All Forum Posts by: Peter Thielemann

@Dmitriy Fomichenko, looks like pulling the money and buying a property personally is a better way to go. Less than 30 to 40% down and easier to get financing. With possibly doing a cost segregation to offset the tax liability. Refinance in 6 months to a year pulling the down pmt out and do it again. What do you think?

@Dmitriy Fomichenko thank you, another question. Moving money from a 401K to a traditional IRA. Say 25% for the down payment and an additional 10K for rental incidentals/ expenses. Then taking a distribution of 25% for down pmt and doing a cost segregation to offset the taxes with no penalties for being over 59 1/2. How's that so far? My next guess is the income from the rental would be taxable and that income could be somewhat offset with expenses incurred from the rental.

@Peter Thielemann, question. Moving $ from a 401K to a traditional IRA and using the $ for a down pmt (25%) on rental property. If $'s go back into the IRA and could you withdraw from the IRA if in a state with no tax on retirement monies. Would the taxes be avoided? Would there be RMD's on the IRA?. Or take a distribution from the 401K for the down pmt (25%,and being over 59 1/2 no penalties) the income on the rental would be taxable?

@Prag Patel thank you Prag, I will discuss this with my CPA and reach out to your team as well.

@Dennis Tierney, thank you, I will contact my CPA with that question.

@Peter Thielemann* depreciation

@Peter Thielemann* depreciation

@Dennis Tierney question on bonus depreciation. Does that mean you take several years of depreciation all at once? And is it worth losing years of appreciation in the long run?

@Dennis Tierney question regarding cost segregation cost. I'm finding cost segregation between 10K and 25K . Is the cost segregation a tax write-off? If the down pmt is 50K/25% and a cost segregation in the middle ie 15K. Savings would be 10K and moving money out of my 401k without paying taxes. Another question, the income from the rental then would be passive cash flow and would be subject to normal taxes. Still new at this endeavor not sure what other questions to ask.

@Dennis Tierney question regarding cost segregation cost. I'm finding cost segregation between 10K and 25K . Is the cost segregation a tax write-off? If the down pmt is 50K/25% and a cost segregation in the middle ie 15K. Savings would be 10K and moving money out of my 401k without paying taxes. Another question, the income from the rental then would be passive cash flow and would be subject to normal taxes. Still new at this endeavor not sure what other questions to ask.