Kal Paneliya
Withdrawing money from SEP IRA to real estate investment
Hello BP Community!Can somebody please educate me on this topic below? Your help will be greatly appreciated.Can I withdraw money from my IRA account for a rental property? If so, what are the requirements for it? My ...
Quianay Laing
Where to put flipping income?
Hi there!! We are doing our first flip and are debating where to put the income going forward in terms of managing our business.. We know we are going to immediately use some to purchase more property. Those of you wh...
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...
Account Closed
Withdrawing money from a mutual fund to purchase real estate.
I hope this is the correct forum to post this question. I currently have a mutual fund account with around 25k that I would like to use towards the purchase on an investment property. Long story short, my parents set ...
Kyler J Sloan
VRBO Withdrawals Money in response to Guest Credit Card Dispute
So, a guest who booked my place but did not show up apparently filed a credit card dispute to get their money back, and I am now discovering that the financial institution that VRBO has partnered with is going to with...
Digger Odell
Where is best to withdraw money to purchase second home?
I'm over 60 years old and in the process of purchasing a second home. I am paying cash and expect to close end of October. I will be withdrawing the money (around 225K) from my mutual funds. Probably from a high yield...
Account Closed
Owner Contribution or Owner Draw account question
Thanks for taking the time to review in advance. I just wanted to get some clarity on proper protocol. On a partnership LLC, when you do a distribution , are you offsetting account for your owner contribution , ( so ...
Jose Gonzalez
Can I withdraw the money invested into a fix and flip?
Wanted to know if I can withdraw money invested into a fix and flip to fix the property?Ex I invested 30K into a home. This money was income I had earned and had already been taxed on. I just want to get the money bac...
Account Closed
Has anyone considered self directing their HSA?
Not sure how many here use a Health Savings Account (HSA), but for those that do and that are in good health this can be a means to build your HSA. My wife and are building a good sized balance and will be ready soon...
Radhika Paliwal
Starting Out - Goal is to buy my first property in 2021!
Hi Everyone!I am just starting out in real estate and want to buy my first investment property this year. I'm looking into out-of-state multifamily unit that'll provide a positive cash flow. I've begun my research but...