Dennis Hertzler
Self-Directed IRA question
Ok, I have read a lot of posts on this subject and I am still unclear on what you can and can't do. But, it appears that I may not be able to do what I was hoping to do...Here is the scenario: I have recently "retired...
Brian Troy
Buying Property With SD IRA
I'm sure this has been asked before, but I could only find limited info looking through past posts. I am new, so please understand.
I'm 42 years old and currently have $100,000 in in my 457b and 401a. I will be leavi...
Michinori Kaneko
prepaid rent tax treatment
Hi All,I know that when you receive a prepaid rent, you treat that as an income on the year that you receive it. However, what if you use the property manager, and they are the ones that receive the prepaid rent and ...
Jordan Burnett
Multifamily Syndication Refinance Implications for LP Investor
Hey guys,I'm looking for some guidance on how to know what the implications of a refinance are for a Limited Partner in a multifamily (or other) syndication offering. If it's not explicitly stated in the PPM, is the e...
Account Closed
PEP fund with Lane Kawaoka
Has anyone else invested with this guy? I got roped into this PEP fund he was advertising by a friend who had invested with him before. The fund was advertised as a boring "preferred equity" fund that pays 10% a yea...
Kareem Wyatt
What the Seller’s cost basis numbers?
Question...Were are getting ready to closing....And I attorney needs a copy of the Seller’s Trust Agreement and the Seller’s cost basis numbers to complete the Closing Statement and the Gain Affidavit.What are the Sel...
Vince Le
When Should I Create an S-Corporation as a Realtor?
Hello BiggerPockets,I am a Realtor in California. I am about to recently close a transaction that will net me a five-figure check. Since Realtors are self-employed, I have been planning on creating an S-Corp to maxi...
Kathryn Dunnivant
Opportunity Zone Fund
Hi Everyone,I am closing on my first rental duplex in mid-December located in an opportunity zone. I do not yet have an LLC set up for this property and it will be owned by my husband and me at first. We were planning...
Alex Yakubovich
Backdoor Roth IRA and Pro-rata Rule
Hello everyone!Could you please help with my situation? I want to do a Backdoor Roth but I have pre-tax money on my trad IRA and I don't understand whether the pro-rata rule could be avoided if I do the following:1) A...
Clay Ickes
Brand New in Boulder, CO
Hey Everyone,A 3-hour conversation on a plane ride totally blew out my idea of what's possible, led me to the bigger pockets podcast, and ultimately landed me here to this site. I'm brand new to all of this and just t...