Tanjaree Turner
Withdrawing from 401K for investing
Looking for input regarding the pros and cons of withdrawing from a TSP (= govt 401K) plan that is just sitting to use to purchase an investment property. I'm no longer a W2 employee so I am not currently contributing...
Chan K.
Boston, Landlord, LLC, Withdraw of Payment
Hi BPers,I bought a property under an LLC that I formed. I setup a business account where I deposit all the income in there. I also use the account to pay for debt service, tax, insurance. misc expeneses ....I list my...
Mike Thompson
TSP - roll into SDIRA or Cash Out?
I have 90K or so in my TSP.I’m interested in using it more effectively.I currently have one rental property.I don’t currently have a real estate investment LLC, but I’m thinking about making one.I don’t currently have...
Benjamin Necci
Fundrise?
Does anyone have any experience with an investment vehicle like https://fundrise.com/? Just curious if it is a big scam, or something to be considered. Maybe a good move for a novice? anyone have any thoughts?
Saqib Raja
Should I withdrawal my 401K to expand real estate portfolio
Withdrawing 401K entails a 20% tax cut and 10% penalty fee but I want to use it to being my real estate journey and exit my 8-5 in the next 2 years. Any thoughts if this is a good plan?
Shannon Carter
Family funding w/ private money
Hello Bp,
I would like some feedback on this creative financing I am trying to do.
I have done 2 successful flips and also have one 1 buy and hold.
Now that I have a little skin in the game I’d like to ask my dad ...
Basilio Alcantara
Using an IRA withdrawal to buy investment property
Hello Everybody,
Quick question, Can I buy an investment property by taking a temporary withdrawal from my IRA Account and avoid paying taxes/10% penalties by putting the money back in the account within 60 days from...
Danny S.
401(k) Situation
Good Morning BP!So I have about $19k stuck in a 401(k) account with a former employer. I'm fairly young, 30, so my investment allocation was 85/15 stocks to bonds. Since its inception over 5 years ago, my overall rate...
Curtis Chism
Using IRA First Time Home Purchase Withdrawal for Remodel Work
I have an opportunity to purchase a house that just needs some flooring, paint, and appliances to finish it up. It’s been more than 2 years since I owned a home. I may pull some money from IRA using the first time hom...
Christopher Morin
Tenant wants to give 15 months rent UP FRONT
Yep, 15 months. She's not a drug dealer, but she is receiving a very large divorce settlement, has no income, will be going to nursing school. She is worried that without income she'll have a hard time getting appro...