Karina Ruiz
Which type of Retirement Account is best for Investors
So I'm trying to decide whether it's more efficient to invest in a traditional IRA or Roth IRA. I'm planning on retiring before retirement age, so I was leaning towards the traditional and then do a Roth conversion la...
Account Closed
Loaning your own money to your own LLC?
After flipping a few properties and acquiring some buy and holds on my own I opted to start a LLC. However the LLC currently has no funds in the account and the bank told me that if I was to transfer any of my own mon...
Keilon Morton
Hard Money terms for partnership
I am looking to secure my first tax sale and need another investor to go in on the deal. What are some terms that would appeal to an investor? I've never had to use hard money before, so I am not sure what type of con...
Greg N.
Down Payment Advice: Roll 401K into IRA into Down Payment
Hey All,I plan on purchasing my first property by the end of the year and I'm thinking about how to most effectively use my funds/savings for a down payment (about 20-25K).I amassed a small 401K balance with my previo...
Jose Gonzalez
Can I withdraw the money invested into a fix and flip?
Wanted to know if I can withdraw money invested into a fix and flip to fix the property?Ex I invested 30K into a home. This money was income I had earned and had already been taxed on. I just want to get the money bac...
Matt Millard
Is a self directed IRA even worth it?
Even with using the lowest cost IRA provider out there the fee for 4 separate accounts is over $600 annually assuming my wife & I open a Roth & traditional each. If I put this in one of my best investments th...
Michael Jackman
Up to $100k withdrawal of IRA tax free?
https://www.marketwatch.com/story/coronavirus-stimulus-package-tax-relief-withdraw-100k-from-your-ira-and-repay-in-3-years-with-zero-tax-liability-2020-03-27?reflink=mw_share_email
Just read this article and might b...
Doug Wilkes
C-corp as a real estate professional?
Can your c-corp qualify for real estate professional status? The company is owned by two S-Corps and taxed as partnership, S-Corps owned by entrepreneurs in other endeavors and can not qualify for Real Estate Profess...
Brendan August
CARES Act 401k Loans
Hey everybody, I was just wondering if anybody has made use of the the CARES Act to withdraw money penalty free from their retirement accounts? I understand that you still have to pay taxes on the amount but you can s...
Chris Thompson
1031 Exchange, Is it worth it?
I currently have a rental property for sale. I spoke to my accountant about doing a 1031 exchange. His advice was pretty simple. I can pay the known tax rate of 15% today or hope that the tax rate doesn't increase and...