I have two rental properties which I bought 4 years ago. My initial investment in each home was $40,000. Our market has gone crazy, and at this point, if I sold, I would net around $150,000 on each house after taxes...
I'm in my 30s. Have portfolio of dozens of units. Net passive income is pretty comfy. In fact, 100% of my income is now passive.So, this morning I suddenly became interested in starting a retirement thing for myself....
I have been thinking about starting a self directed IRA to save up for future Realestate investments. Does anyone have experience using self directed IRAs? What are the pros and cons?
A few months ago my cousin questioned the virtue retirement. As a physician and successful investor, although his work will change, he never wants to stop working.It's good to note that with a successful private pract...
Hello BP - I've been thinking quite a bit about the amount of monthly cash flow I'll need to quit the rat race and provide a comfortable life for my family. Here's very broadly what I'm thinking:Gross Monthly Cash Fl...
Can anyone speak to buying investment property using a self directed 401K? My understanding is the cash flow must go back into the 401K and it must be a non recourse loan. love to get some input / feedback
Here’s my dilemma. I have ~$150k in an employer 401(k). My job ends at the end of February. After that my and my husband’s plan is to invest in multifamily rental properties, reinvesting all of the profits as we go in...
Hello Bigger Pockets Friends! Looking for guidance on two questions related to single family detached rentals. 1.) If I sell a rental that I acquired using 100% qualified retirement money from a Solo 401(k) and immed...
Hey BP I have a scenario to throw at you and I’d love to hear your thoughts. I have a friend in her late 40’s who has started focusing on preparing for retirement. With around 100k in a 401k and 75k in cash she is won...
My current tenant moves out soon in my rental property and will be filling the vacancy. I have received interest from a retired tenant. Now, if they don't qualify for income of 3x the rent is it a definite no?Any ot...