Ben S.
Pulling money out of Roth 401k to invest in RE?
Hi all,I am a newer member on BP and this is my first post. I am looking for thoughts on whether I should pull money out of my Roth401k from work to invest in RE? I know typical tax advisors etc would tell me no way b...
James L.
I maybe just lost 30k
Hey everyone,
I need advice!!
So I identified a four plex for my 1031 exchange and then put it under contract. This will be my fourth property but the appraisal came back very low. I have seen several sell in that ne...
Dylan Kerwin
Foreclosing on a Tax Lien - Doing it the right way
New to the forums and really interested in leveraging tax liens as a strategy in NJ and NY. I have one major drawback... I can't help but to feel like this strategy has the potential to be highly predatory. If I am no...
Banis Boortian
Joining the military and want to know more about my finance.
joining the military and want to invest in real estate. Going in as an E3 my pay will be around 1800 before taxes, after taxes around 1500. Im planning on saving most of my income to invest in rental properties. W...
Account Closed
Infrastructure Needed To Scale Your Airbnb Business
Most people get started in Airbnb because they have an extra home or somehow have access to a secondary property that they think will be a successful vacation rental. This is a great way to get started because taking ...
Cameron Riley
I cut down a tree on my property
Instead of removing it.. I felt no need toI just cut it down and let it die in my backyard on my property line. Now people are complaining about itWhat would you do?
Carlos Silva
How do I minimize taxes on pulling money out of 401k at age 65
What is the best way to pull money out of a 401k and minimize taxes at the age of 65? I would like to acquire more properties to produce cash flow for retirement.
Abdulai Hussein
I have money saved up but my taxes show no income due to writeoff
I am looking to buy my first house. I have over $20K saved up however, my 2018 and 2019 taxes that I filed showed no income due to deductions I took. Is there a way I can still qualify for a mortgage? If so which lend...
Zoey W.
Confused about how this would be taxed? (if house was bought with money donated...)
Let's say someone bought a primary residence for 300k but 100% of the down payment was using money that was donated to the person by their parents and that this donated money was large enough to make an all cash offer...
Account Closed
My LLC finally made some money! Now how do I get $ and pay taxes?
Hello, I finally sold my first deal, but it did not to go as well as planned. My LLC did not make any money for its first whole year and all the finances came from me loaning it. I know for a fact I probably d...