Joshua Massari
Can I get a bank loan and use seller financing for the down payment?
Triplex Scenario ( 3 x 1 bedroom units near military base) Purchase price - $135,000Gross monthly rent - $1,650 Was recently rehabbed and is turn key with all 3 units currently rented. Seller wants to pull out cash to...
Cory Adams
60 Day Rule for SD 401k
I am familiar with the 60 day rule as it applies to borrowing and paying back an IRA within 60 days without penalty, but wanted to know if the same applies to a SD 401k?You might suggest a loan from the 401k but I alr...
Paul Allen
15,000 Reasons to Talk to a Tax Adviser BEFORE Making a Big Move
Nice lady came to see me yesterday. 73 years old. In March 2016 she moved $30,000 from her IRA to her checking account and then a few days later she moved it to another IRA. An indirect rollover. That went so well sh...
Frank Yaccarino
can money be borrowed from retirement funds
Can or is it advisable to borrow from a retirement account to do a deal? If yes, to whom is the interest payed to? would it be to my retirement account? I need capitol to finance my first deal. Is it possible to do ...
Mathew Fuller
Withdrawing the principle of a Roth IRA penalty and tax free
When I first learned about Roth Ira's, It was to my understanding that the principal that I invested into the Roth IRA account (my already taxed income), was able to be withdrawn at any time tax and penalty free. What...
Sophie Wang
Is there limit on how many times of roth conversion per 12 month?
Hey guys,I attended a webinar the other day and heard the presenter mentioned Roth conversion can only be done once in a 12 month period when he answered someone's question. I was confused, I never heard of this rule ...
Al Nelson
Holdover tenant question
I had a tenant who had not vacated the property by the end of the 30 day notice. The tenant, however, vacated the following day. This fell on the 1st day of the month, which happened to be on a friday evening. I did n...
James McCarthy
401k Hardship Withdrawal Under Coronavirus Cares Act
I've been practically day trading in my 401K to reduce the losses from this mess, moving funds back and forth between stable value to stocks a few times a week. So far it has been working very well but one of my trade...
Blake Rumley
CARES Act 401k distribution to fund REI?
Has anyone used the new CARES act guidelines for 401k withdrawal? It’s my understanding if you qualify, the money withdrawn counts as taxable income but can be paid over the next 3 tax years and no 10% early withdraw...
Mike Gennaro
How can we extract money from a 401K for RE investing? Can we use the money in our own LLC?
My friend and I own a leasing company. He has a 401k that he would like to extract some money from for use in our company. We are new to the legalities of this. Do we need him to roll over into an IRA first? Self dire...