Shane Jeanfreau
401k withdraw for rentals (cares Act )
Has anyone here withdrawn money from your 401k to invest in real estate. With the Cares Act it allows you to do so with just a 10% penalty till dec 30th.
Brian Ellis
Would you borrow from your roth for this investment?
Off market dealPurchase price 110k20% down1150 in rentMarket value as is 135k$400 cash flow19% cash on cash returnNow I don't have a huge savings in my Roth IRA, but I have enough to fund the rest of the down payment ...
Mike B.
Using 401K to fund REI
Hello BP Members,I'm new to REI and live in the San Antonio, TX area. Has anyone here on BP withdrawn 401K funds to begin a REI career? I am not talking a Self Directed IRA, as I want cash flow now. Also, can you d...
Megan Hirlehey
Implications of taking money from one LLC to seed another
Hello BP,I am the sole owner of a LLC I created to buy and hold properties, and I just formed a new LLC with a business partner for some deals we will be working together. My question is, what are the tax/legal implic...
Coreyell Lincoln
Down Payment from 401k
Hey BP, I’m completely new to Real Estate Investing and I want to get in the game NOW. I have an LLC established, opening my business account soon here, and want to know about my first down payment. I don’t have an IR...
Marc Ferguson
Should I cash-out 401(K) or let it grow?
Hi, I have a 401(K) savings plan with a previous employer valued at under $50,000. I'm wondering if I should withdraw and hold the money in my brand new real estate investment bank account or if I should continue to l...
Johnny Walker
Looking for CPA to help with 401K questions and guidance.
I am trying to decide how to use the money in my 401K to invest in rentals. It looks like my best bet is to liquidate the account to use the money but would like a confirmation before doing that. I want to have access...
Gary David
Using CARES Act to withdraw from my 401k to Invest
I am new here and would like to get some input on this matter. Please don't post any comments on how taking money out of my 401k is going ruin my future savings and compounding …blah blah...I have enough in there tha...
Edwin Zamora
Heloc options and advise
Hi bigger pockets community! Im hoping someone can throw some advise my way. Here's my situation. I am currently working on buying a second home to house hack. I plan on using the equity I have in my current home to f...
Marci Stein
Will my HUD home binder money be returned?
Gave realtor $500 cashier's check with my hUD offer yesterday but today i want to withdraw my offer. Anyone know know if I will get my binder money back? NO contract has been signed as I don't know if offer will be a...