Ani Mohan
How could you get more transparency with your finances?
I'm fairly new to this forum. I'm trying to get a better handle on my finances and am especially curious to see where all my money is going. I've got a few questions for this group:(1) Where do you believe you could u...
Account Closed
Rental strategy advise needed
Hello everybody I’m new to this and I would want some help any advices are welcome.I recently bought a house as a primary ( for tax reasons) even though I’m staying at my wife’s house. I’m remodeling -renovating the h...
Saqib Raja
Should I withdrawal my 401K to expand real estate portfolio
Withdrawing 401K entails a 20% tax cut and 10% penalty fee but I want to use it to being my real estate journey and exit my 8-5 in the next 2 years. Any thoughts if this is a good plan?
Kristi Patton
To Inspect or Not to Inspect?
So, still working on getting my first deal done and so far, my hubby and I have made 2 offers on buy/hold properties and ended up withdrawing both of them because of foundation issues found during the inspection. It w...
Kerry M.
UBTI - Do these provisions apply?
After repairs, we plan to cash-out refi, repay the 401(K) and rent also. If UBTI on Debt-financed property applies, does it stop when we repay the loan? Or does it start when we've afterwards collected 1,000 in rent...
Jonathan Cevallos
Utilizing my 401k with an old employer
I have a 401k plan with an employer I no longer work for in 3 years. I want to use the funds for my second deal, but I don't want to pay the early withdraw fees, etc. What are my options?I know I can't take a loan out...
Josh Layhue
Potential deal on 5-units
I found a property near my home that is in a decent area. I live in an area where cash flow is fairly easy to come by but appreciation is low. The deal consists of two buildings on one parcel of land: a triplex and ...
Levi K.
Down Payment - Rollover IRA or HELOC
Hello BP experts,
I hope you had great holidays.
I am facing the following situation:
I need to put 25% for my next investment. I have some savings in my bank. However, the rest of the down paymen...
Account Closed
Should I Even Keep Contributing To My Roth IRA??
Hello All,About two years ago I opened a Roth IRA after taking a college class for Personal Money Management since my teacher encouraged diversification and the tax benefits and all that jazz. Well since then, I have ...
Brent Mattison
IRA to fund LLC
I have been contemplating using money from my IRA to fund an LLC and get started in multi family. I know I'll be taxed and pay penalty for early withdrawal, But I feel I can make up that money plus more with REI. I ju...