Hank Hebel
Inherited IRA Rollover Question
21 September 2018 | 11 replies
I know that any distributions from my IRA is a taxable event subject to income taxation, but I just want to make sure that transferring from an inherited IRA to a self-directed IRA does not generate unexpected tax implications (because I'm simply transferring between slightly different IRA accounts and custodians and not taking any distributions).
Darren Nardo
DoHardMoney.com / other hard money lenders.
27 September 2018 | 30 replies
FYI, they inflate the costs on the warranties as well, depends on the year, make & model of the car but each one has a different base cost and I could charge whatever I got away with and the dealership profited the difference.
Jenny Gremillion
Vacation Rental Duplex Tax deferment question
21 September 2018 | 0 replies
We’re trying to figure out how to avoid the short term gain tax implication of the sale since were in the highest bracket and that will basically eat into all of our profit.
Daniel Rogers
Cash Usage Conundrum
21 September 2018 | 2 replies
The goal with paying it off would be to jump the mental hurdle of owning a property free and clear, start an LLC and transfer the title into that LLC, and then to have a property that we can HELOC against in order to have the flexibility to make cash offers so that we can begin making LLC purchases more easily rather than titling in our own names.I'm certain that plenty here would advise to continue rolling the money into new properties, rather than to pay one down, since owning the house free and clear would provide about half the cash flow that we could get from down payments on two new properties, however my wife (in particular) and I both like the idea of simply owning one property outright and then using the above strategy moving forward.
Rich S.
Who is your BP thought twin and why?
26 March 2019 | 5 replies
I wish my thoughts were as profitable as @Jay Hinrichs!
Alex Smith
1% Rule with Today's House Prices
24 September 2018 | 4 replies
Charlotte is a big city, rent to price ratios are generally less lucrative in cities and moreso in rural areas.The profitability rules for real estate don't work everywhere.
Angela Smith
I need to learn about capital gains taxes
11 October 2018 | 2 replies
Will we be saying goodbye to our profit?
Nathan Jung
Is project financing possible in this way?
22 September 2018 | 1 reply
If the company complete the process of review in a positive way and is being announced that the landowner doesn't have enough money to pay for construction, then they look for lenders who can agree with the profitability of the project.
Kevin Johnson
Pros/Cons is property managers
22 September 2018 | 4 replies
@Kevin JohnsonPut simply; Pros - They’re experienced and it frees up your time to focus on future deals.
Joe Blow
Onsite Property Manager
23 September 2018 | 6 replies
I can see it both ways but tend to lean toward Nathan simply because you can't evict for non-payment of rent which is usually easier than evicting for a lease violation or breach of contract in this case.