If I did two flips last year can I file both as capital gains or would I be considered a dealer and have to do a sch C? Both were held less than a year. Thanks
I fell like there is more to it than just this. I have watched lots of videos on people claming that if you invest $1m dollar into index funds and only take out 4% every year then you will never run out of money. Is t...
Hi everyone,I was hoping I could find some advice here on renting to prospective retired tenants in their 70s. The prospects have great credit score and savings but don’t have a monthly 3x. I am not sure how to consid...
Hi all :) I'm considering liquidating my 401k to buy rental properties. I currently have 4 and they're cash flowing quite well.I've been reviewing a few discussions here on BP that discuss the benefits and disadvantag...
If I were to convert my 401k to a Self Directed IRA would it be possible to use those funds to partner with someone and If possible how would that work?
The short of it:I'm retiring from the Army 01Oct17 with 21 years of service. Terminal leave starts 28Jul17. Dream job lined up, starting 01Aug17. I will be the Senior Army Instructor for Missouri Military Academy. Bet...
Hi BP community, I have 403b from an old employer that I want to use to invest in RE. There is just under 100k in this account and when looking to withdraw the money, I was told I would incur over 30k on fees and pena...
I have been reading (scouring) the forum on SDIRA/SDIRA-LLC/SOLO-401K information, and am absolutely confused! And the more I read, the more cautious I am getting!So what is the real deal on these setups? Do I need t...
How do hard money lenders that do not put them selves out to the public and lend only to 3 individuals I know that have LLC's. You pay federal taxes , how about local taxes ? The llc's are in Florida but I live In Tex...
We have recently been introduced to the Solo 401K and are getting ready to switch our other investments over to it. We are primarily interested because of the ability for property investment. This brings me to the q...