Joe Jor
IRA to Roth Conversion - Passive or Active for Taxation purposes?
Howdy Gang,I am considering converting an IRA to a Roth. I know this will trigger a taxable event. Is this event considered an active or a passive activity?The background of the question is: can this tax be offset b...
Michael Mastantuono
Has anyone done a garage conversation in san Fernando valley?
Hi I have a back garage with attached additional rec room. Looking for recommendations or referrals to help turn it into a studio or one bedroom.
Daniel Dietz
Appraiser for "Valuation Adjustment" on 3-way LLC/ROTH Conversion
Hello All, II am looking for feedback on two things;1)The 'concept' of getting a 'valuation adjustment appraisal' on our 3-way LLC that is made up of 3 SOLO401Ks that own rental properties and are currently NOT in 'th...
Steve Stuart
95 Doors... What to do now (REIT conversion.. portfolio sale?)
TL;DR: What's the best way forward with 95 doors in the same zip code across 15 properties. Portfolio sale? To whom? Convert to a REIT?A new triplex acquisition next week will put me at 95 doors. My overall ownership ...
Cory Schoonover
Is a garage conversion an ADU or a JR-ADU?
Hello,
Looking to convert my garage into a 500 sq foot jr ADu and later add a detached adu to my properton. Getting mixed signals if my garage conversion is classified as a jr-adu. It would need to be in order...
Chi Zhang
Chicago conversion 2 DU to 5 DU with zoning change
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $400,000
Cash invested: $450,000
Orig a mix-used 2 unit in B1-2 zoning, a zoning amendment was obtained to up...
Blake Jennings
How to get a seller conversation started with the seller?
Hello BPU!!! I’m going to make my first attempt at opening up a discussion with a seller asking if he would be willing to finance a 3bd 2bath ranch (currently rented to my grandmother who is moving out) up to a percen...
Dominic Augustine
Mixed Use Property Conversion to Residential Worth it or not?
I am a new bigger Pockets member and a new investor. I have not closed on my first deal yet, but am looking to utilize the FHA loan to its best leverage and get a 4 unit for my first one. With that my mortgage person ...
Joseph P.
Do I need to notify Lender of multi-family conversion?
I purchased a SFH with an owner occupied conventional mortgage a little less than a year ago. The home was in a multi-family zone and had been used as a 2 family for years, but never classified as such with the town. ...
Account Closed
What Is The Average Percentage Cost Estimate Of Condo Conversions?
I am looking at purchasing my first multi-family to convert into condos and wondering if there is a formula or standard average percentage used to compute the cost of converting (i.e 5% of purchase price or something ...