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NEVER CONVERT CASH in YOUR IRA or 401K into ROTH!!!
Here is why. If you do so - 100% of the cash converted is taxable. There is a much better alternative!
The alternative is to set up a self-directed IRA, or better,...
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To those of you currently investing in California, what are the most important factors to consider when analyzing properties? I'm looking for things that are specific to CA that I may not already know: specific laws, ...
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I may leave a current employer and therefore I believe I will be eligible to turn my 401k into a real estate investment product. Pros and cons? ability to use the whole amount and how so ?
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Hello BP members! Here's the situation, My parents currently reside in a single family house (Title was under my parents name originally and was changed over to me + my 2 siblings 9+ years ago). My siblings and I don'...
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I joined the full-time workforce in January and I have begun to contribute to my company's Roth 401k, in large part because I am enticed by the concept of tax-free earnings and a corporate match (a standard 60% of the...
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Long time follower of BP in Canada first time poster! Don't grill me too hard.I own three rental properties, one is my primary residence with an apartment (5 units total between 3 properties: 1 airbnb, 2 medium term h...
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Hi my name is Elliott. This is my first post here. I've been saving and educating myself over the past couple years and am about ready to make my first investment in a rental property to help on my way to financial fr...
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Hey Everyone,
In the past year I have mailed yellow letters and postcards but was not successful (a few calls but no deals) because of the lack of consistency with the mailing.
I am setting up a camp...
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I need money advice, here's the situation. The banker my family uses and the one we used to get some money out of the equity in our house when we first were gifted it, told me we were pre approved for a loan to do a f...
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Good morning everyone. I am a Wholesaler and I came across this lead, he’s on a Pre-Foreclosure list, his house is under water, it’s worth about $700k but he owes about $975k because he took a Reverse Mortgage on the ...