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Getting right down to it, I am contemplating cashing out my 401k and taking the early cash out penalty, to fund my first step into the BRRRR strategy. I have been self directing 50% of my account for about 3 years and...
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What are my options to get out from under an asset that had a major fire, where we had no insurance?This asset (now a liability) is owned under a self directed ROTH IRA.I know there may be follow on negative consequen...
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Hello everyone,My brother and I got our first multifamily back in August and are starting to think about good old taxes. Do you have any advice when filing / a good CPA that you may have used in the past local to the ...
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Hi All!I'm looking for local recommendations for an experienced real estate tax accountant/CPA. We are living in Greenville, SC at the moment, but are building in Spartanburg, SC where we intend to house-hack. Some ba...
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I am currently trying to close on a church in Nashville (residential R6-A zoning) and convert it into my primary residence. Two separate property appraisers (at the direction of the lender) were sent out to appraise, ...
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Hello, I am currently living in B.C. Canada and looking into buying my first home. I was recently told that it is a bad idea for US born citizens to invest in Canada. From the limited info I gathered, the only thing t...
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If I participate in syndication deals and own real estate, can losses from one be used against the other? For example, if I receive a $50,000 loss from a syndication through a cost segregation study and bonus depreca...
Good morning, BP! My wife's grandmother has an out-of-state rental property that she has considered selling. It is a small condo valued at around $75k and has not been updated in over 20 years because she has a sati...
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The money I used to start the IRA was post-tax and the value of the IRA is less than what I invested. I was thinking of waiting for it to even out, or close to it, and re-invest the money somewhere else. Are there pen...
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I will be purchasing a Single Family home this summer with the intent to house hack (with college students). With all of the financial changes that will bring, I want to get started right and find myself a Real Estate...