Matthew Powell
How can I use my 401k to invest in real estate?
I have a 401k with fidelity that I have been contributing to for 8 years now. I have built up a good amount of money in this account. The ultimate goal is to quit my W-2 and live off of passive income. Which means my ...
Andrew D.
Streamlining retiring from day job at 40.
I've been investing in the Cedar Rapids, IA area for about 8 years now but only really stepped up my game 4 years ago. After the addition of a child to our family during an almost year layoff I realized I needed to k...
Ami Soni
Using 401k as down payment
Hi Everyone,My name is Ami Soni and I am from the suburbs of Chicago area. I am approaching my first deal and looking for more information on using 401k savings as down payment without the penalty? I believe I've hear...
Jared Baker
Set for Life Book Question
I have been reading @Scott Trench book Set for Life and a question occurred to me while reading that I am hoping to get some insight to. It says that the first priority after paying off all bad debt is to accumulate ...
Alfred Bell
Does anyone use a Checkbook IRA LLC?
I currently utilize a self-directed IRA. My IRA monies have been invested in a real estate project. I'm coming out of that investment soon and I now want to use those IRA monies for buying at trustee sales. This "Chec...
John Boonphitak
Parents want to sell me their home and rent it out from me WDID?!
Hi All,This is my first post ever on BP, please bare with me as I break down the subject.My parents have a home that they would like to sell to me. I have a home of my own and am currently paying the mortgage off of t...
Stephen Daniel Pace
Using a HELOC for first property
Hi BP! I’m looking into getting a HELOC on my primary residence since I have significant equity mainly due to the current market. I’d like to use it as a down payment or cash purchase for my first investment property ...
Susan Tan
Split Half the Downpayment w/ a Business Partner?
I have a creative financing idea that I want to run by you all. What is your feedback on the legal & tax ramifications?I'm planning to buy a rent-ready vacant fourplex in Cincinnati, OH. I don't have enough cash f...
Vic B.
Money from 401k to invest in RE.
I would like to get the funds out of my 401k to purchase more rentals. I love this business and think I could do better than my broker. Is there a way to do this and not get hit with a penalty? Leave the RE in a re...
Tom Nguyen
Traditional convention loan or HELOC
Hello BPWould you pay off for a house if you can then open Home Equity Line of credit on it to avoid paying interest when you not using but still have ability to access credit similar to cash ?or Would you do traditio...