Hey,

I'm curious if anyone has leveraged an ERSA account as a downpayment on an investment property? A buddy of mine recently did this, and I'm curious about the tax implications?

http://www.403bwise.co...

Unsatisfied with my corporate lifestyle, I have chosen real estate as the vehicle to carry me to something greater, and retire my parents.

Great to settle in, in fact retirement in this city is very popular.

It may appear to clients that she is retiring from the business and you are stepping up as manager, then owner after they are comfortable with dealing with you.

Due to the complexities in filing tax returns for real estate inside a retirement account, I would suggest using a tax preparer (at least for the first year) who has a comprehensive understanding of these type of investments.

http://www.pbs.org/wgbh/pages/frontline/retirement-gamble/Amazing what a difference the 2% fee average fund fee makes over a lifetime.

As a consequence I am now focused on investing to create long-term value and, if possible, trying to retire early or at least transition from working for a big company to working for myself.

You need to think about your retirement.'---- best thing she could have said to me as it motivates me during tough times when I think back.

I have an retired attorney friend (not a paid attorney) who actually owns some rental properties (along with a partner) and according to him he doe4sn't have an LLC or partnership and doesn't see that I have a need (for an LLC) with the wholesaling.

Therefore I made one of my goals to flip a property either by myself or with a partner by the of the summer.Granted, I have two parents who were also in academia their entire career and don't have much of a retirement.