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Results (10,000+)
Daniel Dietz UDFI and Deprciation in SDIRA Account - Trying to Understand
25 August 2016 | 1 reply
@Daniel DietzYour analysis is in the right direction, but not quite there.1) Determine the debt financing ratio - in this case .602) 60% of the gross income is then looked at by UDFI3) 60% of all deductible expenses are applied, so 60% of straight-line depreciation, 60% of the interest on the note, 60% of property taxes, etc.4) $1000 exemption applies5) The net amount after deductions and exemptions is then taxable to the IRA, and the trust tax table is used to determine the tax amount.Even if you have a negative UDFI liability, it can be worth filing the 990-T in case you can carry that loss forward to future years.We have a UDFI calculator on our website and if you PM me, I can send a link to you (BP does not want me posting that outside content on their forums).
Charles Wiegert Loopnet Disclosed Financials
28 August 2016 | 10 replies
I am going through some of these same issues with numbers provided by brokers/Loopnet vs actual numbers, but I can't get actuals until I get the property under contract.In each case that I've asked for rent rolls, trailing 12 months, tax filings, etc, the response is to put it under contract and then they'll provide numbers.
Leland Titus Can I buy a forgotten property for taxes in NM by paying them.
27 August 2016 | 3 replies
There is a back tax bill of 250.00 can I pay this and file a lien?
Alex Sanchez Advice, Mentorship and Networking
25 August 2016 | 3 replies
Welcome, In addition to what was said you can join a local real estate group in your area.
Keith Fowler Quit my Job, Cash out my 401K, buy more RE investments.
3 September 2016 | 33 replies
Hello Keith, If you're purchasing an investment property and hoping to get additional financing after quitting your job, you have to prove your ability to repay the loan.
Irene Chen Am I missing anything? Inheriting Tenants
26 August 2016 | 6 replies
  - In addition to transferring the security deposits, make sure if there was any sort of pre-paid last month's rent collected that it also gets transferred
Brian Pulaski House #3 in CT Success
28 August 2016 | 10 replies
I really underestimated the cost to add it, and in the end learned that comps were 50:50 split on having it verse not.
Brian Carvajal Interpreting Data
25 August 2016 | 0 replies
Specifically with FTP files in the Broward County area ( South Florida ) regarding Official Records of Real Estate transactions.  
Chris Mcdaniel Lease options in Texas
3 April 2017 | 7 replies
Sam Craven past 180 days is not illegal in Texas there are just additional qualifications.
Kim Bayless HOA never organized?
30 September 2016 | 4 replies
Additionally, lenders don't like associations that have one owner with greater than 10% interest - are you paying cash?