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I have a solo 401K. From what I understand; I can use the account to purchase properties so long as I use a non-recourse loan as I am not allowed to personally guarantee a loan using the account. I'd love to know if a...
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Hey everybody, I was just wondering if anybody has made use of the the CARES Act to withdraw money penalty free from their retirement accounts? I understand that you still have to pay taxes on the amount but you can s...
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I'm new to the real estate game, and I'm making a hard pivot in my financial strategy on where to allocate my money. All my life, my financial aspirations have been to max out my retirement accounts, but now I am tryi...
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So I'm an engineer by trade(27 y/o), and I've always been one to chase the money. Over the past 5 years I've only stayed at a job as long as a year and a half. I get anywhere from a 15%-25% raise when I jump jobs, whi...
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i purchased 2 fourplexes and incurred a ton of losses but project income in future. i was thinking about defaulting on 401k loan due to having enough losses to offset
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Working on purchase a home for myself. Going back and forth on setting a potential closing date. Sellers wants to move it back several weeks to find a new home to move to.Question: Once we agree on a closing date and ...
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My husband and I sold one of our rental properties towards the end of May. We have found another property we now want to purchase. Could we possibly still do a 1031 exchange or is it too late now? We did not know for ...
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First time vetting hard money lenders for a flip I have under contract but not closed yet. One potential lender has attractive terms (8%, 2 points, 100% financed, no prepay penalty), but on the phone he has very spott...
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Hello. An off market deal has been offered to me. It is a 2 car garage conversion to an ADU without permit. It has been rented for the last 8 year. How can I get a permit? Consequences not getting a permit and keep re...
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Hello everyone,
I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.
I have a pending income tax payment of approximately $200K for the year 2023, due by Septem...