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My husband and I were thinking of taking some money out of our ROTH IRA for the REI business. The amount we'd withdraw would be around 20% of our overall retirement funds. We are in our 40s, if that matters.Aside from...
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Hi Bigger Pockets,I'm working with an investor and GC who is looking for a cash investment on a flip that he already has in process. The project has about seven other investors already contributing. The numbers look p...
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Hello BP community, I invested SDIRA funds as an equity partner to fund a high value house flip in the LA area. The contract was done via an Op Agreement / Promissory Note. However, the flipper miscalculated rehab c...
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I'm an experienced flipper and BRRRR investor, doing my first deal with equity partners. Hoping for some advice on how best to structure. Here are the numbers:Palm Springs property, will be a high-end Airbnb (after re...
Just opened my first SD-IRA for REI, deposited 2017's $5500, and converted to Roth. Plan to do this again in 2018. It'll be maybe a few more years until I have enough in there to buy a turnkey rental (our primary RE...
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Hey folks,
Several weeks ago, I posted some questions about what I suspected was an un-informed group offering IRA advice. As I suspected the advice was bad, as indicated by the answers I got here, my accountant, an...
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Thanks again for letting me join your fourm.
My name is Christian Spoerl
I am also learning to become a real estate investor, and looking to meet other professionals in the in...
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Hello BP! I am excited to announce that I am embarking on my first real estate deal (wether it goes thru or not is another thing). My contribution to this deal is to provide the financing for the rehab. My initial dis...
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Hello-I met with a Financial Advisor from Fidelity to go over my retirement accounts. Currently, I have a Roth IRA (that I contribute monthly) and a 401K with my current employer (company matchs up to 5%). I will be t...
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I am closing escrow on a property next week that is a duplex in need of some remodeling. We need to borrow about 130k for the remodel and will refinance in 6 months to 2 years to repay the funds borrowed. It seems t...