Have $100k In my 401k, would it be wise to cash out the entire amount for a rental property? What would be the tax implications? I live in CA. I know I would pay the tax on it now, but it was all tax deferred contribu...

Hey BP,
I’m having issues deciding on whether to Cash Out Refinance or take out a HELOC. Here is my situation:
I currently own and live in a five unit multi family. There is a good amount of Equity in the property. ...

Hi, I just bought my first house in Pensacola, FL and I've started working with a PM that is a friend of a friend who operates down there.The PM asked me to give him a credit card and a checkbook so he can pay when ne...

I am negotiating my first deal (fix and flip) and need Proof of Funds. Here is some background...I've been going back and forth with a seller working through propoffer.com. The original list price was just over $100,0...

Hello all, I have a tenant who overall has been a decent tenant (paid rent on time, let us know if maintenance issues etc) however her lease is coming up next month and she admitted to being unemployed for the past fe...

Hi - I recently learned about some of the benefits of a Solo(k) account with respect to using tax advantage to savings towards and Real Estate (hat tip to the BP TC strategies book!). I am a public school teacher and ...

Hello BP,Can someone help explain why self-directed IRA’s are subject to UBIT tax on non-recourse loans but a solo 401k is not? I understand that the 401k is considered a “qualified plan” but, in my eyes they both hav...

I’m looking to get started in an LLC for the two rental homes, I currently have. However, I’m trying to research which option is most beneficial. Do I create an LLC per home or one LLC for both homes ? Looking for inp...

Hello everyone!I'm interested and have been reading about SDIRA and had some questions I was hoping to get answered.(1) Once the money is transferred to a custodian and a property is found all profits go back into the...

I haven't seen a lot of discussion about this topic which surprises me since I feel like personal finance people talk about HSAs all the time! A couple months ago there was a guest on the BP money pod that said someth...