Hi BP members,I want to use my 401K for REI. I looked into SDIRA but prefer to do a Roth conversion (pay taxes) and then invest in RE within the Roth. I am able to withdraw without penalty. Has any BP members done ...
How are we doing here?We Bought 2 matching Duplexes in Feb of 2014 and paid $332,000 (+ closing costs) for both of them.They needed approx $37,000 ($18,500 each) worth of rehabbing and were occupied with tenants pay...
So my wife and I are starting to look for a house to buy with our IRA, and then rent out, probably in Florida. This is something we have been considering for a couple years, and understand the procedure and rules. ...
Good evening all! Or at least where in the world I am it is! I am fairly new to BP, and I am literally giddy to have found such a wealth of information, and people willing to share their knowledge and experience all i...
OK, I'm starting this post as a way to hold myself accountable and track my progress (or lack there of) in my investing process this year.At this point I have been thinking about, and "planning to do," real estate in...
Hi, I am looking for some opinions.I am about 6 months into my journey in real estate, when I stated I was looking to diversify my portfolio and put about 20% of my wealth in real estate. I have worked hard in my ca...
I'm an all or nothing type of guy, and right now I want to focus 110% of my energy on finding real estate deals, renovating them, and selling them. However, my job makes this almost impossible since I am at work or o...
I am meeting with an 82 yr old lady in a couple days to begin discussions of owner financing her five paid for duplexes. She's had them over 20 years. She's been managing them for the most part for the last 6 years. S...
My question is regarding passive real estate losses. I am a real agent and investor, therefore I am considered a "real estate professional" for tax purposes. With that being said, my accountant has always allowed ...