Scott Sewell
Is there Income tax on sale proceeds from a Multifamily Property?
Need some help Guys!We've asked two Accountants and gotten two different answers to the question above. So let me define this hypothetical a little further:On a multifamily sale (strictly investment property), after p...
Brandon Shewbridge
OK Tax Gurus - Here's One For You
ScenarioA 401K loan was for partial funding on a personal hard money loan. The loan was defaulted on and the result was a total loss. The 401K loan was converted to a distribution when switching jobs so prepayment pe...
Samuel Coicou
Real Estate strategy for a beginner
Greetings Investors and future investors,I'm a newbie in real estate and I'm hoping you will indulge me. My wife and I are about to buy a duplex (the first of many) and I would like to discuss if our strategy is plaus...
James Blalock
Rule of thumb for buying down a loan
Does anyone know of a rule of thumb about when to spend money up front to "buy down a loan"? My loan officer contacted me yesterday and asked me if I would be willing to pay a quarter of a point to move my interest ra...
Justin Pokrywka
Best way to fund a rental property
Hello all,
I’ve been thinking a lot about buying a rental property this year.
I currently have a rental that used to be a primary residence. After all expenses we make about $250 a month on that one and I have ano...
NA Collins
Deferred Compensation Question
I put $10,000 a year in company 401K but plan to make more money in retirement than I do now. Seems to me I'll likely pay more money in taxes later than right now. I don't qualify for a Roth IRA at this time. I'm w...
Zach Catenacci
Thinking of purchasing my First Dulex
Hey there reader! First time poster so let me give you a little background. First time home buyer age 23 I’m currently looking to buy a duplex that has 2 renters in it for 800 dollars per side. Per year that equals 19...
Ethan Cole
Should I pull out my retirement accounts to buy more real estate?
I’m tempted to pull from my retirement accounts to buy more real estate. Thoughts?
Travis L.
Financing a 3rd property
Looking to get a 3rd rental. We currently have to 2 cash flowing properties as well as a primary residence plenty of equity in each. What is the best way to finance another property, or current debt to income is too...
Jack B.
Anyone glad they sold a property last couple years?
I sold my most expensive house for about 3/4 million. It was a primary residence. I made a mint off appreciation in the two years I owned it and got out, anticipating the demand for higher end housing to drop after ta...