Larry W mullen
Decisions on whether to cash out my 401K and move to real assets
I am at the point where I can take distribution from my 401K, and would like to move from paper assets to real assets. Does anyone have any ideas on if this is a good idea, and are there any tax strategies I can empl...
Jennifer Bowen
Can I buy a property first, then roll it over into an LLC later?
Hi all,I haven't set up my LLC yet. I'm just getting started in this business. Is it possible to buy a property first, then roll it over into an LLC? For example, if I live in it first. Or if I find a good deal that I...
David Carroll
IRA - To keep or not to keep
I have both a traditional Ira and a Roth IRA. I’m trying to decide if I should roll them into a self directed Ira or a solo 401k or even taking the hit, paying the taxes and pulling it all out. The reason is to invest...
John H.
Plan to buy first multi family , don’t have hard cash
I plan to buy my first multi family property very soon. The problem is I don’t have hard cash. I How can I get enough cash to buy it? How can I get the lowest interest rate? I have some equity in my current house (es...
Aaron Murphy
Schedule E tax question
I am looking for some help to clarify the way that income reported on my taxes will affect my debt to income ratio? It is my goal to minimize my income as much as possible using legitimate expenses and depreciation e...
Jerad Allen
Roth IRA to self direct Ira
I currently have a Roth IRA from when I was in the military and I was wondering if the biggerpockets community could help tell me how to change that over into a self directed Ira so I can get started on my real estate...
Mike T.
Qualifying for sd roth solo 401k
I am a w-2 employee. I would like to start a side business for my wife and I to qualify for sd solo roth 401k. If I start an llc that executes regular marketing, wholesales some properties and completes some rehabs....
Sean Dawson
HELOC vs Cash Out Financing For First Time Investor
I am a first time investor looking to use the BRRRR method out of state. I have 100% equity in my home to the tune of about $450k. Should I do a HELOC to purchase my first investment property or should I look to take ...
Susan Dias
Tax advice for sale of rental property owner occupied
I’m in the process of selling moms house owner occupied for 60 years. Selling to pay for nursing home. After she moved to NH 3/2022 I rented all three apartments for 2 years. Evicted them for no rent and refusing to ...
James E.
A hard money alternative you may not have considered
Hi BPers - figured I'd share my recent success finding ~100k in financing using a method I haven't heard discussed frequently.Believe it or not, there are several banks out there that will give you a personal line of ...