Hello BP community! I'm very excited to be here and always happy to accept any tips from anyone. I'm still on the early stages of my investing journey and I ran into this question while studying. When I do get a prope...
We are just starting with our investment in real estate. We identified and entered into contract to purchase a property that would break even with the 30% downpayment that we are putting down. Naturally we were exc...
I am interested to know how using a tax-deferred retirement account to purchase a rental would affect my ability to use depreciation. On the surface, it seems that you would not be able to depreciate an asset in a t...
Hi Everyone,I am just getting started and wanted to figure out the best structure to setup my business accounts as well as fund /withdraw from it. The main goal here is to maintain clean trail as well as minimize que...
I am retired with a several rentals and looking to minimize taxes. I was reading a tax saving idea regarding using the equity in a real estate rental instead of withdrawing Retirement Savings. From what I understood, ...
Hi all,
How do you withdraw the money in your current employer's 401(k)? I don't have a financial hardship, and I don't want to take out a 401(k) loan. Is this possible at all?
I know there are penalties for withdra...
Hi all,
I'm trying to implement a cash damming strategy to convert some of my personal property mortgage into tax deductible debt, and I'm looking for some guidance. I have a few rentals that have LOCs associated wit...
As the title states I am interested in hearing opinions on what people on here think is my best option for salary compensation to allow for long term wealth and RE investing. I currently work a J.O.B. that i enjoy whe...
I believe this is my first post. This question has been on my mind for a while so I thought I would pose it here and see what others think about it. My goal is to buy my first property in 2018.
I just started a new j...
I have a two family house and the plan is to buy another one in 4-5 years. Keeping the current one, rent out both units, and move into the new one. We've been saving up for a down payment to do 20% down. Currently hav...