Zehua Zhou
How to handle the tax forms from the property manager and the bank?
I just set up my solo 401k under uDirectIRA, and the LLC that will be 100% owned by the 401k, and ready to buy real estate using the LLC.
My question is regarding taxation. Should I give my LLC's EIN number or my 40...
Jahmal James
Buy, Flip and Rent, then Refi
Hey all experienced investors,I am looking to buy my first buy and hold in the Baltimore, Md. area., my plan is to buy and repair at 65% rental ARV. My question, once I secure a tenant, how easy will it be to get a r...
Steve Bullock
Looking for a real estate lawyer in New Jersey
Hey all,Just wanted to know if anyone could point me in the direction of a good real estate attorney in essex county New Jersey. I’d like to have the taxes on my property assessed & hopefully lowered. There was ap...
Patrick Hall
Self Directed 401K Taxation of Rental Income
I am looking for some initial advice (prior to hearing from my CPA) concerning the use of a self directed 401k to purchase and operated a multifamily real estate unit. My primary question is one of "business" or "com...
Faith Importico
1% Rule sounds cool, but is it real?
Recently a few buyers have said to me "For every 1% the interest rates raise, property values drop 10%"I do believe that raised interest rates correlate to price drops and a buyers market. However, rates have raised f...
John Spurlock
Breaking it Down: Generation-Skipping Transfer Tax
Among confusing legal concepts, the generation-skipping transfer (GST) tax is at the top of the list. Because of its complexity, many attorneys lump it in with concepts such as the rule against perpetuities—topics tau...
Orhi Tahi
What are the best ways to assume someones loan ?
Hey all,What are the best ways to assume someones loan ?For example, if someone is at foreclosure can I assume that loan if its FHA or VA ?What other creative options do you have in mind to find assumable loan ?Orhi
William Walker
Splitting a fee with a realtor on new construction
I'm currently looking to purchase a new construction house. I've gone through the preapproval with a lender and don't have an realtor so the lender recommended one to me. Since then the realtor hasn't done anything...
Ziad Hamati
Real estate investing for Foreign vs US citizen
Hello,My sister is US citizen who has been living overseas most of her life and I am helping her get into real estate.Since she has lived overseas, she has not been able to build credit. She did get a secured credit c...
Javon Gordon
Using 401k for investing
I have about $125k in my 401k from my job in which I do not plan on waiting until I'm 59 to withdraw or to retire. Is it a good idea to use some of that money to purchase some properties?