All Forum Posts by: Account Closed

Good Luck Adam!  I am retired US Army and am getting into this Real Estate thing myself.  Take care and hope to talk again in the forums....

Thank you Brian for your informative and timely response.  In reality, I probably could fund the entire cost of a home with my current 401K, but that obviously would lower my internal rate of return.

Thank you Paul S.  Would you have any suggestions on the best way to meet others in the valley that are interested in these same topics?  Are there any meetup groups that you know of, or other formats that welcome new members?

Hello, very new to this forum and this topic.  I am trying to put together the following information and would be grateful for any thoughts you all may have.

1.  I would like to take one of my current employer 401K's and make that self directed.  Once that is accomplished I would like to use that money to fund either hard money loans or purchase rental property.  Question:  I am assuming that either the interest from the loan or the rental income would be tax deferred?  Is that correct?

2.  I am also thinking about doing this with after tax money but would like to shelter as much of the loan interest and / or rental income from taxes.  I read some on this topic but I am getting confused on the terms Active vs. Passive income.  It appears Passive income is bad since it appears on my 1040 as regular income which means I cannot subtract my expenses first from this amount?  Is that correct?

3. I read in another blog that getting a mortgage for a home owned by a LLC is difficult? Why is that?

Excited to learn from all you savvy real estate guru's out there.  I am just starting my foray into Real Estate.  Just finished reading Rich Dad, Poor Dad thought it was an excellent book and describes how I have led my life so far.  I would be excited to learn more about the entire process of evaluating properties, structuring corporate ownership, evaluating the numbers, etc...  I hope to hear from you all soon.

Best....

Ted