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Rookie investor here.
Is it true that I can borrow from my IRA for the brrr strategy if the funds are being used for repairs? If so, what are the pitfalls? Thank you.
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Hello BP,I am interested in switching my 401K over to a self-directed IRA. Does anyone on BP know how this process works?
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Hi All, I need some advice on self-directing ira to put the money into a deal. I Have a duplex deal I'm about to write up and I need to roll my 401k into something I can use for the downpayment. What direction should ...
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Is anyone familiar with a self directed IRA in rental real estate? What do I need to consider before rolling over my IRA into property? Is there a $ limit? What are the restrictions?Thank you!
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While it is not possible to roll over from a ROTH IRA to a ROTH 401(k), would it be possible to have the ROTH 401(k) buy an asset from a ROTH IRA? Would it be a prohibited transaction?I have some investments in a synd...
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Hi guys,
Lets say a person puts money into a Roth IRA, but then few years later, IRS penalizes this person because this person was making too much money. What would that penalty look like?
In 2019 I believe for a s...
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I did a direct rollover for a rental property.question: Can I deduct repairs from the remodel as well as take advantage of the depreation schedule as i do on a triditional financing.
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Hi, I am really new here to Bigger Pockets. I have been a member for a few years, but just recently starting gaining Huge interest in the podcasts. I am changing day jobs this week and that will give me the opportuni...
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I’ve seen parts of this question answered, in previous threads, but looking for a more comprehensive answer/advice.Quick background, I currently work a W2 job, have my real estate license and practice general brokerag...
Hi,
Does anyone here have experience rolling over funds from their 403(b) retirement account into a self-directed IRA?
Thank you