Connor McErlean
Using your 401k to invest in rental properties
Does anyone have experience using their 401k to invest in rental properties? I understand the basics of the process but was hoping for some more personal insight! Comment with the good, the bad and the ugly. I’m curio...
Jeff Workman
Las Vegas, NV
Hello BP,First of all, thanks for reading yet another introduction :-). Young adult here (soon to be an old adult in one year when I hit 30), who finally decided it was time to do something with his savings. I've been...
Brady Hoffpauir
Pull funds, Roll-over to self-directed, or keep in 401k
Question from an investor: They would like to use their retirement account to invest in RE. From a long term investment perspective (10-20 yrs), has anyone evaluated the financial comparison of the following: 1) Ke...
Berridge Thomas
Using IRA funds for real estate
Hello, I have an old IRA from a company I worked for years ago. There is about 40k in the account. I don't contribute to it so it just kinda sits there. I'm 38 yrs old and will be purchasing my first brrrr this year a...
Dan N.
Best financing option for first flip
I have been considering my financing options for my first flip now and haven't been able to determine the best course of action, any input would be much appreciated.
I'm figuring my first project will have ...
Steven Sather
Buying 1st quadplex and needs electric upgrade
Hello,About to purchase our 1st quadplex in Colorado Springs. The inspection came back with 2 big problems: electric is at capacity at 60 amp and needs to be upgraded. The second, while not an as big of an issue is ...
Tomasz Banas
Using HELOC for down-payment
I plan to purchase & hold my next investment property. I will apply for a loan that requires 20% down. At the same time I would like to apply for HELOC on primary residence to pay for that down-payment. Will that ...
Tookie Nemchak
Hadn't counted on this curveball - refinance woes
In July, my husband and I invested $112,000 in a single family home. We financed it through a mortgage company with 20% down obtained by selling stocks. After putting $3500 into it, the home is now valued at $150,000...
Alexi Schreier
Property manager asking to be an authorized signer
Hi all,I’m about to close on my first out of state rental and have been in contact with a property management company to manage it.For accounting purposes, the PM is asking me to open a business account at a local ban...
Joe Wood
Section 179 and income
Good morning everyone,I have a question regarding section 179 and if I would be able to deduct certain expenses against my income. My question is whether or not I can expense the full amount of my purchases against my...