Let's say one has savings in both their traditional IRA and mutual/index funds. Which one should they tap into first to fund their investment properties?
If I buy and sell houses(flip) as a full time job, do I pay capital gains taxes? I read somewhere if it can be proven as a full time commitment and its the only source of income I make, the capital gains taxes are inc...
Hi guys, I am new here.
I haven't started investing in real estate yet, but I plan on doing so as soon as I turn 18. I was just wondering would I be marked as a 'dealer' by the IRS if I was to buy distressed propert...
Hey guys! My name is Jessie and im 23 years old. I live in hawaii. Ive been wanting to start real estate investing for awhile now, Ive been so stuck on the strategies to pursue here since property is so expensive and ...
Hello,I am setting up my LLCs this week to start my real estate investing journey and shortly thereafter plan on setting up bank accounts for those LLCs. Was looking into Relay bank after hearing Pace Morby talk it up...
Hi all,
Thinking about buying my first home in the Brickell area.
The price of the condo I'm looking at (which is in same building where I currently rent) is around 720K. It's a 2 bedroom, 2 bathroom loft. Looking...
I recently purchased a duplex on a quarter acre of land with city water and septic. I initially wanted to build another duplex on the land but due to septic constraints, I can't. What are some other things I can do wi...
Hello everyone,I have a question that been bothering me for quite some time. I’m hoping some of you with more experience can help spread some light on the situation. I’ll try to be to the point.For years I’ve been r...
Has anyone used their 401K to buy a rental and receive tax free income ? If so, how does one go about doing so? Would I be able to make repairs out of pocket or does everything have to be from the 401K?
Have a seller interested in owner financing. Owes $240k with 17-18 years left on a 30 year ARM. I offered him subject-to, with him taking a carrying for $50k. Retail would be around $315k. Yeah, not a whole lot off re...