Keith Jablonowski
401K Loan - How do you account for it?
How would you typically figure in a loan from your 401K into your rate of return?
I wouldn't think you would calculate as debt service since the interest you are paying is to yourself but it does effect your availabl...
Monica Kovalsky
LLC Accounting Questions for New LLC Owners (cross posting)
Hi everyone!My husband @Kevin Kovalsky and I have been in the process of setting up a business structure for our rental properties where each property is in its own LLC and then all the individual building LLC's are o...
Matthew Hite
Withdraw Retirement to Fund Real Estate
Wanted to get people's thoughts on withdrawing from my Roth retirement accounts (and taking the 10% penalty) in order to invest in real estate? I've been using the BRRRR method to purchase properties and know that my...
Dawn Anastasi
Roth 401(k) - information on loans/withdrawals
I currently have a 401k through my full-time employer and have 6 rentals on the side. I have read some information on BP and other sites about taking money out of one's 401k or using some type of self-directed IRA.
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Christina Marie Carnuccio
401(k) Withdrawal for first property/ Tax Withholding
I planned to use my 401(k) to invest in my first rental property with my husband. I no longer work and I thought it would not have any penalties since I was not employed. Turned out not to be the case because after go...
Eva Morel
Withdrawal from 401k?
Withdrawal from IRA?Due to COVID I have access to withdrawal from my IRA penalty free. The purpose of the withdrawal would be to put the money directly into a real estate investment. I will still will have some money ...
Ahmad Mohammed
Withdraw 401K - Urgent, please help.
I need your help in deciding to withdraw 401k.I draw $170k per year. I have $100K in401K. I am planning to relocate to my home country for good and need your advice. How much can I get on hand after penalty and taxes?...
Nik Sharapov
Withdrawing 401K at 59 1/2 and using to buy a House.
Hello Bigger Pockets forum users, my father of 59 1/2 years old is thinking of taking out his 401K and using it to buy a house in order to pay less taxes due to withdrawal of the 401K funds. Is there a way to do that?...
Steve S.
Need a creative way to add funds to a downpayment
I own a couple of rentals and have a > $1M net worth.Probably 60% of that NW is in retirement funds with the other 40% being in cash, brokerage accounts, equity in properties (approximately $100k in equity).I have ...
Madan Anand
Down Payment from Pension/401K Funds & How to avoid Income Tax.
Hi, I want to buy a Duplex/Triplex rental property. I have to make down payment at least 20% to avoid PMI 30 Years Fixed Loan. I am retired. How can I save Income Tax for withdrawal of funds for Down payment. Need hel...