Fayez Jangda
Mobile Park Analysis
25 May 2022 | 3 replies
Is is because the current owner is not engaged?
Nagesh Pulipati
Does Cash Balance plan is subject to UBIT taxes?
1 May 2022 | 2 replies
@Nagesh PulipatiJust to clarify: UBIT stands for Unrelated Business Income Tax, this is a tax that is assessed when any tax-exempt organization (this includes both self-directed IRA and Solo 401k) engages in business activity and receives business or earned income from such activity.
Gin Zhuang
How do you post in local real estate forum?
4 May 2022 | 1 reply
We are currently working on new iterations to our location tagging feature to make things more relevant to a local real estate market a forums users would like to engage in.
Felipe Soto
Exclusive Engagement Agreement
17 November 2021 | 8 replies
MM has an exclusive engagement agreement where 1% of total sale price is asked whenever this agreement is signed regardless if you use their recommendations for financing or you choose to shop the lending with another commercial lender?
Ricardo Suris
Feedback/Guidance for Couple Attempting to House-hack in Philly
30 November 2021 | 7 replies
I was on-the-go for most of the day yesterday, and did not wanted to engage in the forum without my undivided attention.
Jason Malabute
UBTI and self directed IRA
30 November 2021 | 4 replies
@Jason MalabuteIt will depend on the nature of the partnership and how income is produced.As a limited partner, the IRA will have tax liability if taxable income to an IRA is created by the partnership.If the partnership is engaging in a trade or business (as opposed to generating passive income like rents) then there will be taxable Unrelated Business Taxable Income (UBTI).If the partnership is using debt-financing then there will be taxable Unrelated Debt-Financed Income (UDFI).The presence of UBTI and/or UDFI will require the IRA to file a trust tax return on form 990-T and pay the resulting Unrelated Business Income Tax (UBIT).It is always best to check with licensed tax counsel who can review the specifics of your intended IRA investment.
Jim Spatzenfeld
Am I allowed to evict after I close on purchase in California
2 December 2021 | 11 replies
As far as I understand, an LLC that owns a duplex in California cannot evict a tenant except for a "good cause" eviction for things like failure to pay rent on time, failure to cooperate with legal recertification requirements, and engaging in illegal activity on the premises, etc. which is not the case here.I would like to evict after closing because the tenant pays less than 50% of market rent and California does only allow annual rent increases between 5-10%, so I cannot bring the rent to market rent with this tenant.Any ideas?
Taylor M.
Cold calling for someone else? - wholesale real estate
6 December 2021 | 10 replies
You get practice and get comfortable engaging with and building rapport with sellers, and they can focus on another part of the business.
Fletcher Clardy
Moratorium Effects 2021
10 May 2021 | 7 replies
People still have been leaving their homes and socially engaging.
Ronald Stanley
When should I complete my research before a tax sale?
9 May 2021 | 20 replies
Since tax sales may not be enough to create a full time income, I am wondering if there is another strategy you use along side of tax sale investing to create additional income.