From a tax savings perspective, is this a good idea? If I had three paid-off owned free and clear SFRs generating $3,000 a month in rental income, would it be wise to put down 20% on a primary residence and use my ren...
Hi BP,
We currently have 3 properties in the Bay Area, 1 of which is our primary residence. The other 2 are rental properties with enough positive cash flow that we have to pay taxes on the rental income after all the...
I am a retirement account maximalist. I want to make sure I'm not missing something.I can withdraw penalty free from prior Roth contributions and 5+ year old conversions, an inherited tradtional IRA, an HSA with prior...
Hello biggerpockets world! I'm new here and looking for guidance on investing in rental properties with non-qualified dollars, vs investing inside my solo 401k.I triple majored in Real Estate, Finance and Economics f...
I have a W2 job that pays me well.I am considering selling my investment home using a Contract For Deed.I will own the home free and clear before I sell it.Payments I would receive from the CFD would be $600-$700 per ...
Hi Everyone!I have a unique situation and looking for advice. Long story short, I am Active-Duty military, got divorced and my ex-spouse was granted 25% of my future retirement. As of this year I worked a deal with he...
Question for the CPA's - Person A is setting up a trust for estate planning purposes. Person B will be the beneficiary of that trust upon the death of Person A. The assets of the trust are primarily income producing...
Cousin A currently lives in one half of their primary residence and rents out the other half.Cousin B has a rental property they want to get rid of by doing a 1031 exchange.If Cousin B buys 50% of Cousin A's house as ...
I have read somewhere that if money from 401k is used to purchase an investment property that income from that property would be tax free. Is this accurate or not?
Hello BP Community!
I have just purchased my first home in the Northern Virginia area and plan to house hack the property with two other roommates for the next two years. It is a three bedroom townhouse in an appreci...