Make sure that there hasn't been an eviction or Ellis Act that can harm the condo conversion.

Hey Everyone, I was thinking about doing TIC conversions outside of San Francisco, but I barely see any TIC's outside of SF (i.e.

I'm not saying this to say anything negative against your specific deal, you, or the idea of padsplit in general, we just saw something very similar happen with furnished mid term rentals and short term rentals and we've had a lot of conversations with owners the past 1-2 years about taking their short term rentals back to traditional rentals because it just didn't make sense anymore. 

What companies do u recommend for an IRA to a Roth conversion?

When you do a Roth conversion, the tax is figured using your personal income tax bracket for the year.

There was a real estate agent on the east coast that was a solid agent, and started getting into doing some condo conversions a little bit and then raised a fund.

Since the REP status allows the K-1 losses to be treated as non-passive, it could be deducted against the ROTH conversion related income, I think? 

The garage conversion was mainly started to create a space for me to live so I can rent out the main house so I am not carrying the mortgage alone and don’t have to resort to renting and paying someone else’s mortgage.I do however hope that property values in this area will increase over time as I see a lot of growth in my area and diverse quality of housing on my street and surrounding streets. 

Bear in mind that all Roth Conversions have their own separate 5 year rule with the start date being Jan 1 of the year the conversion was made.

Are there legal considerations I should be aware of before even starting this conversation?