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Results (2376)
John Clendenon How to structure a flipping partnership?
14 January 2017 | 10 replies

Starting to flip with a young go-getter. I put up all the cash and he does all the work. What's the best structure for such a partnership: liability, taxes, avoiding commingling with other deals, expense tracking, etc...

Rick Im Do these expenses qualify for start-up expenses?
6 December 2024 | 10 replies

Hello,
I purchased my first rental property on October 4th. After a month of renovations, I listed it on the market on November 19th and secured a tenant with a lease starting on December 10th. Before this purchase, ...

Michael Forbes Roth IRA/401k withdrawal for REI - Need Tax Help
1 November 2020 | 6 replies

Hi All - I am 31 years old and found a duplex with a lot of upside but it has to be a cash purchase. I want to pull money from my Roth IRA but want to do it correctly so I don't get hit with taxes and penalties. I am ...

Larry W mullen Decisions on whether to cash out my 401K and move to real assets
24 August 2022 | 8 replies

I am at the point where I can take distribution from my 401K, and would like to move from paper assets to real assets.  Does anyone have any ideas on if this is a good idea, and are there any tax strategies I can empl...

Stephen R. Lose a tax deduction for donated property?
1 June 2017 | 7 replies

I'm looking to pick up a property that was donated to a charity. (Actually to be more specific it seems it was quitclaimed for $10) I'm being told that the charity will not agree to my offer price because they are con...

Jim Goebel Kids College Savings - 529 vs Coverdale vs Roth IRA
1 November 2019 | 27 replies

Hi everyone, We've been thinking through the best way to save for kids college.  We have two kids and have been maxing out our state's 529 plan.  Quinn is a 3 year old boy and has about $18,000 in a 529 account alread...

Clary Roberts Newbie from Sedona, Arizona.....
7 April 2016 | 26 replies

Hello there from Sedona, Arizona.....I am a 62 yr old married man about to retire from my full time job and am a licensed realtor as a part time job.My wife and I are considering and starting to learn more about manuf...

Account Closed 2 weeks away from auction
18 March 2018 | 6 replies

Hi everyone,I'm meeting a seller to sign all the paperwork to purchase her property tomorrow. The property is in Texas and I've never purchased a pre-foreclosure that is only a couple weeks away from being auctioned o...

Mike T. 401k for rental property
6 August 2020 | 2 replies

I am interested in acquiring a rental property for some additional income now and for the future. I am 50, so I don’t have a lot of time or ability to save up for a down payment. I have a small 401k and I have the opp...

Leticia Camunez-Hanby Next investment 100% OPM
12 August 2021 | 2 replies

Planning to fund my next 2MF 100% OPM. So far I have been unable to refi my 2 sfh rentals because combined value is about 70K, not meeting cu/bank minimum values. So, has anyone used PML/HML for the down payment and c...