Jeff Dimock
Living off loan proceeds from a property in your LLC
I have heard many people talk about getting a larger loan than needed on an investment property – either from a private lender at purchase or perhaps from a bank refi later - then using the excess as available cash to...
Mary Jay
Proper way to do distributions
Hey guys, what are the proper way to do distributions?Lets say I have 5 rentals, the money comes to my property management company, then property management company does a distribution to me... 1) Should I do it via c...
Lalainya Rawlings
Moving capital/profit from private Investor to LLC
How is capital/profit moved to and from an investor to a business? Person X wants to invest in Flipping LLC. Can they simply wire 100k to the business account?Can the business account wire 110k to person X when the pr...
Cliff T.
Help with my K1 as a realtor (S-Corp) and applying for a loan
I'm running my realtor business as an S-Corp while paying myself a W2 salary. I'm trying to see if my accountant filled out my K1 correctly... As it stands, my K1 states a high amount of business ordinary income (Box ...
Richard Z.
LLC partnership buyback tax question
I have a question regarding LLC partnership buyout tax implication. I'm making a simple LLC scenario for easy discussion.The LLC has three partners A B C. LLC did real estate development project: it bought a land and...
Travis Christman
Beneficiary Self-Directed Realestate IRA question
Hello,I'm brand new here, and I have a question that I can't seem to find the answer for due to its unique situation. I'm now the owner of a Beneficiary Self-Directed Realestate IRA. The IRA contains one rental proper...
Michael Lauther
Can Parents Self Directed IRA lend money to my SD IRA?
My moms IRA Is earning less than 4% and she is taking a minimum distribution she is 85 year old. What are the issues if we go ahead with this plan?
I would have alternate min, tax if I borrowed to finance real estat...
Leah Dockter
Converting from a 1031 to a Section 121
If a partnership does a 1031 exchange into 2 rental homes and then decides to distribute them to the partners can the partners qualify for a 121 each? This is assuming each partner lives in a house for 2 of the 5 yea...
Reid Shafenberg
IRA withdrawal mistake
About 5 years ago I made a mistake and withdrew about $5,000 from IRA funds that were rolled over from a 401k when I left that job...I am in my early 30's and I am wondering if I should repair that mistake and resave ...
John Moran
Self Directed IRA Tax/Accountant Expert
Does anyone have any experience with self-directed IRA and the process to move money and properties out of them?