It has actually spurred a good bit of conversation from people that I work indirectly with, which is good for my RE business.

Are there any foreseeable downsides to this conversion?

There is also a 5-year rule for Roth IRA conversions, where converted amounts must remain in the Roth IRA for at least five years to avoid penalties on earnings.

Nevertheless, I’m happy to have a conversation with anyone interested in pursuing this strategy.

'Thanks, Dan DietzHey Daniel, The IRS has a list of 11 real property trades or businesses that qualify: real property development, redevelopment, construction, reconstruction, acquisition, conversion, rental, operation, management, leasing, or brokerage.

Assess customer service by focusing on how helpful and responsive a representative is during conversations.

You’ll receive notifications when there is conversation in the forums you follow or if a user mentions those keywords—so keep them updated often!

I don't mean to come here to constantly post negatively about the Detroit real estate market, but I'm learning a lot from these conversations.

You can have informal conversations with them about exactly these types of questions, without having your credit pulled or starting an application.Good luck!

She was interested in buying RE, mentioned it to everyone, and got lucky with a chance conversation at her local bank.