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18 March 2024 | 23 replies
Most companies only allow you to take out 50% only.Unless you’re switching jobs or it’s a hardship than you can take out all your money but I will pay a huge tax I believe a total of like 30%..But if you use the 401K into a primary home, it gets taxed way different which is a good thing if your mom wanted a property and investment.You can also borrow a loan agains the 401K and would just have to get the money taken out her checks until the loan is repaid back.
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18 March 2024 | 0 replies
So we are in a very different time today.
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18 March 2024 | 21 replies
So once you have that clear, then the next step is to put a plan on how you are going to acquire the homes.you can network with wholesalers or find the properties in the MLS. also, you can drive for dollars, send direct mail to motivated sellers, place signs, advertise online or on radio or billboards, etc.There are so many different ways to find properties, I usually have about 20-30 properties under contract every month.
17 March 2024 | 2 replies
My main question is, can the house be rented to two different tenants?
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17 March 2024 | 20 replies
Be Clear About Your GoalsKeep in mind that mentoring may come in many different ways, from official connections to informal guidance from seasoned investors.
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17 March 2024 | 16 replies
I’m hoping to use real estate (depreciation) to help me offset my large tax bill (in case it makes a difference to answer the question as far as the LLC).
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17 March 2024 | 29 replies
Analyze over and over again what went wrong and look for possible different solutions and outcomes to learn from for future reference.
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14 March 2024 | 7 replies
Different ways to house hack.... let's discussThis works anywhere, BUT your market does impact inventory and prices.
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18 March 2024 | 17 replies
Not every property is suited to MTR or will cash flow that well but you're clearly in a great market and have a great product and that makes all the difference.
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17 March 2024 | 3 replies
They can go after the personal assets of the trustee, but what if he holds no personal assets in his name, every asset is owned by a different trust.