Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t checked it out already, the Bigger Pockets blog features links to their awesome podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t checked it out already, the Bigger Pockets blog features links to their awesome podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Good Day BP,I am looking to get a bit of advice to assist my client the best way possible. I am a realtor here in VA and I have a client that is currently living in NY that is working on purchasing a home down here to...

A distribution from an IRA will be taxed as income, with the potential for a 10% penalty on top of that if the individual is less than 59 1/2 years old. 

I already have a Roth IRA (Vanguard), but just recently heard about the backdoor IRA on the money podcast and was wondering if I would have to close that Roth IRA and open a traditional one with tax deductible money then convert it over to a Roth to avoid capital gains tax?

Did did you liquidate your IRA or did you self direct your IRA?

Purchase price: $75,000 Personal property held in a self-directed IRA What made you interested in investing in this type of deal?

Then you should set up a Roth IRA, assuming you qualify.Next comes savings.

Many members are experts in their respective fields related to real estate investing, whether that is real estate brokerage, wholesaling, flipping, buy and hold, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t checked it out already, the Bigger Pockets blog features links to their awesome podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

He has a ton of cash in his IRA.