All Forum Posts by: Kevin Hayes

Thank you BiggerPockets for offering the Creative Financing Bootcamp with Pace Morby.  Pace brings a new fresh approach to the teaching of real estate.  Enjoyed my first live session and look forward to the next nine weeks of ultimate value.

Thank you Basit.

Thank you Dmitriy.

Thank you Taylor for your advice.  In regards to lending, are you referring to non-performing notes and hard money lending?

Thank you Dmitriy for your advice. I am over 59 1/2 so there is no early withdrawal penalty. I wish I had started a Roth account when they had become available. Since my funds are in a tax deferred IRA, I believe transferring my cash to a Solo 401k is my best option and I understand that I could rollover my real estate income generated in the Solo 401k to a Roth conversion with the understanding the five year hold clock would start at the time of deposit to the Roth account. I was wondering if there were any other vehicles that would be more advantageous than the Solo 401k for investing in real estate.

I have cash sitting in a tax deferred IRA account. I am looking for alternative tax strategies to use in investing these funds for real estate investing. I realize by taking a cash distribution it would be considered as income and I would be taxed a minimum of 20% if not higher depending of my tax bracket for that year. I could have a Solo 401k account set up and have my funds transferred to it but I would not be able to utilize depreciation expense like I would be able to outside the account Any advice would be greatly appreciated.