Check the state laws and see the proper procedure.

Last tax season I am almost certain my taxes weren't done properly in regards to my rental property (ie. expenses for renovations weren't factored in, I paid my taxes well into 2019 due to issue with getting the bill so they weren't factored in).

You are considered "disqualified person" to your 401k and assigning this contract to your 401k would be considered "prohibited transaction":https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions The proper steps would be:1) Establish and fund self-directed 401k2) Find and purchase investment

. :)Note: as a licensed agent - ensure that you're disclosing everything properly to be compliant.

Typically those that tell you how bad a HELOC or HM is don't know how to use either properly.

Either one can be fine to work with if the deal is structured properly, however, you have a better economical exchange using the professional.

Best to set expectations properly up front when building a relationship with an agent, and not burn any bridges in this business.  

Hi Everyone,Newbie question...If I buy a property that has a bonus room addition that was never properly permitted, is it better to just to leave it be or would it be possible to get the space permitted now since I am a new buyer?  

To be sure you properly file and receive these credits, make sure you are working with a CPA that understands multi-state taxation.

The really funny part is that I pick up rentals in the city proper that would sell for 10x as much in my neighborhood, which is less than 5 miles away.