What kind of investing do you do?

Got to shout out for the Santa Cruz Mountains here if you are ready for a different kind of adventure. 

Good Afternoon Everyone,              I am going to use my parents as a portfolio lender and I was wondering when I use thier 401K to execute the aquistion of a property what will the tax implications be when using th...

Thanks @Dave Visaya and @Michael Sato ,I appreciate the kind words.

What kind of auction was it?

Thanks, Arn, thats kind of what I had in mind.

You're asking the right kind of questions.My understanding of the Tax Reform act is that the interest deduction limitation is $750k for a first + second home.With that said, it may be advantageous to purchase the property as a second home, then place it in service as an investment to capture the advantage of a lower rate and deductibility.The catch is that you'll have to keep the property in your name vs. holding title in the name of an entity.

what kind of people you need to work with you in real estate investing?

what kind of people you need to work with you in real estate investing?

If you move your money into any kind of retirement account, you lose direct access to this money (with Roth accounts being a half-exception to this rule).So, let's start with determining whether you might need this money to spend on your living expenses.