Hi everyone! I have been using BiggerPockets for real estate info for about a year now, but this is my first post. I’m looking to start investing long distance investing in the Midwest (likely Minnesota, my hometown) ...
I presently have a portfolio of 25 doors. A mix of sfr, quadplexes, and one 3-unit office building. I’m pretty highly leveraged at the moment. Roughly 80% across the entire portfolio. I have a decent w-2 job, low 6 fi...
Two questions for anyone willing to help a newbie.1) what is the point of a roth or traditional IRA if you can only add 5000 to it each year. I am 30 so that means I have 29.5 years I can add to it. If my math is corr...
For those of you who've read Rich Dad Poor Dad, I have a question. Author Robert Kiyosaki advises to own assets, not liabilities. He says that buying your own house is a liability, since cash leaves your pocket each m...
Recently, I ran into this infographic. Very interesting predictions from Fannie, Wells and the MBA. If the forecasts are accurate, we are around the corner from another hot market with rates set to drop almost two per...
Good morning,I had a real estate investor friend, that is also new to real estate investing, mention that a self-directed 401k or IRA can be helpful for tax purposes. I am looking for assistance in finding correct/hel...
I have been going over this in my head for weeks and I just need some feedback.Which option is better, buying a rental property directly within my Solo 401k (with the intention of refinancing non-recourse down the roa...
I was wondering if anyone had good insights on how to use a 401k to fund deals and flips. I heard you can switch your 401k to a self directed IRA and use the funds to do as such. my questions are the obvious ones. PRO...
I closed on my first deal back on 10/16/24 so I'm a newbie. This deal was found on MLS and is a new construction 4/3.5 SFH with DADU and I purchased on n FHA owner-occupied loan. I only brought 3.5% down to closing...