All Forum Posts by: Jeff Thompson

i was just informed by my CPA that i cannot write off expenses that incurred against my rental property when you make over 100k?  is this tru

Dear Bigger Pockets Friends,

I have a self directed IRA from Pensco which was formed when i was a passive investor on a multifamily deal. Since then we sold the property but I have left the money in the IRA and would like clarification if anyone uses this for single family? I unclear on two things. Does all the cashflow return back into the IRA and will I have to pay taxes on the cash flow taxable within the year it is generated or not until i take it out?

Thanks, 

Jeff

I am still a newbie learning along the way but i need to replace a roof on one of my two properties.  Can someone guide me on how much i can depreciate and over what period of time?  

Thanks so much! 

Brandon, 

I would sincerely appreciate a copy of the contract also.

Can someone tell me where do i find a wholesale agreement that i can use when i find a motivated seller.  Also, what is the time period usually allowed to let me sell the property? Is there a website i can get other contracts or should i contact a real estate attorney? 

Thanks, 

Jeff Thompson - Houston