Account Closed
selling and reviewing escrow fees
I am selling a condo in San Diego and will be going over the estimated escrow statement this afternoon. I know there are bunch of line items and I will have to familiarize myself with the closing costs. Asking for s...
Teresa Wang
Turning a rental into 2 primary residences
I have a client who owns property and is renting it out. Meanwhile, she is renting another property as her primary residence.Now she wants to sell her property, end her lease, and use the proceeds to help her son buy ...
DJ Brooks
Deferring taxes if 1031 doesn't work
I have a tax question. I have a financial advisor friend who said he can defer taxes (similar to 1031) from real estate proceeds into a charitable remainder trust or CRT. First, does anyone know if that is true? Now i...
Sam Liberow
Syndication Tax Question
Hello,
Some clients have been interested in investing in a syndication deal using their self directed IRA funds. When discussing it, the following came up that I’m very curious about.
If I’m a general partner/spons...
Daniel Dietz
UDFI Taxes in SDIRA if Negative Cash Flow Each Year?
Hello All, I am hoping maybe @Dmitry Formichenko, @Brian Eastman or @Steven Hamilton II might be able to give their input here :-) I have been investing with my SDIRA for some time and grasp most of the concepts of th...
Julio Gonzalez
Are You Taking Advantage of This Real Estate Tax Incentive?
What is a Qualified Opportunity Zone (QOZ)?
A QOZ is an economically-distressed community where if certain conditions are met, it may result in deferment of capital gains tax for investors. This tax incentive is part...
Matt Y.
CA Capitol Gains
So, I'm sure that this is going to reveal my "newb-ness" but I'm told there are no stupid questions. I thought we're in the trust nest, are we not?
As far as I know, in CA you must live in a purchase as your ...
Daniel E.
Year-End Reflection after 1st Year of FIRE + How I Got Here
Glad 2020 is over and I hope 2021 is better for everyone suffering around the world.
My Story Highlights:
I attribute reaching FI at 30 to a lot of cumulative efforts that stacked.The primary effort that let me ...
Daniel E.
Year-End Reflection after 1st Year of FIRE - How I Got There
Glad 2020 is over and I hope 2021 is better for everyone suffering around the world.
My Story Highlights:
I attribute reaching FI at 30 to a lot of cumulative efforts that stacked.The primary effort that let me ...
Luca Mastrangelo
Should I sell my 2 family?
hi all. Looking for some insight on my situation. I own a 2 family unit in CT and recently relocated to MA. I'm considering selling. I currently owe $150k on the property. Sale price was $229 and it wld sell for somew...