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Hey folks,
Several weeks ago, I posted some questions about what I suspected was an un-informed group offering IRA advice. As I suspected the advice was bad, as indicated by the answers I got here, my accountant, an...
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My girlfriend and I are quitting our 9-5's to fully jump into real estate investing, but we have a few questions around funding that I'm looking for input on. We will be consulting a RE lawyer at some point, but I'm h...
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I currently have an LLC for my consulting business (not real estate) and want to loan my real estate LLc money for purchase and renovations. Is this allowed? Or do I need to make a disbursement to myself to fund the...
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I would like to purchase a property with funds from my IRA to use as a rental property. I know there are rules regarding who I can and cannot rent to (like family members). I would like to do a lot of the managemen...
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Ok- subject is euros. Greece and Portugal are kinda messed up. Now, Germany and France are threatening to depart the euro. IF this were to happen, is euro dead? Are we(the U.S.) going to loan (read- give away) money t...
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I have this Idea of taking a 20% withdraw for a down payment out of my 401k to avoid PMI costs and down the road to grow my properties to gain financial independence. I understand all of the consequences like 20% fed ...
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Hi Everyone, Good day! I am a newbie here and I was wondering if anyone knows a good institution for the self directed IRA account that would allow REI later on. I heard that some institutions allow it and some don...
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Question for an a cpa/accountant, I want to take an early withdrawal from my Roth IRA (contributions AND earnings) to buy my first property (not a primary residence). I know there's a 10% early withdrawal penalty for...
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I am interested in setting up a small opportunity zone fund. I would like to see how others have set up their chart of accounts in quickbooks to cover capital contributions from capital gains differently from non-qual...
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Here's my situation:
I have been working with a commercial broker for the last two years to find a good MFP, found it, got my offer accepted at 1,365,000.
I have a good relationship with a bank, have th...