J Newman
Loan from 401k when retired
My husband was able to retire fairly young from a government job. He has a 401k, but he is retired. We were thinking about taking a loan from that to put a down payment on investment real estate, but he said that he t...
Andrew Lax
Private Lending - Whats your ideal loan
Long story short, I have been selling assets and plan to move back into the lending side of the business...
We had a small portfolio of Hard Money Loans over the years that have since been paid off so not new to the...
Drew Brower
Should I make tenants pay a penalty for wanting to break the lease early?
Hi everyone, I have recently been renting out my first house for the past year and a half. The tenants have been great and we have maintained good communication if anything needs fixed or addressed. However, they have...
Isaac Passmore
House Hacking and Paying Extra
Is there any penalty for paying down a mortgage early? I'm trying to get started in DC and the down payments needed for a conventional loan is 20% however, for a standard duplex that's in the 140k-300k range. I'm not ...
Shawn Krieger
are these good terms for dscr
TBD, LLC
No. of Properties 1
Quote Date 10/20/2023
Property Value $ 549,000
Rental Income $ 8,125
Taxes $ 6,339
Homeowners Insurance $ 1,974
HOA (if applicable) $ 0
The above information was used to calculate ...
Jacke Draper
Solo 401k - Self Dealing after 59 1/2 yrs
I am considering buying property using an LLC (which has my solo 401k as a 25% member) and keep it as a rental. I would keep the expenses split 75/25% subject to the rules of the solo 401k. However, when I reach 60, c...
Mark Doty
401K Dist, reduce income tax through cost segregation v. ROBS?
Before exploring this concept with a qualified legal and tax professional, I wonder if any of the community has anecdotal experience around taking a distribution from a 401K and balancing the earned income taxes with ...
Michael Freeman
Cashing in retirement for 2nd house
Looking or some wisdom on if this is a good call. We have a manufactured home that will rent for $2200-2400 monthly with a monthly payment of $1150. Our renters just moved out and we finished a repaint of everything, ...
Devin Basile
Self Directed IRA
Hello. I am looking to purchase land and potentially rental property using a self directed IRA. I am looking to establish an understanding of the following so that I can make decisions on how to structure the LLC": - ...
Jeff Anderson
Are SDIRA proceeds tax-free when I am already in retirement?
I am 71 years old and retired. I am taking my social security benefits but I also have savings in a 401k, and a Roth IRA. I've been approached by a local real estate investor to become his "private lender" on fix and...