Helen Kirk
SDIRA question vs taking Roth distributions
I have 75K in a Roth IRA that I'm considering rolling over into a SDIRA Roth Ira. I just turned 59-1/2, so could take all of that out and use it tax and penalty free without setting up a SDIRA. Would it be more adva...
Haydn Zeis
How I walked away from my first deal with $67,899.45; thanks BP!
As I’m writing this I’m about 12 hours and 30 minutes away closing on my first deal. However, I’m not going to post this on the forum until the paperwork is signed! You never know what can happen!In 2014 I purchased...
Account Closed
Life Insurance to avoid taxes?
Is it possible to avoid paying capital gains if i get a life insurance?I heard life insurance has 3 benefits1. It pays you 6%.2. Your money is untouchable.3. Tax shelter
Wayne Emminizer
1031 Exchange to New Rental / New Residence Question
I have been trying to learn all I can about the different real estate strategies and I always like to have multiple exit strategies. Completely understand in a 1031 exchange the new property needs to be a higher basi...
William W.
Selling Primary Residence to Entity Owned by Me (LLC etc)
Hello. First post here but I've been incredibly impressed by the level of knowledge and sophistication of the community. I've seen this question asked before but I haven't seen an answer that address my specific co...
Haider Abdullah
SDIRA - yes or no? Experience welcomed
My wife has a SDIRA. From what I u see stand, because I’m not connected to her linearly, I should be “qualified” in terms of being able to take profits on deals. Scenario:Wife and I structure $100k deal flip through h...
Hen Ley
Flip in personal name or LLC to take advantage of expenses?
We are looking at a live-in flip and want to make sure we're able to write off all the improvement expenses when we sell it. Is it best to have the property in an LLC or our personal names? I wasn't sure if we'd be ...
CA Hindmand
200k capital gain house hack turned rental. 1031 or move back in?
Keep it, move back in or 1031? I did a house hack without knowing what it was. Lived there 5 years and it's been a rental for 6, with the EXACT SAME AWESOME RENTERS from day one. (The renters now on a month to month...
Alex Ewing
Renting Out Current Primary Residence — How?
We are considering moving to a new home and renting out our current home. My question is how this works—I am thinking we would transfer title to an LLC, but do we have to notify the lender? Can we just keep making the...
Kelly Flatt
Sell homestead or convert to long term rental?
Hello BP,We are upgrading our personal home and trying to decide whether to sell our current home tax free thanks to homestead or turn it into a long-term rental. Does anyone have a concise formula for this? With no r...