Rj Balch
Quitclaim into a QOF?
I just sold a property and have capital gains I'd like to start a Qualified Opportunity Fund with. A couple months ago, I bough a property in an Opportunity Zone that would be a great asset for the fund (needs lots of...
Account Closed
Paying Out Investors On A Flip
I know there is no universal way of structuring flips, but how do you normally pay out your investors for a flip? Duration 6-12 months. Raising $365,000. Am putting in $75,000 of my own money. Do you pay out an annual...
Bob Willis
Use of property purchased using 1031 funds
Hey All - I currently live in Nebraska. I own a couple of properties in Arizona that were purchased using 1031 funds and are being used as rentals (one LTR, one STR). I have held both for a number of years. My wife an...
Nick Reynolds
Should I sell to have capital to flip or?
Hi everyone,My name is Nick. I'm new to this website but can see that the networking and information on this site can be very beneficial to all. I'm a 25 year old male from Rochester, Minnesota that is going to get in...
Jimmy Wellman
I'd like more specificity about the ROI on an average flip. Can you help?
I've looked online for some information about the average % of the final home price vs. the price you purchase the home for and found that the home should be purchased for 70% of your home's final sale price. However...
Heather Gipson
Solo 401K and 401K Roth sub-account
Hello all - I am looking to transfer my IRA's from a brokerage firm into a SD 401K with checkbook control. Currently 5% of my accounts are 'cash' and 95% are Traditional IRA's. I'm wondering if I should put the 5% i...
Account Closed
Softening the Tax Blow of Early 401(k) Withdrawal for REI?
This is more of an Accounting question but the REI aspect of it does warrant discussion IMHO. I have a sizeable 401(k) that I would like to take a distribution on so that I can use it as after tax dollars in order to ...
Jorge Abreu
Tax Advantages of Multifamily Real Estate
Let’s look at the great tax advantages of investing in multifamily real estate. These benefits fall into five main categories – Depreciation, Cost-Segregation, Passive Income Tax Treatment, 1031 Like-Kind Exchanges, a...
Vasudev Kirs
Question about security deposit and business account
My tenant will be transferring security deposit into my business account. Are there any restrictions on whether I can use it for other expenses or should they stay in that account? Below are the laws from my state re...
Scott Kelley
Sold my house, need help with 1031 rules
Hi all, I have some questions about using the 1031 like kind exchange to avoid some of the taxes I could incur.I closed on my first home a week ago. I lived in that house as my primary residence for 15 years. I have...