Curtis Hallenbeck
401k Withdrawal Penalty free upto $100k
Just found out I could take up to $100k withdrawal from my 401k without the 10% early withdrawal fee. Anyone else taking advantage of this opportunity? I see it as a great way to get started on my first BRRRR.
Phil T.
Where do you keep your reserves?
I'm working on buying my first buy and hold and am trying to figure out the best way to work bank the accounts. I plan on creating a checking and a linked savings account specifically for RE. I was figuring I'd have...
Mark Smith
FHA Refinance
Hello all,I'm just looking to develop a game plan at this point, so this question is not something I am trying to act on right now.I recently purchased my first property using an FHA loan. I am interested in refinanc...
Mikell Elliott
Tax Exemption for 1 year - Good or bad idea?
I currently work a full time job and plan to begin investing in real estate this year. A real estate investor from a certain real estate investment group (which charges $20,000 for a mentor lol) told me to go exempt f...
AJ Wong
How & Where to get the best AirBnB mortgage for vacation rental investment property
In today's real estate investment market the mortgage matters. For those not purchasing with cash, assessing income or cash flow can often come down to the terms of the mortgage financing for an AirBNB or Vacation ren...
Amit M.
How to expense/write off a huge water bill
Recently my tenant received a very huge water bill due to a busted pipe under the slab. There were no visible signs of leak above the ground. I got the whole house re-piped and intend to cover the excess usage due t...
Jinesh Patel
Tax advise for high earner w2 couple.
Hello,Me and my wife both work fulltime on w2. we are planning to start investing in the real-estate this year. I am not sure how I can take advantage of the rental losses here. As I went to one of the tax classes an...
Jeffrey Fung
Tax deductions for NNN lease
Hi, First time dealing with a NNN lease. Since all maintenance, taxes, insurance, improvements is done by the tenant, what other types of deductions are available? Thanks!
Griffin Doninger
Seller Funded Down Payment for Investment Property Loan
Looking for insight on how to reduce the out of pocket cost for an income property loan. My initial thought was a seller funded down payment, but I am not sure if that is permitted for an income property loan.
Any ...
Angie Provo
Advice on Multiple LLCs for tax strategy?
I recently attended a seminar where the speaker was talking about the various real estate businesses he owns so that he can move expenses around, thus reducing taxable income dramatically. So for example, one business...