Ross Ellington
Real estate tax breaks
Good evening everyone. I'm I the process of closing on our first property through the VA. My question is Are there any tax breaks with purchasing a home. Being this will be a one year owner occupy before we can rent i...
Mark Burlison
Self directed llc down payment
Have a down payment for my first property in a 401k. My accountant mentioned self directed ira llc’s. He really didn’t know much...but had heard of them. Trying to sort through the info...I am over 59 1/2. Asked a com...
Account Closed
Current Landlord for my family's rental home trying to maximize profit, need guidance
Hello new to the forums here, first off I'm loving the site and plan to use it to it's full potential.I have alot of questions but I figured I'd start out with something that is relevant to my current situation. I cur...
Tania Reuben
Who Are Your Favorite Self Directed IRA
Looking to move some of my IRA into Self Directed. Looking to find a good manager & fair manager.
Tell me WHO do you LOVE!?!
Bill Hampton
Four Things to Know about Taxes and Starting a Business
Four Things to Know about Taxes and Starting a BusinessNew business owners have tax-related things to do before launching their companies. Here are some items to consider before scheduling a ribbon-cutting event.1. C...
Mohamed Nagoor
Capital Gains question
I'm trying to better understand how CG works.example:I lend 100K to my LLC. Purchase a home via the LLC for 70K. 30K expenses ( includes rehab, travel, realtor expenses etc). I sell the home for 140K. Payback 105K to ...
Mike Baker
Trusts
So I've read through a lot of the land trust info and find myself still a little muddled about it.So here's my question.My wife's parents own their house outright so we are trying to figure out whether or not to sugge...
Joe Bol
How to get on the title of a 1031 exchange
I own and manage short term rental properties in Maui. Recently the short term rental market drove off a cliff, not the first time. In the meanwhile, a friend was in the process of 1031 exchanging into another short t...
Bob McKee
Partial 1031 details?
This group has been a tremendous resource for me. Thank you! One thing I am still a little confused on relates to partial exchange. I know that is blasphemy for some of you (haha) but I have my reasons.
Simplified S...
Ross Ellington
Understanding Depreciation Tax
Hey everyone, hope all is well with you! I just want to make sure I'm getting the depreciation tax write off correct. Let me give an example to see if I got this right. If I have a property worth $300,000 and land is ...