Does anyone currently use this medium for their Ira? I've been getting some conflicting information about the "checkbook" approach.
Thanks
In my search for private money , I have heard there people use SDIRAs to fund real estate investments and be in the first position.I wanted to know what are the pros and cons of using SDIRAs for fund Real estate?
If I pay a contractor for work performed should he give me a receipt or do I 1099 him? He uses his own tools and I give no training or anything. Thanks
I understand that IRA loans need to be non-recourse. I talked to a commerical RE lender who does the Freddie Mac Commercial loans and his sample loan doc has the following language:Non-recourse to Borrower and Guarant...
Hi all,I've read that Airbnb and VRBO hosts fees are tax deductible. I've found out how I can look up the host fees I've paid last year on Airbnb, but does any one know how to find that out on VRBO?Other than cleaning...
After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):
REAL Red Flags That Matter:
The Partner Complaint Trigger
Disgruntled partner files Form 8082K-1 dispu...
I always see discussions where investors ask about creating an LLC for their business.How come people never discuss S-Corps? Are they not common in the World of REI?I currently own several S-Corps in other industries ...
Is depreciation part of the calculation to determine whenther a property is rented for profit or not ? The IRS says a profit exists if "your rental income is more than your rental expenses" -- but is depreciation con...
Hello Everyone,A few months ago I entered into the whole world of investing in Rentals and because I want to have more than just 2-3 properties in my portfolio in the next years, I decided to establish an LLC.I establ...
Hello BP Friends, Can we do a 1031 exchange on an investment property we bought 9 months ago? Is there a tax implication? What are the things we should be aware of when performing a 1031 exchange? Please educate.