Why don’t I purchase a house under my LLC then overtime sell it to my personal retirement IRA at a discounted rate. Or if that’s not allowed sell it to a friend who will then sell it to my personal IRA at a discounted...
I have a Rental currently with $95k left on a 15yr VA mortgage at 3.00%, 8 years remaining until it is paid off in full. I was quoted 2.375% for a 15yr and closing costs would be ~$1750.
Cash flow would increase by ...
I’ve set up a self directed checkbook LLC IRA. So I am now able to invest my IRA retirement monies into real estate. There certainly are many stringent specific rules that are applicable. Such as you cannot stay in t...
For those with day jobs that offer retirement benefits/contributions, is it a smart move to “diversify” your assets through traditional investments like IRAs, 401ks or even 529 college accounts if you have younger kid...
I am in the process of selling a piece of farm ground. I want to diversify as well as keep this money in tangible assets. I'm 62. All of our income at this point comes from pensions, annuities, etc. Am I crazy to be ...
Has anyone used their 401K to buy a rental and receive tax free income ? If so, how does one go about doing so? Would I be able to make repairs out of pocket or does everything have to be from the 401K?
My brother and I own together a few LLCs which generate 200k to 300k profit after expenses, per year. These are for commercial real estate we own. We have been passing this profit to ourselves as a K-1 distribution. W...
For the past few years I have been lending my money on SFR fix and flips and getting a 12% cash on cash return. Recently I've been looking at the tax benefits, potential appreciation, and CAP rates on a multi family o...
Our first question, as relating to our own current situation: My wife and I are nearing retirement (about 6 years). We own a NYC (Brooklyn) condo that is worth approximately $460,000. We earn $2,000.00 a month in rent...
I have funds in a 401-k plan from a former employer that I want to roll over to a solo 401-k; then, write a check to purchase an income producing property without financing.
A desirable property just hit the market ...