All Forum Posts by: Aaron Zimmerman

I can echo a lot of what’s been said here on a variety of levels. Working as a CPA firm that feels very short staffed and has too much for the staff, it can be challenging to get back to all the requests in a timely fashion. I think there has been a widespread burnout from this years busy season and the cumulative amount of changes over the last 5 years. This can make many tasks such as a simple question from a client feel like a chore. 
That being said, we do understand our duty to the clients and typically get back within one or two business days with a response. Poor service is unacceptable but I also echo the above comments as well. 

As a CPA, have definitely heard of the strategy but I think the tax benefits are too great to not own in an entity that is not already tax advantaged. Taking a loan out of a 401(k) can be a good idea, provided your return will be greater.

Self directed IRAs are good for real estate notes. 

Definitely a lot of rules associated with this so be sure to discuss with your CPA and self directed IRA team about what you can and cannot do.

I have a contact but not 100% sure if he does mixed use. Feel free to PM if you'd like the name. Thank you!

Giedre- feel free to PM and let me know if I can provide any value to you. Happy to talk after 4/18!

@John Warren Thanks for the mention. @Svend W. Please reach out if you'd like to chat. 

Thanks for the recommendation, Jonathan! Julie- feel free to PM if you'd like to talk. 

@John Warren Thanks for the referral! 

@@Sam Clemons, feel free to reach out and PM me if you're interested in discussing further.

@Jonathan Klemm Thanks for the shoutout. @John Moore Please PM if you'd like to discuss further. 

@Jonathan Klemm Thanks for the shoutout. Happy to help in any way that I can. Please PM me if you are interested and we can take it from there!

You would need to figure out your basis in the house (this would include all costs to build the house, obtain the land, etc). Then, your sales price - basis would be your gain. To me, this seems like more of a flip.