Scott W.
the danger of a 401k loan
I'm sure it's been discussed before but I'd like to tell something I see (correct if I'm wrong):a 401k loan should be among the last resorts for borrowing. reason being is you pay it back AFTER taxes. if you live in ...
If you’re asking your CPA how to not pay taxes, this may be the perfect episode for you. In fact, this episode is geared towards anyone making money in real estate, and listening could save you a massive amount in tax...
With solid tax planning, receiving an inheritance could provide an enormous boost on your journey to financial freedom. One misstep, on the other hand, and you could be lining Uncle Sam’s pockets. Fortunately, we’ve b...
Alejandra Tapia
Borrowing money from your 403(b)
My tax preparer recently mentioned the possibility of taking out a loan from my 403(b). He mentioned that a good thing about this is that I would pay back the money to myself, with interest, as opposed to the governme...
Curtis Woods
Should I use my 401k to purchase my 1st rental property?
I currently have a stale 401k with my last company which I'm no longer contributing too and it's been sitting there for over an year. I have a new job and currently contributing to my new companies 401k plan. Would it...
Jim Stanley
Please critique this plan for Florida short term rental
My wife, daughter, and I live in a suburb south of Denver, CO. We have a SFR residence and a SFR rental just down the street that I self-manage.My wife is from Ecuador and hates the dry climate in Colorado also the c...
Anthony Smoke
My first Deal after 1 week on BiggerPockets
I received a deal from a wholesaler on BiggerPockets (I gave a reference to the wholesaler). This is a single family home located in Wilmington, NC. The deal was $80K for a 2 bed / 2 bath 1140 sqft property. It has re...
Paige A.
New Graduate: Invest in Real Estate or Invest in 401k and RothIRA
Hello everyone, I am a recent graduate from college with a job that is paying decently well, approximately mid five figures. I have saved a lot from working throughout college and have approximately 20K in savings. As...
Nicholas Young
Newbie - Down Payments - Ways around them? Ways to fund them?
My wife and I have always wanted to get involved in real estate and have recently really begun studying on how to make it happen. We have 2 kids and are trying to create more free time spend with them. Through all th...
Tim Kaminski
Sell property to buy multiple others?
Market is hot, getting cash offers that are way over what my property is worth. 2.5x what I bought it at. It is becoming harder to ignore. Would be about $200k profit from one property that I could use on 2-3 other p...