Adam Merrill
Withdraw money from IRA for down payment to start REI?
Hi BP Community,Would you withdraw money from an traditional IRA account to fund a down payment on a multi-family? I recently made a career change and rolled my 401k into an IRA and started a new 401k with my new emp...
Jamiek Todd
How long do I need to have left on my contract to use VA loan?
I just used my va loan on New Years of 2020 and acquired my first property. I’m about to hit my one year mark for the end of my contract. I want to buy another property in Virginia before I get out and move on to anot...
Mark Ryan Peterson
Please Help a lost Newbie!
Hi everyone,
My name is Mark and I need some direction. I am a self employed commercial fisherman who makes 150 to 200k a year. I am totally fine with this income at the moment but the only problem is when the tax m...
Joe Au
How to convert to self directed 401K
If I am actively contribute to my 401k with my current employer, is that mean I can't convert that to self directed 401k?
Matt M Antonio
1-year self-employed trying to find a second house hack
Any savvy RE-friendly Lenders in my area (Eastern Washington)? Need to pick your brain. I have just passed my first year as a self-employed and looking to get my second property. However, I cannot go with the traditio...
K Luu
Side self-employed business to be eligible for a solo 401(k)?
Hi BP, I'm new to the forum, and have a question about converting a traditional 401(k) into a solo 401(k) with checkbook control to be able to invest in real estate, and what constitute as self-employment to qualify f...
Neil Andrews
Private lender taxes
I am new to real estate investment and plan to start out as a private lender. I just closed on a HELOC on my private residence. The interest rate is currently 4%. I plan to loan money to established successful real es...
Bryenne Korte
Taxes Associated with Flipping Houses
Hi BP! I'm hoping someone can shed some light on some general tax questions as it relates to fix and flips. I've read several posts and have spoken with a CPA, but I'm getting conflicting and spotty information. I'm v...
Kyle Falkenstein
Wholesale and Taxes in NC
For everyone that is or has wholesaled in North Carolina...I plan on getting in contact with a CPA and attorney. I was curious on people’s experience. How much taxes are taken out of your assignment fee checks? Also a...
Bruce Scannell
Has anyone used IRA Resources Inc in San Diego for their SDIRA?
I am looking to set up a self directed IRA, and I've done quite a bit of reading on bigger pockets about it. I understand their is some risk, but I do like the additional investment options. I am trying to find a repu...