Brian Tran
Driving for Dollars Pre-Foreclosure
Hello BP,I'm new to driving for dollars and I believe I found a vacant property in pre-foreclosure which could be a potential deal (House in a nice neighborhood with tall grass and a "Notice of impending action" sign ...
Tony Kim
Active Participation Question
Hello,I was hoping some of you experienced tax professionals could help me with a question. When looking at the way we manage our properties, I think we would easy qualify as active participants as we are 100% owners ...
Timothy Hopkins
Using IRA for investment property
Purchased my first investment property this year and it is getting me a good return as a single family rental. I have an IRA that is doing well but will not be adequate income at retirement my question is should I ca...
Tim W.
Loan with 401k as collateral?
I'm looking for additional funds to finish repairs/rehab costs. I've opened a HELOC, done a cashout refinance, and opened a business credit line for the LLC already. I'm trying to be creative and find extra funds if w...
Brian Babbage
Cash Out Roth 401k to buy more units
Wondering what folks think about cashing out a Roth 401k to put that money to work in RE. I currently have a fully vested Roth 401k through my employer that has a sizable chunk of cash (definitely 2 down payments in m...
Andrew M.
Financing Options - Traditional or Hard Money
I'm looking to purchase a potential 2 unit apartment building, but trying to figure out financing. I have enough cash for a 20% downpayment, using traditional financing, but I do not want to tie up all my money in thi...
John Humphries
$30,000 in a Roth IRA wanting to invest in RE. What would you do?
Hi BP SDIRA experts. I'm looking for some advice and opinions. Here's the scenario:$30,000 in a Roth IRA - I'm tired of investing in the stock market and excited about real estate investing. I'd love to use this mone...
Lane Kawaoka
Cashing out 401k loan
Has anyone cashed out their 401k? You would have to pay a 10% penalty plus you pay federal/state taxes. Any comments is it too risky or risky not to do it?
Anestis K.
Cashing out 401K for down payment or full payment
Hey Bigger Pockets.... I had an idea and need your opinion. I just closed on my 7th property, and for the first time made two purchases in one year. Unfortunately, my cash reserves for down payments are gone but I d...
O'Neil Mbakwe
HOA Foreclosure Redemption - TX
I have a seller who recently had his home foreclosed on by HOA here in Dallas, TX. The home was sold to a buyer at auction for 13K, which was the amount due to HOA. The home is still in its redemption period until May...