Dale Carlson
What would you do? Wait? Or use your IRA now?
I have one property with a partner that we paid cash with. It is a modest $300/mo for each of us.NOW - i have an IRA that i would love to use on a couple of duplexes to really get my feet wet individually. but i am ...
Nadiya Lonkevych
Could negative cash flow be deducted?
Hi everyone,I am about to become an investor renting out the condo I currently live in (Columbia/Ellicott City, MD area) and purchasing another house for my family. The condo was purchased in 2006 at it's highest ever...
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...
Murat Ozdo
Looking for teammates lender, contractor, realtor, property manager
Hello everyone,
ABOUT ME: I am a non resident foreign investor who just joined the real estate market possibly in the worst time :) I am interested in Cleveland,OH. I have been monitoring the market in and around Cle...
Kevin Robertson
401K - to withdraw or not to withdraw
I know this is somewhat off-topic, maybe there is a bigger pockets money forum that I just couldn’t quite locate?The primary question I have for the community is, “ should I withdraw from my fully vested 401k early?”I...
Mark Yuschak
Self directed IRAs for funding
I have (what I consider) a good chunk of change sitting in a traditional IRA. I'd like to use that money to fund flips (in and out in less than 120 days) and/or use it for transactional funding.
The financial adviso...
Jo Ballagh
Should I create an LLC for a Property Management Company?
I'm soon to be a landlord for the second time. The first was terrifying as I was leaving the state and trusting my home to a "professional" Property Manager. This time I will be doing it myself. I'm wondering if anyon...
Account Closed
Owner Contribution or Owner Draw account question
Thanks for taking the time to review in advance. I just wanted to get some clarity on proper protocol. On a partnership LLC, when you do a distribution , are you offsetting account for your owner contribution , ( so ...
Matthew Fischel
Newb from Chicago - MFR 2-4plex investor
Hello to my new BP team,Background: I'm a Chicago native, I come from the IT sector (8 years), jumping ship and getting my feet wet in real estate investing full time begins now. Goals: Near-term, I'm looking to g...
Andriy Likhman
Financing First Rental Property!
I'm looking to buy my first rental property in Columbus, OH, and ideally, do a BRRRR on it. But here is where my push back came in. Lenders want to see a good and steady income for the past 2 years, and I've been a bu...