James Sedano
IRA withdrawal to fund investment properties, can a cost seg help to reduce tax bill?
Hi all,
As titled.. I did a IRA withdrawal of 300k to buy 2 condos in May/June 2024.
I didn’t paid the 10% penalty fee.
I’m not currently working so my income is basically the 300k + (28k gross or 15k net) from a...
Salvatore Spano
BOI (Beneficial ownership information)
Are some LLCs exempt from submitting this info? In particular, sole proprietorships? Does anybody know? Thanks.
Michael Plaks
Syndication losses against active income
Posting my response to a client's question, in order to get my colleagues input on this issue.Q: I have an investor who is actively investing in real estate on their own & have no f/t job. So spending enough time ...
Curtis C.
$100,000 To Invest in DFW- 1 rental, or grow pile of money with Flips
Hello Everyone,
I am contemplating between 2 strategies right now for $100,000 cash I have to invest. I do not want to leverage any property. I like to sleep easy at night and not rest on a house of cards. The 2 stra...
Aaron Moayed
Have You Ever Been Able to Depreciate to the Full Amount?
Has anyone actually made enough cash flow to use their property depreciation?
Shanna Warren
Buy my own ome first or a rental property
Hello,I live in the San Francisco bay area and my question is if you have the capital would you buy your home first or would you buy a rental property first in the bay area? Our goal is eventually have several rental...
Devin C.
Using fha loan at 3.5 % down then after repairs, cashing out the equity for investment?
Hey everyone, so I'm not sure if this is possible or not, but I figured this would be the best place to ask. Right now I believe the only way I can obtain a loan for a mortgage is to get an fha loan. But they require ...
Wiley Hood
Are DIY cost segregations a good idea?
Recently, I've decided to do a cost segregation study on a new $490K property that I purchased this year. I came across a firm (KBKG) that offers a $400 DIY cost study (paying for a membership). I enter the informat...
Remona Castle
Yikes, Am I in over my head??...Any suggestions to save this deal
I acquired an off market property a couple of months ago. Its a SF home, 3/2/2, 2700 sq ft on a large corner lot (3/4 acres). Loads of potential. Estimates from two different GCs showed rehab cost at more than twice w...
Elizabeth Lark
Using a Self Directed IRA or Solo 401K to Buy & Hold
I have a solo 401K. From what I understand; I can use the account to purchase properties so long as I use a non-recourse loan as I am not allowed to personally guarantee a loan using the account. I'd love to know if a...