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Is it a good idea to move part of your money from your 401k to an IRA to fund the down payment for buying your investment property?
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I have a opportunity to purchase a SFH investment in my neighborhood. I want to use my self directed IRA to fund the down payment and close the deal with a conventional 30 year fixed loan. The catch is funding the ...
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Is it better to buy an investment house using money from home equity or with your own money for a down payment? It looks to me the intrust rate is the same so I would just have 2 loan instead of 1 loan.
I came across a friend who suggested buying insurance for your company an then withdrawing the insurance money to fund the projects. Is this a common practiced strategy. An if anyone knows the legality of it that woul...
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Hi,
I just completed a deal (duplex) and I inherited a tenant who does not have a bank account. He pays cash to the previous landlord.
I am new to real estate investing and would like to hear recommendations on wh...
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Hi BP, I recently got an idea, but I'm starting to doubt that it is feasible, and it may not even be legal for all I know. I know BP has people of all backgrounds so I expect someone might be able to answer my questi...
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Looking for a good Company to Transfer My 401K to Self-Directed Roth IRA in SoCal. Any suggestions?
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Hi allI have been a plus member for about 3 years, this website is a great source of information , I hope this time , it will help me personally.This is my story:I am 56 years old, I have lived in NJ all my immigrant ...
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Good afternoon Bigger Pockets members! We are a start-up partnership Real Estate Company and I have a question in regards to taxes as it would be our first year filing. Our partners (married-couple) put forward person...
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As it relates to being the sole owner of the "corporation."So, for my question lets say i hypothetically made 100k for the year. I read that is best keep wages and distributions equal to avoid a red flag from the irs....