Carlos Silva
How do I minimize taxes on pulling money out of 401k at age 65
What is the best way to pull money out of a 401k and minimize taxes at the age of 65? I would like to acquire more properties to produce cash flow for retirement.
Liam Martin
401K for first real estate investment
Hey BP,I am in the process of buying my first rental property. I live just outside of Boston, MA and plan to buy a property within 30 minutes of my current residence using FHA financing. I found a couple of deals that...
Kyle B.
Using 401k to purchase real estate
I recently left my job where I had a roth 401k (so my contributions were made after tax). Does anyone know if I am able to roll this account over into some kind of self-directed IRA where I can use the funds for re...
Tyler Harrel
401k Withdrawal Tax Question
Good Evening All,
Looking to gain some insight on the Florida Tax requirements for 401k early withdrawal, such as how much will get taxed from the withdrawal and if that taxed money has to be paid up front.
Anyt...
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...
Robin Edwards
First time homebuyer Tax Law: Need help
My wife and I are looking for a house hack property in Houston or Galveston. This will our first time buying a home, so we are very green at this.We are using my IRA account to fund our down payment. I understand th...
Michele Masters
401K Withdrawal or Financing?
Looking to buy my 2nd AirBnB property for <$400K (singe family). I am considering financing the $112K due at closing with a HELOC and a 401k loan and get a $300K investor loan. This comes to a monthly outlay of $...
Brian Peterman
Will I incur a penalty or have a tax hit on a withdraw Roth IRA
Hey BP! Working on closing my first deal and I'm wondering if my thinking is correct. I am purchasing a 3 flat that I will be living in and this is my first home purchase. I have ~$20,000 total in my Roth IRA and I wo...
Sammy Weinstein
When are taxes due on a cashed out 401k?
Am 60, and have $300,000 with my employer. If I were to cash it out totally, are the taxes due taken out of the $300k straight away, or when I do my taxes next year?
Mary Jay
Can I withdraw from Social Security for Red collection?
Hey guys, so I have this prospective tenant who gets $900 monthly in Social Security and a bit of other income... but with all these people who are furlowed these days, I feel that I don’t want to rely on his other ...