Brian Plajer
Tax/financial planning services
Hello, I'm an investor, less than five properties and growing. I have heard several podcasts about the importance of a solid tax strategy. My current tax preparer does not seem to offer much of a strategy with regard...
Nick Scalero
Self-Directed IRA questions
I'm considering a self-directed IRA but have a few questions.
First, If I purchase a house outright how do I calculate ROI? Is it simply (Monthly Income - Expenses) * 12 / Purchase Price?
Second, since I pay Taxes,...
Adriana Vergara
Should I pay debt with my IRA? or should I invest the IRA?
Hello ALl! first post here... My name is Adriana Vergara, I´m 35, single, no kids. Journalist background (worked in CNN for 8 years) I Now I have a soccer school in Atlanta GA, and also I became an apprentice in real ...
Tyler Henfling
Cash reserves and taxation
When putting together our first multifamily deal, we built in a cash reserve to be used over a five-year hold for such things like capital improvements and unit upgrades. We don't anticipate using all this money in ye...
Daniel Miller
Questions about trust conversion (on death of trustor)
I am beneficiary on my father's living trust. We are in California.He just passed away today, so I'm beginning the process of transferring assets from his trust to my accounts (which is what the trust says I should d...
Muks M.
Cash Payment to Contractor
I will be signing a contract with contractor tomorrow for home repairs prior to renting (hoping I can find tenant by Feb 1). Couple of questions:1. Is paying by cash a good idea for ~$2000 repairs as the contractor is...
Jim West
Sole proprietor wants to put more in IRAs
Hi all,Just found this site and am very anxious to explore all it has to offer. I have a quick tax/IRA question. My wife and I own a 4 unit building that we reside in. We are both also self-employed in separate busine...
Puri Indah
Buying Duplex, Selling 1 Unit
Hello BP'ers,I have a few questions and hoping you could give me some of the answers, if not all:Scenario:Selling a rental property for $1,200,000 and thinking of 1031 exchange it to a duplex at $2,500,000.Questions:
...
David Benton
Seller 1031 holding a note
The seller is doing a 1031 on a property I'm buying. Can he do seller financing on a part of the purchase and still do the 1031 with the cash received? Is the note balance considered boot?
Alex Billips
Questions about moving my current 401(k) to a solo 401(k)
I have a 401k at my current job. I’m wondering if I can change it to a Solo 401k with checkbook control and then use the funds to invest in single or multi family rental properties that I am the sole owner of. I also ...