Nick Scalero
Self-Directed IRA questions
I'm considering a self-directed IRA but have a few questions.
First, If I purchase a house outright how do I calculate ROI? Is it simply (Monthly Income - Expenses) * 12 / Purchase Price?
Second, since I pay Taxes,...
Shawn Singh
Novice trying to figure out where to start.
Hello, I'm a 21yr old rookie, ignorant to the nuances of real estate investing and really, life in general. However I'm naïve and passionate enough to believe I can make a career out of real estate investing. With tha...
Collin WIlkinson
Cashing out 401k / IRA's.
Does anyone have any good ways to cash out 401k / IRA's without, getting taxed to Oblivion? I am finishing a basement to put two rooms and a bathroom for renters. I have enough in my accounts to do so. I just need ...
Alan Lafontaine
What to do with 401k
Hi BP Universe! I'm in my mid-50's and just starting out. I have a small 401k of around $20k. At this point in my life, I see little opportunity for big growth in that plan. My question is, would it be wise to close...
Joe Hasbrouck
C-Corp Loans
Hello....new to the forum of BP
I have a c-corp that is loaning money to a new LLC I set up to purchase rental properties in texas. My question is can I legally structure the note where the first payment isn...
Anja Brey
Defaulting note in SDIRA - no funds for property rehab in SDIRA
I have a defaulting promissory note in my SDIRA. It seems like the house could be a decent rental, but the property needs rehab and I have no funds in the SDIRA to pay for the rehab to get it rental ready.I do have an...
Eric James
Withdraw money from 403 (b) with penalty?
My current and past employers have 403 (b) retirement plans. I have put a certain percentage of my salary into the plan and they add 128%. The employer contributions became mine permanently after I worked at the jobs ...
Daniel Hoffmann
New Construction Loans in Houston
I am looking for lenders and advice for acquiring loans for new construction. I am looking at buying a lot in Houston using owner financing. I have enough for the down payment and monthly payments. I am buying this...
Tony Valle
USING A SELF DIRECTED REAL ESTATE IRA TO ACQUIRE INVESTMENT PROPERTY
Hello Forum Community!I am reaching out to those who have used a self directed RE IRA to build their RE portfolio.I would love to hear from others who have used RE IRA's and share some success stories!The basics are t...
Steven Burrows
Solo 401k
Looking to open a solo 401k under my current Home Improvement business which is a LLC. Need checkbook control and ability to take loans. Any recommendations from those that currently have the same.