• Opportunity Zones for Real Estate Strategies (Explained)
    Articles,  Blog

    Opportunity Zones for Real Estate Strategies (Explained)

    (ethereal music) – [Toby Mathis] Alright, what’s the advantages of becoming an Opportunity Zone business? You want to hit this? – Go ahead instance. – [Toby] Or I can hit this all day long. This is crazy so… Here’s the deal, with the Opportunity Zone, the Tax Cutting– – [Both] Jobs Act. – [Toby] The TCJA, I’ll just call it the Trump Tax Act. So is it too late to issue a 1099 or not? Someone just asked. It’s not too late, but I probably wouldn’t for 2018. You are late you’re going to pay a penalty. And it depends on who it is too. If it’s a large amount,…

  • How to Invest in Real Estate with Your Retirement IRA or 401K (Roll Over 401k to IRA?)
    Articles,  Blog

    How to Invest in Real Estate with Your Retirement IRA or 401K (Roll Over 401k to IRA?)

    (upbeat music) – [Toby Mathis] Can I roll over my 401k to a self-directed IRA to invest in real estate? The answer is, absolutely. However, do you really want to? Because, depending on the 401k, again there’s two types. There’s multi-employee plans, where’s it’s an employer and they have lots of employees in it and there’s restrictions on what kinds of investments you do, and then there’s the Solo 401k that you control. And honestly, you’re better off using that 401k for the investment in real estate if that’s what you’re doing because you don’t need a custodian. You can sign your own closing docs. You don’t have unrelated debt…

  • Selling Rental Property and Taxes (Investment Property Depreciation Recapture?)
    Articles,  Blog

    Selling Rental Property and Taxes (Investment Property Depreciation Recapture?)

    (lively music) – [Toby Mathis] Right, if I lived in a home for several years but moved out 10 years ago and made it into a rental, what are my tax options if I sell it? Do you want to whack this one, too? – [Jeff Webb] Well, your only tax option is going to be to recognize capital gain or capital loss on the sale of your home. Since you’ve been out of it for 10 years, you’re not entitled to the $500,000 personal home exclusion. So you’re going to have to just treat it as the sale of an investment. – [Toby] It’s an investment property. Here’s the…