Investment Info:
Single-family residence fix & flip investment.
Purchase price: $121,000
Cash invested: $114,000
Sale price: $330,000
This was my first fix & flip! After running my numbe...
Good afternoon. My CPA has raised concerns about two properties I may be selling and I'm hoping someone may be able to shed some light on the situation. Approximately one year ago, we purchased an old golf course wi...
Hello, BP forums. My husband and I are just getting started investing with a self-directed IRA. We are looking to purchase rental properties out of state. We have one LLC currently setup that is being used for one inv...
should i make improvements before i take a rental out of my roth ira
I'm back again with another tax question for the CPAs here. I'm under contract for a 4 plex for $320K. I don't have the 20% downpayment, so the bank is financing me a $100K commercial line of credit against a rental t...
I found a nice wholesale property. I want to make a move. But now what? Even after books, podcasts, and meetups I still feel like I don't know how to take that first leap. So here's a little background about me: I'm p...
Question: Can a partner, using their own personal funds, who is on title as tenants in common with a partner that used SDIRA money to fund a rental property, manage and maintain the property for a fee? (Partner is lic...
I have a 401k from an old job that I am trying to gain access to for investing. The amount is roughly 24k. If I stay in the W2 workforce I will retire in 30+ years. Since I no longer work for that job, I am no longer ...
I am new to this so any advice would be helpful. I have set up a Self-Directed IRA and funded it through Advanta in Atlanta. I am required to set up an LLC in order to fund the LLC to make purchases for the IRA. Origi...
Hi all! I am reaching out the this community on a specific topic – DIY closed/Private OZ funds.
If
there is anyone currently involved in or researched the Opportunity
Zone Fund process to benefit from incentive...