Hello everyone!I have been consuming all the great info from biggerpockets for 18months now but this is my very first post and I am excited to get insights, suggestions and particularly legal advice for my situation.I...
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My strategy for investing includes Buy & Hold, financing flips, and of course Lease Options!How can I best setup an IRA in which I can own an LLC to purchase and acquire properties, that are LLC's themselves?Sorry...
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We have 2 options now that we're selling our home and cashing out enough money to pay our daugher's college fund. We have a 403B account in my wife's dad's name that is over $300K that is only drawing 3.5% interest. S...
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Hi Biggerpockets community,I've recently been interested in investing in real estate but have had a tough time determining the right path. I've heard you can invest through a self directed IRA or 401K but my question ...
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Has anyone been told No when trying to setup a bank account for their Self Directed IRA owned LLC?My bank for decades now said they aren't willing to do it but wont tell me why.
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I am 68 years old. My Roth IRA was opened five years ago in August 2019. I have been contributing regularly to it. Is there any reason I can’t take the whole amount out of the Roth IRA to purchase my first turnkey pro...
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Hello Everyone,Me and my team of International Investors....Just kidding, been listening to BiggerPockets podcast, couldn't resist.Anyway, here is my finances laid out, if you were me how would you proceed? Currently,...
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I've been reading up on the Self-Directed IRA, and from what I've found is that any cash flow/profit goes back into the SD-IRA. How does one legally obtain funds from a SD-IRA for basic living expenses if the purpose ...
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I am looking to buy a home and may need some additional cash to complete the down payment. I have a simple IRA that I'm considering withdrawing from to complete the down payment and was hoping to fall under the "first...
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I have a two part question. 1. If I understand the SDIRA, without an LLC I have to wait for the custodian to approve a transaction in addition to them charging me fees..correct?If that's the case is there a reason not...