Hello Everyone,with the skyrocket high interest rate ,shall I borrow home equity line of credit or the convential mortgage to buy the investment property. The loan amount I need is really small about 250K which I have...
I am planning to transfer my IRA into a solo 401k so I can invest in real estate.I am planning to use my 1099 income to fund it on a regular basis.Do I need to file a different tax form where I would pay medicare and ...
Summary question: How would you allocate by extra money saved from my paycheck by percentage between 1) stock piling cash for a 3rd rental property 2) paying down existing mortgages ( I currently own 2 mortgages that...
Hello! Looking for some advice on our refi situation. We want to pay off our debt (car/credit cards/student loans/etc), and we also want to build a horse barn with living quarters on our property. We plan to do a cash...
I plan on being debt free except for the mortgage on my house within the next 18-24 months. At that point I planned on spending 2 years saving up 50k for my first real estate investment property. My goal is to find ...
When I watch TV shows about flipping houses and the big profits they make, I wonder if they are paying taxes as the go, or using 1031 exchanges on every one. My wife is a realtor and about half of what she makes goes...
I've currently got a 401k with my full time employer (also part time RE agent). About 2 years ago I decided to change my allocations to Roth 401k. However, 8 years of automatic enrollment had me in the pre-tax plan an...
I closed on my first investment property on 2/10/16. It was a single-family house with 3 beds, 2 baths that was a foreclosure from a local bank. My plan is to put this property into my buy and hold portfolio and use...
I believe this is my first post. This question has been on my mind for a while so I thought I would pose it here and see what others think about it. My goal is to buy my first property in 2018.
I just started a new j...
So I was reading the BP tax books and a thought popped in my head. I’m 26 and work as an Engineer making decent money, contributing to a Roth 401k. My thought is to self direct my 401k to buy a rental once their is en...