Marcus Robert
Self Directed IRA or Other regarding 401k
Greetings: I’d like some input on using my 401(k) to purchase Rental Properties via a self-directed IRA. I understand that you need a custodian, I understand that you can only transfer the 401(k) once you have stoppe...
Account Closed
Using personal savings to start business
Hello,My husband an I started in real estate flipping houses this year, we already had a corporation from a previous business so we are currently a corporation. We used our personal savings to buy our first property a...
William Kuczmera
Is Cashing out my 401k to buy a duplex a good idea ?
I currently own and live in one side of a duplex I picked up just over a year ago. I am anxious to purchase another. I am strongly considering cashing out my 401K in order to be able to afford the 20% down payment tha...
Reggie Rearden
Raw land Value in Aiken, SC
I'll be closing on some land that we will eventually be building a primary resident on. Given the current status of the country, what are yall's suggestions or advice on following through with the closing? I'm worried...
Rich Weese
4th obstacle to creating real wealth
And by far, is income taxes. I know there are tremendous legal methods how to not pay income taxes, or to pay very little. Judge Learned Hand(his real name!) once said in a court case " it is the right of every Americ...
Account Closed
Should I Even Keep Contributing To My Roth IRA??
Hello All,About two years ago I opened a Roth IRA after taking a college class for Personal Money Management since my teacher encouraged diversification and the tax benefits and all that jazz. Well since then, I have ...
Matt Camilliere
Penalty Free COVID Roth IRA Withdrawal? Need Private Money
Hi BP Community,Firstly - has anyone had any experience taking money out of their Roth IRA during COVID-19? I heard there's a 100k withdrawal allowance with no penalty and a 3 year grace period to replenish withdrawn ...
Steven Sather
Buying 1st quadplex and needs electric upgrade
Hello,About to purchase our 1st quadplex in Colorado Springs. The inspection came back with 2 big problems: electric is at capacity at 60 amp and needs to be upgraded. The second, while not an as big of an issue is ...
James Davidson
401k withdraw & the Coronavirus
With the CARES Act and the ability to withdraw 100% of my 401k without penalty I am very close to pulling it out as a loan to myself. This way I essentially have 3 years to pay it back and when done it still grows. Wh...
Anna Johnson
Tenant with electric car
We live in a 3 family house and one of our tenants asked a couple of months back if she could get an electric car and pay us $50 a month to have it charged up. We generally like to keep our tenants happy and care abou...