Amanda G.
Move allocation from self directed IRA to self dir ROTH issues?
Hi All,I have both a self directed traditional IRA and Roth IRA. I'm wondering if it is possible for my annual contribution to move assets from the traditional to the Roth rather than contributing new money to the Rot...
Craig Curelop
Michigan Landlord Forms NOW AVAILABLE!
Michigan landlord forms are now available! Check them out here: http://get.biggerpockets.com/forms/mi/For other available states. Click here! http://get.biggerpockets.com/forms/index/
Terrence Evans
Possibly a dumb newbie question regarding NPNs
Ok so let's say I buy a a non-performing note for 30 cents on the dollar and I know that the area is someplace relatively depressed like say Detroit.Let's say that the balance was $30k and the property is worth half t...
Daniel Levine
Help looking at multi family deal
Hi all, I am struggling with the analysis on this one. I am looking at purchasing 3 multi families from the same owner. The only way the deal will work is if I purchase all 3. My biggest concern is that two of the pro...
Stuart Levine
Tax consequences of assignable purchase contract
I have an assignable purchase contract for two houses as a package. I am sure I can sell one of them for enough to pay off the entire contract, at which point I will own the other house free and clear. My biggest que...
John Carbone
Sevier County STR State and local taxes
I definitely need an expert opinion on this from a veteran in this market. From my understanding, the total tax paid should be 12.75 percent, and what I read from older posts was that 9.75 percent is collected, but ho...
Bryan O.
Tax Deferral and How to contribute to solo 401k
As tax season is approaching, I'm trying to find more ways to reduce my taxable income to get down to the more favored brackets.If I have passive income (rent) coming into an LLC, can I pay myself a management fee to ...
Jules H
1031 question
I have an investment property which I'm thinking of selling, its worth approx $900k, I paid $480k, and owe approx $300k. I was thinking of doing a 1031 exchange, but confused whether I need to buy another $900k p...
Reid Isaki
1031 exchange selling property closing costs
I own 3 rental properties and am doing a1031 exchange on one. What closing costs can i deduct from this exchange? I want to keep accumulating carry over losses but am having trouble finding information about this.
ev...
Nathan K.
Calculating My Buyout as Partner
I've lurked around here quite often for good while now. It's time for an actual post.A partner and I own a fourplex together 50/50 and I'm thinking that I'd like to cash out and go on my own now that I would have the ...