Greetings fellow investors,I am close to get into my first property and I am wondering about the following.We are all aware that the interest paid on the mortgage is tax deductible but ......A) Does the deduction rela...
How do you get rid of Annual Mortgage Insurance Premium on FHA loan? and what happens to the the Upfront MIP? Is it refunded to us later or is it payed toward the mortgage later?
Due to a discussion about filing form 3115, which is evidently required but may not be expected to be complied with, I thought I'd ask if my Schedule E looked normal. (No red flags) First, can anyone link to an art...
I think I pretty confident on this deal but just wanted some verifcation I'm looking to buy this home from family here is the breakdown:Purchase Price: $35,000Initial Market Value: 63,000Currently Rented @ 695.00 per ...
I moved parts of an Trad IRA and Roth IRA correlating SD-IRAs that formed LLCs and purchased a home in full, later renovated using the same funds. The accounts and transactions are complient with IRA rules. Questio...
My new employer has two options for Retirement Plans, both with Fidelity:
401(a):
-Employee after-tax contributions up to 60% of pay*
-Service-based match of 100% to 200% on after-tax contributions up to 3%
-1% a...
Hi BPers, I need help to determine the improvement portion for depreciation on my new construction home. It was placed for rent on 6/19, and occupied 8/19. The Property Record Card is not accurate. It only shows t...
I'm just starting to research self directed IRA's. Do they have the same annual investment limits as a regular IRA - about $5500/year? If so, if your plan is to invest in real estate with the money in your IRA, what...
Hey BP!
A little backstory on why I'm writing this post... My wife and I have been together for about ten years and we've never taken this topic super seriously. What I mean is we've never sat down, wrote down our go...
Do I need guidance in this category or do I just google “create my own LLC”? Just trying to gauge if there are any particular details I should know about or if it’s pretty straight forward to figure out on my own.