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.
With now being able to take out money penalty free from a 401k and where the market is currently, would taking the money out now and saving it for investing in real estate be a smarter move long term? Especially with ...
Hello experts on the 1031 topic,I have searched many posts on this forum and have found lots of great info on 1031 exchanges. I have learned A TON, however I don't believe I found the right answer to my particular ...
I am in the process of subdividing a lot and building 2 new homes. It was brought to my attention that deconstruction could more than pay for itself with the tax deduction. But this is $30k more expensive than demoi...
Hello All,I just got back my K1 from the accountant on a property that I purchased in 3/2013, rented out and then sold in 6/2014. The K1 has all of the profit listed on line 1 as ordinary business income and does not...
Having spent some significant time working with borrowers buying and selling property who are trying to complete a 1031 exchange, I thought I would post regarding my experience.1031 keys:1. Defer income tax.When selli...
When I first started out in this business, I was very intimidated when dealing with very nigh net worth potential investors. (Okay, I'll admit it: sometimes I still am!) I would question my own credibility and b...
I am selling a single family home, that i have bought and fixed up over 14 months. did not live there. i would like to buy a multi unit (4) and roll the money into that. just found out we may be closing tomorrow.. ...
I have experience in web design and was wondering if I should start offering custom websites/marketing funnels to wholesalers & investors so they can build their list easily, or bring in new leads easier.Here are ...
I know I am facing an financial uphill battle in particular when starting out in this industry, however I am choosing to look at this as an opportunity to learn and find a solution that works for us.
While working ...