Mike Helminger
UDFI Question (related to SDIRA)
I read through this post (and several others) and am trying to grapple with the idea of UDFI:https://www.biggerpockets.com/...Scrolling down a bit, Chris Wooten states the following in the comment section: I’m not a C...
Michael Niemeier
Nothing new under the sun
I'm not much of a poster. typically I would stick to the forums and lurk around learning whenever I can just so I don't get wrapped up in the average menial arguments that happened on so many forums, but that would r...
Chris Fore
Double Taxation on ROTH IRA contributions for down payment
I have a solid ROTH IRA and I was interested in using some of the contributions as the down payment on a property. That money has already been taxed (as per the definition of a ROTH IRA). However, once that money ge...
Rich Chen
Buying real estate property doesn't make financial sense
Just a simple math:
Let's say I buy a home for a million dollars, with 20% down and 30-year term
interest rate = 5% + property tax = 1% + maintenance = 1% ----------------------------------------...
Account Closed
Do the selllers pay capital gains?
When a seller sells a property they pay closing costa and realtor fees (if they hav a realtor) but, Do they aslo pay capital gains if they equity?
Phil DuChamp
Looking to from LLC's
I'm looking to put a mortgaged property into an LLC via quit claim deed, I'd also like to form one to be invested in by a SDIRA.Does anyone have any recommendations?
Anthony Howell
Is note flipping taxed the same as house flipping?
I was thinking about flipping a seller carry back note. I am new to the notes and real estate business and wanted to know how that would work tax wise. I understand that if I were to flip a house I would be subjected ...
Marcus Kuhnert
Selling Long-Term Rental Property to roll into Syndication
First off, I have already contacted my CPA and am waiting to hear back, but thought I'd ask this crowd to see if there is anything to add-My group plans to sell off some rental properties over the next few years - the...
Trey Leigh
50% Rule and Cash Flow
If I understand the 50% rule correctly, half of your gross rents goes to expenses including a vacancy allowance, and the other half goes to P&I and cash flow.
Using this rule, what minimum cash flow do look for o...
Jeff P.
Roth SDIRA and UBIT/UDFI
I have a checkbook control Roth SDIRA and plan to invest in multifamily syndication. I am concerned about how UBIT/UDFI will kick in. I am new to this so forgive me if I don't present it correctly, but here is a hyp...