Tessa Mac
403b to Real Estate
19 November 2024 | 5 replies
This allows you to invest in real estate without triggering the 10% early withdrawal penalty or income taxes, and the gains can grow tax-deferred (or tax-free in a Roth IRA).
Sheena Varghese
Flip taking longer than a year and tax implications
22 November 2024 | 12 replies
I personally recommend working with a CPA who prioritizes integrity and accurate tax return filings, so that if you're ever audited, you won’t face back taxes, penalties, or interest.
Truong Vu
Concernedly time purchase a home
23 November 2024 | 7 replies
Not only do they lose the retirement balance, but also they incur a 10% premature withdrawal penalty.
Bryan Price
Hard Money Loan Past Due (any red flags?!!!)
23 November 2024 | 7 replies
Even when they misrepresented the deal and are 2 years behind on payments they’ve faced no penalties.
Mary Pastoral
VRBO charges 10% commission for direct booking outside of their platform
23 November 2024 | 40 replies
These efforts to avoid paying Vrbo compensation are a marketplace violation and may result in penalties, including termination.
Sateesh Kumar
Partially funding a 4-plex in Oakland using SDIRA
18 November 2024 | 3 replies
You can take a distribution from the IRA, pay the taxes (plus penalties for premature distributions), and then use the funds as you see fit.
Jerry Shen
Buying RE with Bitcoin
9 December 2024 | 166 replies
Prepayment penalties are a thing of the past, so dump your bitcoin into paying down the balance (and, possibly, dropping the PMI) after the fact - no one sources where you make your normal monthly mortgage payments from.It's going to be in limbo and a giant "it depends" until such time as someone opens a Bitcoin clearing house that does all the little compliance and PATRIOT Act things that Wells Fargo and Fidelity do, or (more likely) until such time as Fidelity or Wells Fargo adds Bitcoin to their financial service offerings.
Brian Kempler
DSCR refinance loan against a property leased on a lease option
17 November 2024 | 8 replies
If you are only doing a 1-2 year lease option, then I'd recommend you just buy down the prepayment penalty to 1-year and just eat it if the borrower executes early.
Brandon Brock
Eddie Speed Note School
7 December 2024 | 150 replies
I was under the impression that the home needed to be auctioned, and any profit over and above the value of the note, penalties and legal fees was owed back to the borrower.
Shibu Thomas
renting out a basement apartment.
20 November 2024 | 18 replies
If you are caught there is a penalty of six months of rent maximum.