Marty Summers
Anyone ever cash in their 401ks to buy real estate?
I built a sizable real estate portfolio cash flowing about 5100 a month. I want to know if anyone in here ever cashed in their IRA/401k's--- took the penalty and invested in real estate cash flow?
Joseph A Berrios
CPA advice
I know at this point I need a CPA. I'm seeking advice what to do after my flips to remain on uncle SAMs good side without killing my liquidity. All advice is appreciated , I'm sure there are many members in my same bo...
Erin Elam
HELP??!! FTP file for Tax Delinquent list - ID10T error alert
Hello BP,
So I am looking to get into the tax delinquent arena here in Denton county, Texas. I've read about the monthly live auctions, but I really wanted to get ahead of that list and try to market to the homeowner...
Tim Porsche
What Would Ben Carson's 15% Flat Tax Mean for Landlords?
Hey all, bit of a hypothetical question here, but would you be worried if Carson's 15% flat tax would be adopted at some point? He said there would be no deductions...which would obviously have a huge negative impact ...
Account Closed
Cares Act withdraw 100K
Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?
Patrick Stuckwish
Lease option investment idea
Hello everyone! I was just reading an article about the basics of lease options and I had this crazy idea. Please take a look and let me know if something like this would work or if it’s completely nuts. Thank you Lo...
Account Closed
401K Conversion to Roth
Last year I converted an old 401k of mine into a Self Directed 401k and used that to buy and refurbish a few properties and now the monthly income is very nice and I sleep at night knowing I'm not overly reliant on th...
Mike H.
Quit claim deed question
I’m considering buying a small vacant lot that came my way from some direct mail. The seller already has it listed with a realtor. ls it possible to buy with a quit claim deed when a seller is selling through a real e...
Nestor Soto
Taxes
Can somebody explain all the tax disadvantages for a house flipper? What's the best approach for a first timer? Buy and quickly sell the property after renovations or hold it and sell it after some time to save money ...
Bob Grant
Avoiding Gift Tax
Hello BP Community,My father-in-law would like to gift my wife and I his cabin. He doesn't care what we do with it (keep it and enjoy it or sell it). He owes on his mortgage about half the value of the cabin. We wo...