I am planning on investing into a real estate development LLC as a non managing member for the prospective development of a 90+ unit senior housing project. The returns and distributions are excellent (2.0 multiple) ...
Greetings All ~ Thank you in advance for any support with this. I've been looking for a 3-4 unit multi-family to purchase with an FHA loan (or FHA203 if needed). While searching, I found a 5-unit property that is of...
The SECURE Act now allows for 529 Plan funds to be used to pay up to $10K of student loans.
Open a 529Contribute $10K and take a state tax deduction. Most states. Distribute funds to pay off $10K of student loans. D...
Along with creating an LLC entity and creating a "Certificate of Organization", you need to have an "Operating Agreement".Attached below is a redacted copy. Virtually anything can be written in to this agreement. Wh...
In preparation to become a real estate investor, the most essential step to take is establishing your investment goals.
What do you want investing to do for your life? Are you in pursuit of passive income to match y...
I am a limited partner in a non real estate business. Can I offset my Limited partnership income or a K-1 distribution income with my suspended rental property losses.
Hello,
Last SDIRA question for a while :lol:
I read this on another website;
Due to conflicts of interest, neither you nor a close relative can live in the home now, as this would be considered a prohibited transac...
So I and 2 friends created a TX LLC for the purpose of meeting a $100k minimum to join as Limited Partners of an LLC that bought a multi-million dollar, 200 unit apartment complex in Atlanta Georgia. We did this in F...
I am debating on setting up an LLC for holding my Wisconsin property. I am Looking at getting my second property sometime in the near future. I have read that Wisconsin has a watered down version of the Series LLC l...
I'm curious to know which sponsors have been paying out distributions during this pandemic. If you’re a limited partner and your sponsor has not been paying distributions, what are your thoughts? If you are a limited ...