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I own my home outright. It was gifted to me over a year ago. I am planning on selling it within the next few months . I plan on using some the money from the sale as a down payment on a multi family that I will live i...
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So I have a fix and flip that I bought roughly 8 months ago. I now have it under contract. I've been talking with my accountant to try to figure out tax implications or deferring taxes through a 1031. Needless to...
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As a newbie with no money , is it better to start finding leads with preforeclosure sellers vs back property taxes seller which one is easier and which is more motivated, i want wholesale because i have no money just ...
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Hello I’m refinancing a San Diego property and paying off a loan on aHawaii property and my question is the cash out taxable since it’s a loan?Thank youTommy
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Hi all, new to BP and looking forward to all the great information this site contains. I am a 1/3'rd owner of 6 rental properties worth about $2M generating approx $13,000 in monthly rents with mortgage, tax and insu...
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BP,So last year I took a TSP (thrift savings plan) loan out of my TSP retirement account to fund some real estate transactions. The loan from my TSP gets paid back to my account and it pays the account 2% interest ((...
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I WILL be talking to a CPA about this but I would like to have an idea of what I’m looking for before going into the conversation.
Now that we got that out of the way, In a couple weeks, my business partner and I a...
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Hey Everyone.. My wife has a 401K plan she had with her previous employer and does not work anymore. We called the investment company that has it and stated we cannot borrow against it due to her not working anymore. ...
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The main reason why investors prefer real estate syndication is access and time to deal flow. Not everyone has time to search for deals and underwrite hundreds of properties to find the perfect property. Instead they ...
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Anyone else considering doing this? Is this a crazy plan?My plan:
My wife and I lost daycare so we're splitting time off to take care of our children.
We have significant cash reserves and 75% equity in current RE ...