John Smith
Tax Preparation Advice
What's the most cost-effective way to prepare taxes for a basic partnership? I started an LLC with 6 partners with the purpose of constructing a home and selling it in NY State. The LLC has incurred only expenses thu...
Kyle MacDonald
Removal of FHA Self Sufficiency Test?
I read an article recently about how Fannie Mae was increasing the LTV for 2-4 multifamily to 95% and the self-sufficiency rule would be eliminated. Is this true? I didn't see anything about this in the updated sellin...
Pat McCandless
Self-directed IRA
When using a self directed IRA as a down payment on a rental property, I'm understanding that any cash flow can't be touched for personal use (if that's not the case please chime in). What happens then if you wanted t...
Linda S.
Traditional IRA or mutual/index funds first?
Let's say one has savings in both their traditional IRA and mutual/index funds. Which one should they tap into first to fund their investment properties?
Oscar Tol
FHA in San Diego for more than 3-4 units
Has anyone used an FHA loan for anything larger than a duplex in San Diego? I’m trying to find a multi family to house hack but I heard you are not allowed to used FHA for 3-4 units in San Diego, only duplex.Thanks!
Daniel Miller
Houston Investors! Why is this Self-Storage Facility still on the market?
246 UNIT - STORE 4 CHEAP
6400 Eastex Freeway
Houston, TX 77026
It is currently listed by M&M. I understand that the expressway separates the facility from the traffic flow right in front of it...
Kyle Davis
Hire management company, or no?
Those of you out there that are local investors in small multifamily, do you prefer to self manage or hire a management company?
There is a seemingly very reputable company in my town and I'm considering turning mana...
William Hull
Is Your IRA-Owned Business Entity a “Sitting Duck” for Lawsuits?
Self-directed individual retirement accounts are good ways to save for retirement with assets such as real estate or precious metals. Conventional IRAs usually only service assets such as stocks, mutual funds, and CDs...
John Doyle
Can I use rental income to fund solo 401k? SEP-IRA?
I love maxing out our tax-advantaged accounts (my 401k at work and Roth IRAs for my wife and myself). Usually we have a few thousand dollars each year to invest after we max out these accounts (and it usually just go...
Nick Koukidis
Self-employed and financing
Hello all,I am a self employed contractor in CT. I have been running the family business for 16 of its 35 year history. It amazes me that if i wanted to go to a bank and ask for a loan for a piece of hard equipment th...