Greetings: I’d like some input on using my 401(k) to purchase Rental Properties via a self-directed IRA.

Quote from @Chris K.: @John TomassacciAre you literally just looking in Dunmore?

I will educate myself better regarding laws so I can handle these matters effectively going forward.Quote from @Steve K.: Why would you need the tenants permission to send an inspector in?

Best regards,Gio K

Therefore a partnership return will need to be filed and each partner will get a K-1 reporting their share of income.Each investor will then report that income on their return.Taxes will be calculated based on each partner's tax rate.Best of luck.

Quote from @V.G Jason: Quote from @Steve K.: I would only buy single family homes in the best locations I could afford rather than messing with multifamily and less great locations, and I would use my local credit union for loans because they keep them in-house and service them in-house, so that I wouldn’t have to deal with loans being passed around among all the sketchy loan servicing companies.  

I’m surprised they were dumb enough to jack the sales price up 70 K above retail.

@Rachael K..

@Chris K.

Education (K-12, High Ed, Trade Schools) 2.