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?

I'm reading Dave Van Horn's articleMaybe You Shouldn’t Start an Entity. Consider 4 Alternative Asset Protection Strategies Instead.And it got me curious. Almost everyone suggest getting an umbrella policy since it's r...

How much do you pay for drywall guys to repair a wall or ceiling?

I got an estimate of nearly $2000 for part of 1 room. Absurdity.

That's when there's less than $50-75 in actual supplies (drywall, tape, mud, paint...

Today is my last day of due diligence on my first flip property.  My real estate agent referred me to an experienced GC.  I like him and am confident he is reliable enough and would do good work, but I found out today...

Hi, I have been into rentals now for about 4 years.  We currently have 12 rentals, all sfh's.  What I am finding is that essentially we make no money and probably lose money slightly overall.  I was very careful when ...

Hi Everybody, I'm looking for some ideas/advice and wondering "what would you do" if you were in my position. This is for fun but I'm seriously looking at hitting the reset button for the next chapter of my life and I...

I’ve had the same tenant in my single family home for 12 years and have never raised rent. They are great tenants that pay on time, never really complain, and generally take good care of the property. Since their fis...

Good morning! I’m really hoping you guys can give me some guidance. Here is my situation. - I’m 62 years old and have 300k to invest. - I don’t have tax returns, so a conventional loan isn’t going to work (as I under...

I just ran in to a REALTOR that told me would not work with me because assignments of contract and wholesaling is illegal in North Carolina. I have contacted an attorney that advised assignments and double closings ar...

I am about to close on my first duplex and will be living on one side (top) while renting out the other (bottom).Is there any reason to put the duplex in an LLC?Just have the rent made out to me and have a new checkin...