Account Closed
401K Conversion to Roth
Last year I converted an old 401k of mine into a Self Directed 401k and used that to buy and refurbish a few properties and now the monthly income is very nice and I sleep at night knowing I'm not overly reliant on th...
Konrad L.
MF Insurance: Actual Value vs. Replacement Value Opinions
Hello Everyone,I will be closing on my first MF investment property in about two weeks. One of the things left is to pick out homeowner's insurance. I've been shopping around and have gotten different quotes for Rep...
Carl Fischer
Last minute tax moves for new bill
Quick take on new tax bill-if possible defer income to 2018. Pay deductions in 2017. My first move!Lower tax brackets in 2018- less deductions available in 2018 compared to 2017. Example: Florida allows you to pay pro...
Sara H.
My rental property is a money pit!
I bought a triplex in 2006 with plans of flipping it. I wasn't able to do it quickly enough before the market bubbled. So I've tried to set it up as much as possible. I was advised to set up an LLC to run the property...
Tyler Kavan
What are rental write offs?
Hello All,
I am closing on my first rental property this week and am extremely excited to get started. I am trying to prepare as best as I can before closing to get everything setup as needed. Once the property is mi...
Kaitlin Neary
Short Term Rental Bonus Depreciation for high income earner
Hello all! We are relatively new at real estate investing, and are looking for ways to still secure properties in 2021 and benefit from a tax standpoint. We do not currently have REPS, therefore had heard a good way t...
Justin Hennig
Can an owner 1031 exchange a contract for deed?
Probably an ignorant sounding question:
Can a property owner 1031 exchange out of a contract for deed once the contract is fulfilled?
I'm talking about buying to The Owner of an apartment building who owns it fr...
Zach Tarwater
401k withdrawal, cares act, overnight rental
Will loss of rental income from my overnight rental qualify me for the penalty free 401k distribution? I had two or three months of less than average rentals and one month of no rentals due to Covid travel restrictio...
Kalen Adamson
moving capital from stocks/ETFs or shares into real-estate
Hello, I'm new on the forum, so not sure if this is the right place to post this. I have an LLC that I'm looking to purchase some real estate with, but I might finance the real estate with some money that I currently ...
Paigow Chan
Insurance policy
After reading the good old thread (LLC vs Umbrella Insurance), went ahead to buy the umbrella insurance policy for now. May consider LLC if I have more rentals later.
I want to share my rate with you guys because I t...