All Forum Posts by: Matt F.

So I ordered the ultimate book package. I was very interested in reading this. Greene’s charismatic attitude makes the podcast. His strategies have helped me be where I’m at today with real estate investing. That being said I listen to audiobooks while traveling for work. Dude who did you hire for a narrator. He’s missing everything you bring to the show. No emotion. No charisma. No enthusiasm. Legit straight up boring. Took 3 mins to turn it off. Also syncing to iTunes is a royals pain in the butt. The chapters no matter what stay out of order. You’d think for 50 bucks you could have streamlined this like Brandon turners in a try audiobook. Don’t want to sound like a douche but how can I apply for a refund and just get the paper copy.

Hi Adam, I was wondering what you thought of the PowerPoint? How many slides is it? Can you see it be useful?

Thank you!

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Originally posted by @Ashish Acharya:

Originally posted by @Matt F.:

Hello, my Dad is interested in understanding and identifying the best way for him to leave his house to me, while minimizing taxes.

Generally, what are some the ways this could be handled and the relevant considerations to be aware of.

Why does he want to transfer the house now.

Depending on the appreciation, you should inherit the asset rather than transfer before him passing away.

Inheritance will generally wipe out all the gain as you will get the step up basis for the tax purpose. So, if you sell the property the very next day after inheritance, there will be zero tax.

If he transfers/gifts the property before death, you will get his old basis in the house. Thus, you will pay massive tax if appreciation is high.

Thank you for your comments. To clarify, it doesn’t have to be now. Timing would be dictated by best path forward.

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Hello, my Dad is interested in understanding and identifying the best way for him to leave his house to me, while minimizing taxes.

Generally, what are some the ways this could be handled and the relevant considerations to be aware of.

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@Sean Autry thank you, that’s helpful perspective!

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@Brian Eastman thank you for your response, that's very helpful! As I think about it, if my goal is to build passive income that allows me to step away from my 9-to-5 corporate job, the 401K/IRA funded approach wouldn't allow for that since the rental income stays inside the fund. But if I wanted to grow my retirement accounts quicker/larger over time, then, perfect.

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Thank you @Account Closed. Would it be possible to BRRRR using a Self-Directed 401K/IRA? (Sorry if this is a dumb question, I'm in the learning process. Thank you.)

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Hello, I am trying to understand whether or not it's possible the use funds from a 401K and/or Roth IRA to invest in a local multifamily unit? If yes, how does it work, and what are the key considerations in deciding whether it's advisable to do that?

Thank you for your help,
Matt

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Originally posted by @Jaysen Medhurst:

@Jeremy Segermeister, if your loans are sold to Fannie/Freddie, then you'll be limited to 10. If you go with a portfolio lender (that keeps their loans in house) there is no formal "limit." As long as you're doing good deals and give the bank business they're likely to let you run. This is why it's advantageous to establish a strong relationship with a lender.

This is very helpful to know. How do you go about establishing a strong relationship with a portfolio lender? If it is a credit union, do you need to belong to it in order to get a loan?

Thanks for your help

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@Alexander Vasquez this is going to sound like a non-solution, but just be grateful to be in the position you’re in. You’re blessed to be starting early in life and your path is full of opportunity.

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@David Zheng hello, I was wondering if you have any advice for a complete newbie on how to begin learning about all of this? (Context: my girlfriend just dragged me to a free 2 hr real estate meeting on Tues night, and it motivated us to learn and get started, but we’re wary of getting suckered into something). Any advice is appreciated.

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All Forum Posts by: Matt F.

Matt F. has started 42 posts and replied 120 times.

Post: New Book... Learn to BRRRR Your Way to Financial Freedom!

Post: Advice on transferring ownership of my father’s house to me

Post: Advice on transferring ownership of my father’s house to me

Post: Utilizing funds from my 401K and/or Roth IRA?

Post: Utilizing funds from my 401K and/or Roth IRA?

Post: Utilizing funds from my 401K and/or Roth IRA?

Post: Utilizing funds from my 401K and/or Roth IRA?

Post: Confused about BRRRR and leverage

Post: How do I handle looking to young?

Post: Retired at the Age of 28 with a Lambo :)