7 January 2021 | 96 replies
The vast majority of the self-directed IRA fees are deducted from the SDIRA, so they would not be deductible on your individual income tax return because you did not pay them (the IRA paid them).
22 January 2021 | 8 replies
I agree with @Marlen Weber that an RE license would provide a vast opportunity for experience and knowledge if you can juggle that with your studies.
22 February 2021 | 1 reply
It depends what your risk tolerance is, but I would keep rentals in the same LLC until my equity was north of $1M then put new rentals in another LLC.Another way to reduce your risk is to get liability coverage and a commercial umbrella policy.For taxes:LLC is best for the vast majority of landlords.
31 May 2024 | 111 replies
I have started to see that "Generational Wealth" is the source of instability for a lot of immigrant families as well, it's very different even when a legal immigrant has no "generational wealth" compared to a family that's illegal but has vast generational wealth (doesn't matter where the wealth is located because wealth is very transferable these days).Also what you mentioned above is true and it's why sometimes upward mobility class can't happen....
5 April 2022 | 27 replies
Wow, lots of varying and in my mind, wrong interpretations here.Given, some states have some different wording about inspection contingencies.As Is only means that a seller is Not agreeing UPFRONT to do any repairs on items found needing to be repaired, typically those required to secure fha or conventional financing.....that is All it means.It does Not mean that a buyer can’t have an inspection and either walk away or ask for a price reduction as a result of items found in the inspection.As Is and an Inspection Contingency are not related to each other and are Not mutually exclusive (in the vast majority of markets).
24 November 2017 | 26 replies
First time buyers pump up prices and eat into returns.My investor clientele (which made up the vast majority of my business at one point) is slowly becoming regular owner occupant...
7 November 2017 | 402 replies
Awoke to the wonderful world of investing only 4 years ago when 2 hour commute each day opened me up to the vast world of podcasts about investing, online marketing, startups etcKept dreaming that I could retire early with passive income.But I realized soon after that I probably have one of the best jobs out there but filled with both good days and bad days like I had today seeing a very aggressive cancer and knowing that a patient may potentially die.
30 April 2019 | 85 replies
It is not uncommon to see the tax assessors value be vastly different from your purchase price.Total side note, I went to WSSU in Winston for 3.5 years!
14 May 2019 | 260 replies
Investors have told me before that have tons of income and cash flow they would rather make cash flow in future years or big equity gains when the tax environment is more favorable to them.What I have learned over 15 years talking to thousands of investors from all walks of life,income, and net worth levels is that their specific goals and modes of investing are unique and vast.
12 April 2018 | 96 replies
People have been able to sell their home themselves forever but the vast majority still chose to hire a local licensed agent to do the job for them .Most people also don’t move often enough to make it worth their while .I’m sure their will be disruption in the industry as there already has been and there has been disruption in many other industries , but still don’t see agent or brokers going away .