Just a quick, last-minute reminder... If your IRA owns mortgage-leveraged real estate, you owe UBIT. If your IRA or 401(k) owns an active business structured as a pass through entity (such as an LLC or partnership), you owe UBIT. If your 401(k) owns mortgage-leveraged real estate AND the … [Read more...] about Tax Return for UBIT – Does your retirement plan own leveraged real estate or an active business?
Three years ago real estate investing was hot. Today, many people act as if the opportunity has passed. I contend that the opposite is true. In the past, as a mortgage banker focused on originating mortgages for investment properties, I started listening to and learning from my real estate investor … [Read more...] about How to profit from real estate investments in a soft and declining real estate market
Although the House rejected the recent $700 billion bailout, there is plenty of bailing out that has already happened, and there is more to come. Already: $80 billion injected into failed AIG IndyMac bank taken over by FDIC Bank of America bought Merrill Lynch for $50 billion - 70% over its … [Read more...] about Who will bail out the government?
This question is on the minds of millions of Americans. I know exactly how to recover your losses: get out of the U.S. stock market and recoup your losses elsewhere. S&P 500 loses 28% in one year The sales pitch of securities salesman is that the stock market goes up around 8% or 9% per year … [Read more...] about Is this the bottom? How to recover your stock market losses
If you talk to the average CPA, he'll tell you that UBIT is the boogeyman and is to be avoided... always. Discussing this topic with an above average CPA (such as Eric Wikstrom of Integrated Wealth Strategies) yields different advice. The Two Types of UBIT Triggered from a trade or business - if a … [Read more...] about Unrelated Business Income Tax – UBIT for Solo 401(k) & IRA accounts
While I generally avoid mutual funds like the plague, I don't avoid the stock market altogether. I'll split what I do in the stock market into two categories: long and short. Either way, I'm honest with myself in admitting that no matter what I do in the stock market, it will be speculative and … [Read more...] about Self Honesty: Stock Market Strategies Worth Considering
Do you have an IRA/401k-owned investment property that has a mortgage and negative cash flow? Something I've been running into lately is Self Directed plan investors who speculatively bought a house or condo in previously hot markets (think Vegas, Florida, Phoenix, etc). Some of these areas have … [Read more...] about Loaning money to your IRA/401(k)
I ran across a site advertised on Google today - www.coloradodeedsoftrust.com - run by a company called Fairpointe. This post is just my initial opinion from reviewing their web site. I haven't spoken with or met these people or anyone who has done business with them. Once I have I will post an … [Read more...] about Grading Promoters – Fairpointe… B