Don Ireland
Owner Occ Duplex: Accounting
I'm in the final stages of buying my first rental. This will be an owner occupied duplex. Since I can't include expenses for my unit for tax purposes, I'm wondering how I should handle accounting for my unit.
Shoul...
Mark Tanner
Recommendations for Custodian of Self-Directed Solo 401k
I am looking to open a self-directed solo 401k. What are the best custodians out there for self-directed solo 401ks? In case it makes a difference, I plan to use it to buy rental properties, probably with mortgages si...
Chris Sullens
Are all costs prior to placing a tenant considered purchase cost?
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
Cori Chekhovskiy
Does Cap Rate include Capex?
Just want to check my understanding. When people discuss Cap Rates, I think it subtracts off for all cash expenses EXCEPT Capex. Is that right? Is there a measure that subtracts off for Capex?
Lakeisha Alston
Tenant Utility Bills
I just acquired a property that came with a tenant and would like to receive duplicates of the utility bills. The lease states that the tenant is responsible for paying all utility bills and I want to ensure the bill...
Joanne Wood
Do you incorporate?
Yes. I'm new. Please excuse my ignorance. Do you purchase properties under a business name or personal purchase? Wondering what the advantage and disadvantage os to both. 😄
Dartavious Glass
Starting a LLC without a property.
I would like to start a LLC and was wondering do I have to transfer the property into the LLC right away or can I do it at a later time?
Mil Sanghvi
PROCESS AND GUIDELINES FOR FOREIGN NATIONALS INVESTING IN USA
Hi have access to and know high net worth individuals who are foreign nationals (non US citizens) that are interested in acquiring residential multifamily properties. (2-4 units or 5+ units). Most likely it will be a ...
Ashly B.
Tax question: Owner financed payments
I am hoping to do my own taxes this year but got a little stuck as I was finalizing my books. I purchased a SFH in Oct. 2021 with owner financing that is still under renovation. I understand that any renovation expens...
Tamar Hermes
Do you use your 401K money to invest in real estate?
I have been investing 401K funds through a self-directed DB plan in my company for a while, but now I have different 401K money coming in and wondering who uses retirement accounts with traditional stocks and who is i...