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What to do with my equity?
Hi, I have $1mm in equity in my residence. I owe about $600K and pay about $3400/mo in mortgage. Taxes are low since I have lived here for over 8 years. If I move to a like house, cost is about $1.2mm and then my p...
Anthony Quint
Canadian buying Multifamily in Canada vs US
Hi everyone,I'm ironing out my investment strategy of purchasing multi-family rental properties, but I'm a bit stuck on choosing the location. In particular, before deciding on a city, I first want to decide on whethe...
Mark Turner
Analysis on SD IRA vs 401k Withdrawal
Has anyone done a long term analysis on moving 401k funds over to a self directed IRA vs taking the early withdrawal penalties, tax implications, etc of just liquidating the 401k fund?My experience with a SD IRA ...is...
Mike K
Advice?
I'm going come right out and say it like it is...
I'm going to be 18 in two weeks, I have $4,000 saved away, I want to start to invest in Real Estate. I was thinking about buying vacant land and sitting on it for abo...
Matt Garcia
Dissolving an LLC, Moving to another State - How does it work?
Right now my LLC is located in California. After paying an immense amount in Taxes to California, we are deciding to move it to Nevada.
We have family there, so we feel that it is a great move.
With that said, I und...
Fady Riad
Loan & Cash Flow Question
Hi Everyone,I have a question about loans and making sure you're cash flow positive. I've doing all my calculations as if my loan interest is tax deductable and even though the principle is not I can claim depreciatio...
Chris Masons
Question on 401k loan......
I have a question on borrowing from ones 401k:
When I borrow say 50k from my 401k and pay it back do I lose my position I originally had in my investment? In other words say I owned 2000 shares XYZ fund at 24.00 per ...
Ashish G.
Reverse 1031 Exchange
Folks,
I am looking for anyone who has done a reverse 1031. In this you buy the new property first, it is held under a SMLLC title by 1031 intermediary and then you sell the existing property.
This eliminates the r...
Tyler Kasowski
Buying new home and ready to rent existing home
Hello BP!
My wife and I are ready to upgrade homes and want to keep our existing home for rental income.
We have had a considerable about of appreciation(100k) on the home since we bought in 2011. When we do eventual...
Kyle Geoghagan
Profiting $20k from my very first real estate deal! (Wholesale)
Investment Info:
Single-family residence wholesale investment.
Purchase price: $35,000
Sale price: $55,000
I got a free-trial for Deal Machine as a very broke college student. I went driving in my ...