David Mcginnis
effect of UDFI on distributions
If my SIDRA (regular/untaxed contributions) pays UDFI tax, what happens to distributions from the IRA? Do I have to pay tax on that income again or do I now have basis in the IRA?Also, I think I understand that bonus ...
Michael Delpier
Can i do a 1031 into multiple Brrr's.
I would like to sell a single property and buy several SFR's1. Can you sell one to buy many? What are the complications with this?2. Can you buy from wholesalers with the 1031? Any issues?3. Can I include the rehab co...
Brendan Jones
Growing my MHP business
Welp, looks like my last post crossed a line. Let me try again....We own several MHPs in the Houston metro. I was able to initiate several deals this year, and we closed on 4 new parks. Looking to 2021 and beyond, I r...
Troy Luster
1st Deal After Finding BP: Househack
I'll have to update this once we sell, but unless the market takes off it may be a while. We'd like to keep it at least 2 years for the tax free profit.I've made it to podcast 179 in a little over a month. I'm activ...
Kevin G.
Absolute Net Lease tied to a residential property - pros/cons?
Hello all,Thank you in advance for your feedback. I am seeking information on a potential deal I came across. The asset is a Residential home that is leased (absolute Net) to a medical treatment facility. I am famili...
Kate McClinton
Second opinion from another CPA?
Has anyone ever questioned what their CPA told them and gotten a second opinion from another CPA? I currently work with a CPA who does not specialize in real estate tax, and I'm second guessing some of the answers sh...
Evan Swanson
Best business entity for renting out an owner-occupied duplex?
What is the best business entity for people seeking to buy a duplex as their first home and rent the other unit out? The property will be paid with by residential lending products and personal money, but how is the bu...
Zach Stanard
Out-of-State Investing; Tenant Relations
I have a specific market in mind, though it is early in the planning stages and I haven't yet set foot in that market. (I will be taking a trip there later in the year to check things out.)
What I Wanted to know wa...
Jason Garrison
Income property
I'm a newbie when it come to income property so I have a question about how the taxes work and what I should do to prepare for tax season. I want to ensure I do this the correct way.I've been in my house since Dec 20...
Joe Fermin
s corp vs llc
was wondering if anyone can give some insight as to which entity is best to form to transfer our properties to. is there any advantage of forming an s corp vs llc for this purpose? thank you for any info