Sam Leon
IRS Safe Harbor Rules questions
OK, I have done a bunch of reading and still finds some of the new rules confusing. So I have a few specific questions on these new safe harbor rules.There are some very helpful existing blogs and threads covering th...
Account Closed
First Flip. How important is a general contractor?
About close on my first house, was a hoarder house and going to need a lot of work. I want to hire a general contractor, I feel a good GC would help speed up the flip which would limit holding cost and help get a good...
Michael Broderick
switching a 401k to a self directed IRA
Greeting's real estate guru's,Looking for advice on a company that handles Self directed ira's? Or If there key items I should look for in a company that manages ira's. have a current 401k that i want to transfer.Th...
Sophie Sawyer
$100k income in W2, but $0 on tax return adjusted income
Can I take out mortgage loan given:
I have a stable $100k W2 income from my employer, but opened an LLC this year and am projecting a loss of $200k in the first year. This loss is expected and not a problem. However,...
Robert Jordan
Mortgage Interest Deduction
Hi all. I’m a prospective buyer located in Chicago looking to purchase a 2/1 condo and rent out the second room to a friend. I’ll be able to put 10% down on a roughly $350,000 unit, and will be using this opportunity ...
Declan Kaster
Using social media to generate wealth
I've read that using social media is important for a business to become visible. So I started a twitter page. My question is, how do the followers I get lead to contacts/more properties/better deals, and ultimately mo...
Ryan Bandaccari
Buy out equity position of SDIRA via refi?
Hi all,I have a unique question on SDIRAs that I haven't yet found an answer to. Hypothetically, let's say that I make an all-cash offer on a property using 50% SDIRA funds and 50% cash. I do some work on the property...
Godsheritage Adeoye
How to takeover Subject to loan
Hello, I’d like to know how investors typically handle Subject To contracts. Do they use a servicing company to make the payments directly to the , or do they make payments directly to the seller and hope they pass th...
Jacqui Dolan
Getting work done before insurance finalised
I have a property which has been vandalised by previous tenants and is currently with my insurer for a claim. They have assessed the property but it has been around 6 weeks and the claim has still not been completed. ...
Jeff Costa
Accountant needs fair market values for cost seg study?
I am talking with my accountant about the mechanics of a cost segregation study on two duplexes purchased in 2022. He has asked for fair market values for items that will be included in the study (ex: roof, water heat...