Terry K.

Quote from @Kristi K.: Quote from @Christina Galdieri: Hi all- we are in the middle of renovating a house we bought to brrrr.

@Rob K.

If he has legitimate self employment activity he may be eligible to create a solo 401(k) which is superior in many ways to sdira.  

They would prefer that the house is either sold, or be bought out.I could be to apply for 203 K loan if I am willing to stay in the property for a year as my primary residence.

@Rodney K.

Quote from @Mike K.: Quote from @Alec Jacobs: Hello everyone, I have a weird scenario that I have been really wrestling with lately.I am in the middle of buying a home and the appraisal came back $40k under my offer.

@Tyler Herman you may do this but instead of an LLC it’s a trust and with solo 401(k) you may borrow up to $50k or 50% whichever is less.

But the people who were spending that same $100k and $150 k on the burbs in KC in a little better area, were not cash flowing like crazy, but were cash flowing and guess what, they held their value, their renters didn't vanish. 

Pay taxes on profit in year it sold.Now, if you are doing this in partnership and will need partnership returns filed, along with partner K-1s, etc, that adds a little more complexity.