22 September 2018 | 5 replies
@Gregory A.A 10% early withdrawal penalty will apply to the portion of withdrawalsfrom your Roth TSP that are attributable to earnings if you separate from your federal job before the year in which you turn 55.Contributions should be penalty and tax free.
15 August 2018 | 8 replies
Rental income and interest from loans made by the IRA to others are fully tax sheltered.If debt-financing such as a mortgage is used, the debt must be non-recourse and the use of debt does create a small tax liability on the portion of the income attributed to the non-IRA (borrowed) money.
11 August 2018 | 5 replies
Often sellers feel comfortable marketing their home and discussing its attributes - but get lost when it comes to the paperwork.
6 September 2018 | 28 replies
In the present case, the transient rentals of petitioners' property likewise entailed sufficient activities to constitute a trade or business, and while these activities were conducted by B'Mae's, they are attributable to petitioners for purposes of determining whether petitioners were engaged in a tradeor business.”Again, that the taxpayer was “passive” did not matter.
28 February 2019 | 3 replies
If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.
17 March 2019 | 9 replies
If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.
8 April 2019 | 15 replies
If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.
3 March 2019 | 3 replies
I think if most flippers are honest (10-years later looking back), they'd prefer to still own those homes as cash-flow positive rentals.I don't remember where I heard it (so I'll attribute it to MLK or Abraham Lincoln, maybe Warren Buffet) - "You can get rich flipping houses, but you get wealthy keeping them as rentals".
7 March 2019 | 18 replies
Hi Manu,With a six-unit property, and assuming the other attributes meet the constraints of the loan program, you may want to look into the Freddie Mac Small Balance Program ("Freddie SBL").
6 September 2018 | 3 replies
., they force coverage on you instead of tailoring the coverages around your unique situation)Only represent one insurance company (no single insurance company can offer the right policy, at the right price for all situations)Their process for getting a quote is difficult and cumbersomeTheir underwriters/inspectors seem to always find a problem with a propertyIf you spot these warning signs, you should search for an insurance agent with these attributes: Have a depth of knowledge gained through years of experience working with real estate investors like yourselfHave a unique consultation process specifically crafted for working with REIsHave access to a minimum of 50 insurance companiesWork with a large independent insurance agency or group (the larger the agency, the more leverage they have with insurance premiums and claim settlements).