Roger Deweese
Self manage STR through checkbook IRA?
Hi all,New here and looking into investing in short term rentals but have lots of questions. I have $140,000 in a ROTH that I would like to convert into a checkbook IRA and self manage both the ROTH and the properties...
John Cantu
EIDL Collateral Confusion
Hey everyone. So I got approved for an EIDL in excess of 25k. I know that over this amount requires them to take collateral, the details of which are very obscure. My concern is if I sell any property as a result of m...
Jon Huber
I have a HELOC, and recovered my cash... do I pay it off or reinvest?
I am an advocate of the BRRRR Method, and I have put this into action this year. I took out a HELOC last year, and got a great rate and am paying interest only for ten years. I used that HELOC to purchase two great ca...
Amy Gullotta
Looking to reduce tax burden for 401k withdrawal for investing
I am seeking tax advice on what my best option is for the investment property I purchased. In January of 2017 I took out my entire 401k in order to start real estate investing. I was no longer with the company, and no...
Tessa Mac
403b to Real Estate
Hello all!
I have two 403b accounts from previous employers and am interested in using this money for a down payment on a property. I’ve seen info about 403b loans (doesn’t seem like this is possible since I’m no lon...
Rich Weese
4th obstacle to creating real wealth
And by far, is income taxes. I know there are tremendous legal methods how to not pay income taxes, or to pay very little. Judge Learned Hand(his real name!) once said in a court case " it is the right of every Americ...
Steven W.
Solo 401k and Buying Property
I had a great conversation with @Dmitriy Fomichenko from Sense Financial today about setting up a Solo 401k, so I can roll over my IRA into an account in which I can make investments in real estate. He did point out s...
Erica Nagle
I'm in 2015 tax audit hell
So my 2015 (the year we started rehabbing properties full time) was audited. I made the mistake of not using a CPA and she messed up my tax return huge. Long story short I got a $14k refund. During the first quarter o...
Cole Simpson
Thoughts - Best And Worst Passive Income Ideas?
Passive income streams require an upfront investment and a lot of nurturing in the beginning. After some time and hard work, these income streams start to build and are able to maintain themselves, bringing you consis...
Kurt Brooks
House payment options
62,retired,zero debt. Buying 1st house monthly income fromSS and small company pension is $2720,I have $1,520,000 in a rollover IRA. My question is should I just withdraw money from IRA and buy the house, or is there ...