Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?
Withdrawal from IRA?Due to COVID I have access to withdrawal from my IRA penalty free. The purpose of the withdrawal would be to put the money directly into a real estate investment. I will still will have some money ...
Hello Community,
I am seeking advice on the following real estate situation:
I’m in the process of purchasing a double lot property (100x100 in an RS-50 zone) that includes a 1,200 sqft wood-frame house and a 640 sq...
I have been investing in RE for the past 3 years now. It’s been a great journey! However, I’m stuck now.
My debt to income is high and I can’t get any new loans.
I currently have 2 properties in Orlando Florida, fre...
Hi Everyone,I was recommended to talk to ROI Turnkey Properties in Alabama and had a consultation call with them. They have properties in Birmingham, Huntsville, and Montgomery. I can't find too may reviews on that ...
I've been reading old posts about the "real estate professional" status (of which there are many) but it isn't clear to me if flippers can utilize losses from their rental properties if they don't self-manage their pr...
Hi all! I've decided to go for my agent license, and have been plugging away at my study guide, the guide tests, and a few other resources online. I went through the ethics section the other day, and that got me to th...
I'm working with a CPA who is arguing that STR should be considered a passive designation and therefore losses in our holding LLC cannot be applied to my W2 wages (which are > $150k). My spouse and I will be alloca...
Hi all!First I want to thank everyone who gives this forum life by helping others like myself with a wealth of knowledge! I've been a lurker for a couple weeks now and listening to podcasts. I have have always had a i...
Hey BP community, I am a newbie to the real estate community. The wife and I are looking to find our first home to begin investing into. Being A/D military it is a bit tough to maintain homes when we move every 2 year...