Jason Lam
Refinance Depreciation items
I work in finance and do my own taxes as its normally pretty straight forward. I did however just refinance an investment property to take advantage of the lower rates. I understand underwriting fees, title fees, reco...
Simon Stahl
California LLC taxes explained
HiI have formed an LLC in California. I did this because I will need an LLC to be able to get a loan from my HM lender. Filing date was July 14th 2016, but so far I have not done anything with it. I am the only member...
Jermaine Chad Ingram
Tax liens, TDA, to build for lease to owner financing
So in the first example, it is certificate number 2626. And I bought the liens on 9/9/2017. My intention was to hold the liens until redemption, collecting the 18% interest.
Not long after, I became excited by th...
Karen C.
401k to Self-Directed IRA
Hi everyone! I have a 401k from a previous employer that I would like to transfer to a self-directed IRA instead of my new employer's 401k plan. My hope is to be able to invest in syndication opportunities. I do have ...
Aaron Hunt
First Purchase - Closing Costs
Hey Guys,
Really appreciate any responses and guidance here.
This is my first investment purchase, property is in Livermore California, and we are in closing. As I type this, I am reviewing the disclosures from...
Zach Quick
Selling property in IRA with portion as ‘Blue Sky’
A property owner owns a property/business in their self directed IRA. If they are going to sell, are there any issues in regards to the IRA if some of the total purchase price is allocated towards ‘blue sky’, ‘reputa...
Jeff Jennings
Buying at auctions...
I've been looking at picking up houses through the auction sites (Hubzu, Auction.com, etc) and I know that as the buyer I will be responsible for closing costs. But if I'm using private money to fund it as a "cash dea...
Kanwar Sodhi
Popular Rule of Thumb for closing cost?
Hello real estate professionals, do you guys have a rule of thumb for closing costs? I was thinking 5% of sale price, please advise otherwise. Thank you
Aviv Berkovitch
DTI calculation - for conventional mortgages
Hi everyone, As I understand, every time that I purchase a rental property, after it rented, and I want to purchase the next property. The bank can take 75% from the income of the first property and if it covers the (...
Glen Rosen
condos in Miami
Hello,
I know that most people say SFR are the way to go, but I have some questions on condos in Miami. I see what appear to be nice condos in Miami, on Trulia.com, that are one bedrooms selling for about $100,000. Wh...