Hello all,I'm new in the notes business and I have an opportunity to buy a pool of 4 notes in different states. I'm wondering whether it's possible to keep all of them under my LLC which is in Florida. It means that I...
Hello,Can I use SDIRA to purchase a home (manufactured home) and rent to a sibling?If so, in the future is there any issue if the sibling purchases the home? Can you do a lease to buy option?What if any restrictions o...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $225,000
We rented the home for about 5 years, but in year 3 we took a lease option to purchase and executed the option...
Hello All, I am hoping maybe @Dmitry Formichenko, @Brian Eastman or @Steven Hamilton II might be able to give their input here :-) I have been investing with my SDIRA for some time and grasp most of the concepts of th...
I'm exploring SD checkbook IRA thanks to the advice on this forum. Unfortunately I don't qualify for solo-401k since I have no self business generating 1099 income... I wanted to see how UBIT is calculated in a IRA LL...
I used a Rollover for Business Startup (ROBS) to start my REI business a few years ago, rolling over 401k funds. I fell behind due to personal/health issues in filing the 5500 (3+ years) but my business also did not m...
A fairly specific question. I have a multi-member LLC in Ohio that my parteners and I use to own single family rentals. I am working on filing federal buisness taxes for the LLC in order to generate K1s, etc. But the ...
For the last 2 or 3 (maybe 4) years, I've had a special assessment tacked onto my monthly HOA for a building repair (boiler replacement I think). I've never claimed tax deductions for this repair. Obviously, I can d...
Hypothetical situation: Sale price-500kCost basis-300k-50kdepreciation =250k1-Let's say at closing I want to place 400k into the 1031 and the remainder-100k- I would like to cash out at time of closing. I'm trying to ...
We have a property sold end of December 2017. If we were to not procure a replacement property by the 180 day mark in June 2018, there would be capital gains owing. Would we pay the capital gains for tax year 2017 or ...