Steve Englehart
Cashing out IRA to buy rental properties.
29 January 2025 | 47 replies
Whether you should take a retirement distribution or not depends on several factors1) How much do you value the freedom/flexibility to ues the money NOW compared to when you are 60 years old.2) What type of return can you get having cash vs investing in an IRA / SDIRA.If you can make a 1% - 2% better annual return in your personal name, it may make sense as the added return will pay for the penalties over a couple of years.I personally cashed out of my retirement account back in 2016 and it was the best decision I made.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 replies
Other international markets may be too opaque for me, and I'm definitely going to invest in China as it's not possible to even have more than one property in your own name (to the best of my knowledge) and the local government can find many ways to screw you over if they wish to.
Don Konipol
COMMERCIAL Mortgage Broker Licensing Requirements by State
28 December 2024 | 16 replies
Yes I understand what you are noting, and I believe on the commercial side of things they are typically not putting their names on the docs like you do for a resi loan but just brokering/underwriting it and collecting a fee as a 1099.
Shaun Palmer
North Carolina - Security Deposit Trust Accounts
22 December 2024 | 14 replies
Just tell your bank that you need a savings account that can be named Trust Account - Security Deposits.
Torrean Edwards
TR, I am an investor from Milwaukee.
27 December 2024 | 27 replies
My name is Rebecca and my husband, Nick Knox III and I have run Captain Save a Home LLC, Brew City REI Club, Brew City REI Training Cafe and Wisconsin Contractor and Handyman Club based out of Milwaukee, WI for over a decade.
Tomas Falcon
21 and want to get into the community
28 December 2024 | 7 replies
Hello everyone,My names Tom and I am currently a senior in college.
Chris Seveney
Transferring Properties out of LLC Question
27 December 2024 | 3 replies
Property LLC is owned by Holding LLCHolding LLC is owned by Jane Doe.If you were shutting down the LLC and wanted to just put the property in the name of Jane Doe who owns the holding company who owns the LLC.Do you actually need to transfer monies back and forth or would this be done by a journal entry as a non cash distribution?
William J Anderson
Introduction and Seeking Advice on T-12s
27 December 2024 | 8 replies
Because looking at the T12 from a 100 units will be different from 20 units will be different from 5 units in some of the line items (account names).
Ashley Wilson
Pros and Cons of Joining a Coaching Program
27 January 2025 | 29 replies
Consistent action is the name of the game when it comes to achieving success.
Ana Maria
Anyone ever bought an investment property through SDIRA Wealth?
27 January 2025 | 35 replies
Over the years, they’ve developed strong partnerships with tax advisors and wealth advisors, and lately, they’ve been working with some big names in the industry building new construction properties for their investor’s.