Mike Jones
Help me understand what this means?
So this recent news sent to my email from BP with a link to:
http://www.biggerpockets.com/renewsblog/2013/01/01/fiscal-cliff-real-estate/
Says:
Additionally, the passed bill included an extension to keep tax-free the...
Oren K.
Estimating Utilities
I am looking at a property that due to a variety of circumstances it does not have a lot of historical information available. This got me thinking about how to estimate gas, electrical etc. Yes, during the DD period,...
Olutomi Odukoya
How Old of a Home Will you Acquire
When considering acquiring a property, how old of a building will you buy? I'm trying to stay newer than 1980 so I'm far enough removed from lead pipes and asbestos. What do you guys think?
Andrew Reid
Job Change - Roll Over 401k or Invest in Existing Rental Property
I also posted this on Reddit Personal Finance subredditI would like to get feedback on my current situation and trying to make a final decision. I have money in a 401k from a previous job and also a rental property th...
Cameron Moore
Should I opt out of FICA tax?
I am a licensed minister working for a non-profit ministry. I have the optIon of opting out of FICA tax. As of right now I am paying It setting aside $750/month. I was wondering If I should stop paying that tax and pu...
Daniel Dietz
Can I sell a house to myslef my SDIRA holds once I reach 59.5?
Hello All, I am thinking WAY ahead on this topic, but it is something I have not seen or heard much about here on BP.While the rules are very clear and it seems easy to understand as far as what the rules are during ...
Vic B.
Money from 401k to invest in RE.
I would like to get the funds out of my 401k to purchase more rentals. I love this business and think I could do better than my broker. Is there a way to do this and not get hit with a penalty? Leave the RE in a re...
Gary Johnson
Financing apartment project
I have a 4.94 acre tract of land that I think would be a good location for a small apartment project. Not sure how many units I could expect to get on that size lot. Are there any government programs that I might be a...
Andrey Y.
Are you a Prodigious or Under Accumulator of Wealth?
I am reading the book "Millionaire Next Door" which had been rec'd by a few podcast guests if I recall.They discuss the following formula as a guide to what your net worth should be:Multiply your age times your realiz...
Hampton Edwards
Self Directed IRA (after age 60)
I've seen a lot of info about the self-directed IRA for investors that are under 60, but I haven't found anything (yet) for those of us 60 and over. Is that still the best vehicle to move my 401k into, if I want to in...