Matt P.
Need new CPA...
I live in California (with CA W2 income) but BRRRR in Tennessee. I'm looking for a good CPA who is also a real estate investor, that can help me with tax strategies. Multi-state income, 2nd residence in TN, have cou...
Chad Bailey
Want to Use IRA $ for REI - Who Do I Consult? Tax Att., CPA, CFA?
Hello and thanks in advance for any constructive advice,Long story short, I was laid off last year and cash savings are all but evaporated. I've chosen to fund my first REI with cash from my self-directed IRA. Can a...
Aaron Moore
Random people coming in and out
How do you handle a situation where the tenant constantly has different people coming and going from the unit? I know I can't tell her not to have company, but every time I stop by it's always people there even when s...
Brady Stout
One property owned by 2 LLCs - How to setup banking?
Hello,We are in the process of a 1031 Exchange. We are selling 2 properties that are each owned by different LLCs and will be buying a single larger property. Because of the 1031 Exchange rules, we will need to buy ...
Account Closed
Sponsor's promote based on Cash on Cash Return instead of IRR?
I know people frequently structure deals with disproportionate distributions to the sponsor to reward them for their performance. Every waterfall model I've ever done has used IRR targets as hurdle rates. This is grea...
Jason Griffin
From a tax standpoint, can you receive funds from both parties?
Hi, What is the best way to distribute funds to the wholesaler? Can they be divided between the seller and the purchaser 50/50? At closing, I understand that the entire amount is deposited into an escrow account, ...
Rosanna Tran
Quit claim deed on 1031 property
I bought a commercial property in 2015 under my company name which I do import & export & under 1031 exchange. Now I closed the import & export business & I want to quit claim the property to under a n...
Weikang Chen
Self-Directed IRA Account
Anyone have any experience using a self-directed IRA account to invest real estate?Please share your experience and tips.
Also which custodian do recommend to open the account with?
Robert Pickles
Feedback on MidAtlantic IRA
Hey folks,
Several weeks ago, I posted some questions about what I suspected was an un-informed group offering IRA advice. As I suspected the advice was bad, as indicated by the answers I got here, my accountant, an...
James Davidson
401k withdraw & the Coronavirus
With the CARES Act and the ability to withdraw 100% of my 401k without penalty I am very close to pulling it out as a loan to myself. This way I essentially have 3 years to pay it back and when done it still grows. Wh...