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Hey everyone, I'm very excited to start this journey in real estate investing. The 1st thing I know I have to do is get the funds. I'm shopping around for a Life Insurance policy to take out a loan against the policy ...
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So I discovered that I have two 457b accounts (from a prior job that I had) that combined equal $30,000.
I turn 50 in October and can withdraw the money without penalty and simply pay the tax at my normal income tax...
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Anyone else considering doing this? Is this a crazy plan?My plan:
My wife and I lost daycare so we're splitting time off to take care of our children.
We have significant cash reserves and 75% equity in current RE ...
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I just finished Scott Trench's book "Set for Life" and let me start by saying it is a awesome read and I fully recommend it to anyone and everyone.In the book Scott bashes on typical retirement plans such as roth IRAs...
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Has anyone used the new CARES act guidelines for 401k withdrawal? It’s my understanding if you qualify, the money withdrawn counts as taxable income but can be paid over the next 3 tax years and no 10% early withdraw...
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I have a 401k plan with an employer I no longer work for in 3 years. I want to use the funds for my second deal, but I don't want to pay the early withdraw fees, etc. What are my options?I know I can't take a loan out...
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Hello,
I am looking to buy a value add property. What is the best loan practice for renovating?
1st loan : DSCR loan to purchase the property.
2nd loan: Renovation loan, should I get a loan from a credit card? or ...
We are looking to start an LLC as a genuine construction company and would also like to use the company to purchase timber land. The thought is that the LLC would be used to cover the operating costs and as a tax she...
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My local lender told me this last week due to the covid bullshit. Why it would affect that? The eviction moratorium?This has really thrown my plans to use the equity in my home to buy more rentals. Is there a workaround?
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Hey BP fam,
Hoping to reach some savvy investors with this question. So I decided to close my old 401k from a previous company. I was going to move it into an IRA.
When I talked with my IRA rep he says I shouldn’t ...