John Blanton
Cost for K1s for a partnership under 10 investors
5 March 2020 | 4 replies
If there were any special allocations, preferred returns, subject to business interest expense limitations, etc, depending on complexity could go up to $5k+.
Joe Rinella
Due Dilligence for Auctions in MA
6 March 2020 | 6 replies
If you find something that you believe can't be fixed with a limited outlay of funds, you will lose your deposit, which is frequently 5-10K.
Jeffrey Grieshop
SFH split into two versus naturally built duplex
6 March 2020 | 4 replies
Heck, it might have been upward of $20k, I now forget.Please help with the original subject though.
Ashish Acharya
Tax Tip on Student Loan
5 March 2020 | 1 reply
If the $10,000 limit is exceeded, the earnings portion of the excess distribution is included in the individual's income and is subject to a 10% penalty.
Eric Crockett
Expanding my portfolio in the Boston and Providence Areas
5 March 2020 | 6 replies
It's been a long time that rents have been rising so I think the prospects of rents falling is a foreign concept, but just like prices, rents go up, and eventually they go down, so you don't want to be in a tough position with a high mortgage payment if that happens.This is all just my personal experience and opinions of course, and I could well be too conservative in all of this, but nonetheless that's my current thinking on the subject (and thanks for the compliment about being a good resource, I'll look forward to your reaching out again in the future :)
Scott Jensen
When does flipping homes in a SD IRA create UBTI?
11 March 2020 | 4 replies
When is a non-financed house flip inside of a SD IRA or Solo(k) subject to UBIT?
Kase Knochenhauer
Why does not one talk about Solo 401(k)?
7 March 2020 | 5 replies
@Kase KnochenhauerThere are posts almost every day in the forums regarding Solo 401k plans.Please see the following regarding Solo 401k vs Self-directed IRA, Considerations re Investing in Real Estate & Consideratiosn re Choosing a Solo 401k provider:Solo 401k vs Self-directed IRA:A Solo 401k has several advantages as compared to a Self-Directed IRA including the following which specifically apply to your situation:Unlike a Self-directed IRA, you can have the account for the Solo 401k at a bank or brokerage that does not charge maintenance fees and where you will have checkbook control.Unlike a Self-directed IRA, if you use leverage (which must be non-recourse financing in either case) to acquire real estate with your Solo 401k the income will not be subject to Unrelated Debt Finance Income taxGeneral Considerations Re Investing Retirement Funds in Real Estate:1.
AJ Johnson
Seller Financing Interest Rate - How does that work?
5 March 2020 | 3 replies
There are ways like "subject to" but I've never been a big fan, because you still don't own the property and/or the existing mortgage can be called due.- Tom
Chris Peckham
First Time MHP Investor
6 March 2020 | 7 replies
It would be easier to have a larger park with more income..If your thinking about it make sure you have the proper reserves or insurance.. and make sure you dont cheap on your due diligence on evaluating the well and septics and know the replacement costs including replacing the pumps.. and how frequent the well needs to be monitored to abide by EPA standards..
Account Closed
CA Courthouse Foreclosure Auction Questions
6 March 2020 | 4 replies
Quick background on the subject property; To cut to the chase I am interested in a property that is up for auction tomorrow morning that I just found out about through a good friend.