionate about developing tax strategies for SFH investors.
Juan Figueroa
New Investor Tax Help
20 January 2024 | 13 replies
Readers are advised to seek professional advice.
Nicholas Stevenson
18 years old, 50k cash, what would you do?
18 January 2024 | 7 replies
So just think, more crappy.I would encourage you to create an LLC with an experienced investor and buy a house with your 50k with an experienced investor.
Alex Yost
Chimney Sweep Recommendation?
1 September 2016 | 6 replies
On time, called to confirm. polite, professional.
Alex Yost
Closing concessions? What is your strategy?
31 August 2016 | 13 replies
I want to be appropriate and professional, so its great to get your feedback.
Joe Gabopalo
Re-zoning from SFH to multi-unit
30 August 2016 | 1 reply
Hello,I have a question for some experienced investors.I recently purchased a property that was illegally made into a duplex with zoned central air and gas, and would fit all categories if stairs were rebuilt from top deck.