Sean Connolly
Cash out IRA for REI??
I am 30 years old with 75k in my IRA (not a current employer 401k program). Should I cash out what I can to purchase a multi unit investment property for buy and hold? Thanks.
Andrey Y.
Would you contribute to a 401k or TSP without employer matching?
This question is for military and non-military. I have recently started a traditional 401k with a small chunk of my W-2 income contributing. I am active duty military, so there won't be an employer match. I (most like...
Jorge I. Pimentel
Ready to purchase, but currently stuck in the financing process.
Hello,First and foremost, thank you for taking the time to read my post. I am a new investor in San Diego, CA. My brother and I currently own a SFR in Riverside, CA (fully paid) that we inherited and have been renting...
Zeliang Zheng
Should I depreciate my single family house?
Hi, I just invested in a single family house in Baltimore. I want to use depreciation to offset some of taxes. My question is, is single family worth the effort to depreciate, considering the cost of doing cost segreg...
Steve Maye
Cashing out of rental property - Reduce taxes
In the next year or so I think we will be selling our 2 rental properties and our primary residence to buy our retirement home. I want to explore ideas on how to reduce my tax burden. We want to buy a home with plen...
Jason Waldo
Why W-2 Employees have the greatest chance at wealth building
For the last 10 years I have owned and operated a small distribution company. It wasn't huge and only did about $375k/year in revenue on average for the 10 year period. I guess thats not to bad for only being a single...
Julian Buick
Transferring to Roth
I've been using my SDIRA for private lending for a couple of years now with pretty good success. I was recently given an end date for my current job (I'm a contract engineer so it happens). This has got me thinking ab...
William Lackey
Business for landlord
Wife and I flipped our first property in 2020. Recently purchased a duplex and we will rent both units. What kind of business can I start to take advantage of tax deductions. My wife and I are both W2 employees and ma...
Adriana McLaughlin
New investor: I don't want to quit my W2 but want to max investing to offset taxes
I have a W2, but also have a real estate license, though I work very little in actually selling real estate. I just bought my first investment property in Chicago, and have been busy doing minor repairs, furnishing it...
Sachin Amin
Five Sources of Income for Retirement - what is the Fifth one ?
Hello BP community and for those who already made it :-) :-) (Baby boomers & Gen X)
when I was in school some one once said to me, to be financially free you need to have five sources of Incomes - at that time I ...