Mehran K.
Is Investment Property Principal Paydown Considered taxable income?
Hi all,
At my family party yesterday I had a chat with my uncle who owns an apartment building and is very successful in other businesses. He told me that any principal paydown on an investment property is considered...
Chris Sukala
IRA into physical real estate
Could some help me out to understand this. I saw somewhere in one of the forums last night about this. Correct me if I am wrong but you use you IRA or 401k as collateral without actually move monies from it?
Jim Johnson
How much to pay for the Mobile Home your buying...
This is a question I get all the time when dealing with people entering the mobile home market... and there are a whole bunch of answers. Lets start with one thing in mind, the less you pay- the quicker you recover yo...
David Mazza
Portfolio Strategy Tax Question
Hey all, I have a very high level tax strategy question / hypothetical as a sole proprietor LLC.
Let’s say I own a place worth $100k. After expenses, I net $15k in cash flow at the end of the year.
I then take tha...
Faiz Kanash
Does my type of income qualify me for a conventional loan?(Bank statements loan?)
Hello all,Just a general question. I primarily work with hard money lenders to satisfy my needs when it comes to my projects as a fix n flipper, however there is also benefit if I'm able to work with conventional loan...
Chris Lang
depreciation on the cash flow analyzer
the spreadsheet figures depreciation as a negative under total operating expenses.My agent/advisor says not to figure that in Why would it be there if I was not to use it?I'm analyzing a 23 unit apartment complex. Is...
Jim Peret
SD IRA and UBIT/UDIF taxes
I'm looking to start a SD IRA checkbook LLC. I've got retirement accounts to fund it and start investing immediately. I was talking to a CPA about investing in their Private Equity fund.. When I told him I wanted to ...
Ria Lamb
Putting a 1031 exchange property into an LLC (3 years later)
Three years ago, my husband and I did a 1031 tax exchange for a rental property. The property is still a rental property and will continue to be, at least for the forseeable future, but I would like to put the propert...
Donald D Michna
1031 Exchange, Like Kind Property
I was at a meetup the other night and a CPA came to speak with us. I spoke to him on an individual level after the meeting about a 1031 exchange that a family member is looking to move from one property to a like kind...
Mike Bicho
Self directed and 1031 exchanged
Can you use 1031 exchange strategy with a self directed 401k?
Thanks,
Mike