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Has anyone taken their IRA to fund deals and offset the early distribution penalties (10% and tax bracket) with RE tax breaks? What kind of tax breaks helped (e.g., depreciation, real estate professional status, etc)?
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I took out a 3 year loan for 200,000 dollars to purchase and renovate my 3 bed 2 bath SF with the intent to hold it for a year and sell it tax free but now am aiming towards refinancing and renting it out. The proper...
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I have a seller that has a property that she wants off of her books by year's end. She owns if free and clear but owes back taxes of 3K. She's willing to sell it just to get out of it, $3K sales price.
I want to whol...
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I am looking to invest in my first property, and I was looking to buy a multifamily to house hack. I am having trouble with getting an FHA loan because I do not have a 2-year work history. I just started working at my...
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First, allow me to introduce myself. My name is Shane Griffin and I am an investor currently living in Bryan, Texas. I have one rental property (which I will discuss below) and I am currently living in a fix and flip ...
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Am I throwing money down the drain by putting it in an IRA?I'm looking at 30yrs before retirement; assuming a 5% yearly stock market appreciation I'd have to put about $2,440 dollars into an IRA every single month for...
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Can you do a 1031 exchange on a SFH or is this just for multi-family (triplex, duplex?)
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Hey BP community, I'm hoping to 1031 a property from California into a state with no income tax, and am planning on relocating most of my estate into this new state over time. I have three questions about completing t...
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Which would be the more cost effective account in order to withdraw the most amount of money and be taxed the least for real estate withdrawals? Would it be a Roth IRA or individual brokerage account?
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Are there any tax advantages to house flipping like depreciation? Are the profits tax free? I want to get into multifamily rentals. Someone recommended flipping houses to raise capital to purchase the rental propertie...