Hi guys, I wanted to get some outside opinions on something I’ve been thinking a lot about over the past year or so. I have a goal of reaching financial independence by 30. I am 25 years old, married, have a mortga...
If you had a choice to use money from a Roth SDIRA or money from a taxable account, what would you use? Do the tax benefits of using taxable money out way the advantages of tax free income with a Roth SDIRA?
I owned a land overseas which I recently sold. The land was a gift from my father. I do not owe any income taxes in the country because I owned it for many years. It used to be my home country where I was born. Howeve...
Hey BP fam,
Hoping to reach some savvy investors with this question. So I decided to close my old 401k from a previous company. I was going to move it into an IRA.
When I talked with my IRA rep he says I shouldn’t ...
My uncle and I bought a building together and after a minor renovation we're flipping it for a decent profitWe're 50/50 partners on the project (we contributed equal shares of the capital/expenses and we'll take an eq...
Anybody investing in tax liens/deeds?
I am noticing quite a few homes that are 2-3 years past due on their property taxes and none of them are mortgaged. They are up for a tax deed auction because they have 2-4 years of tax liens and some are rented out t...
Hello, I'm a newbie in this site and real estate investing. I have a question for all you professional investors. I want to know the best way to setup my company in order to make the most money and pay less taxes. I h...
I am considering doing a 1031 exchange. I put extensive rehab into the property being sold. Does the amount of rehab put into the property reduce the profit from the sale? For example:1. Purchase price : $100K2. Rehab...
Does anyone have thoughts on pulling funds from 401k to start investing? After being on BP for a few weeks now im ready to start investing. I dont have enough reserves for a down payment. Any advise would ne greatly a...