All Forum Posts by: Maggie H.

@George P. thank you!

@J. Martin Thanks a lot for the tips and the welcome. It's great to feel that I'm a part of this community already! I look forward to learning from you and the countless others here on BP. One day, maybe I can pay it forward!

@Mike Simmons thank you for the friendly welcome. There's a big difference between what I've learned while lurking for the two months I've been a member and the more specific advice I'll be capable of receiving as I open myself up in the forums. Hopefully, at some point, I'll have some input for the newbies coming up behind me!

My husband has always been very secretive about the two items above, but I believe he has a self directed IRA and most of his retirement is in stocks. He use to talk about changing his stocks to cash when he had an inkling of a downturn. It worked quite well for him, especially in 2008! I'm expecting to receive a pretty good sized lump sum along with a nice alimony check every month. Should I transfer the lump sum to a not yet created LLC, so I can begin investing in RE and not have to pay large penalties and tax bills? Or is there another strategy? Any help would be appreciated. I hope to speak to an accountant, but not sure how to find an investor friendly one.

Thank you for the warm welcome both of you!

I joined BP a couple of months ago and have been reading a lot of articles and forum posts, along with listening to some terrific podcasts. I'm grateful for what I've learned already. I purchased a single family ranch in 1996, then became a landlord in 2001 when I met my husband. I can't start investing again, because I'm in the middle of a divorce, but am hoping to get some advice and more of an education. I know I can get that here at BP! I expect to move back to Upstate NY when all is said and done. Is this TMI? LOL