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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).
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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.
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27 August 2016 | 3 replies
There is a back tax bill of 250.00 can I pay this and file a lien?
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25 August 2016 | 3 replies
Welcome, In addition to what was said you can join a local real estate group in your area.
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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.
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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
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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.
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25 August 2016 | 0 replies
Specifically with FTP files in the Broward County area ( South Florida ) regarding Official Records of Real Estate transactions.
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3 April 2017 | 7 replies
Sam Craven past 180 days is not illegal in Texas there are just additional qualifications.
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30 September 2016 | 4 replies
Additionally, lenders don't like associations that have one owner with greater than 10% interest - are you paying cash?