James R aduna
Eliminate High Interest Mortgages
BP Community,
Since the government's stimulus package for 401k investors has come out I've been thinking about taking money out of my savings and either paying off my high-interest mortgage or simply buying another ...
Julia Vang Hart
Would you take tax hit or setup SDIRA?
Suppose you are 59 and 1/2 and can withdraw from your IRA without having to pay the 10% penalty and would only have to pay taxes on the amount you withdraw. You want to start buying investment properties but is unsure...
Brendan L.
Tax question: first time homebuyer exception for IRA
Ok, so here is the order of events:Before the end of last tax year, made a 5.5k after-tax contribution to an IRA. Did not file for the deduction on that money. Withdrew the 5.5k from the IRA to help with closing on fi...
Christopher Fougere
Opportunity knocking? Taking the 401k withdrawal?
I'm curious as to whether investors are viewing the early 401k withdrawal as an opportunity to gain access to pre tax dollars, pay tax on them now at a lower rate and move them out of the market and into real estate.
...
Angela Palmer
Funds to get started
We are considering cashing in an IRA account to have funds to make our first purchase. We thought we would throw this thought out to BP to see what thoughts the experienced might have...
Monica Kovalsky
LLC Accounting Questions for New LLC Owners (cross posting)
Hi everyone!My husband @Kevin Kovalsky and I have been in the process of setting up a business structure for our rental properties where each property is in its own LLC and then all the individual building LLC's are o...
Allen W.
Avail Management Software
Hello everyone,Does anyone have experience using Avail Management Software? I'm using them (for now) to self-manage and I've learned that the tenant can choose when money withdraws from their account E.G. Initiated pa...
James Nosack
401k to Buy Down Loan and Refinance Duplex
Hi BP Family,I am kicking around the idea of drawing $20-25k from my 401k to buy down one of my loans on a duplex and refinance. I purchased the property on an FHA two years ago. Although it is possible that my apprai...
Xaker Abhishek
Roth IRA as an emergency fund?
Hello all!
I am a very fresh investor and really need your help. I was thinking about maxing out my Roth IRA because I have some amount sitting in my regular checking account which is losing its value over time. I kn...
Neil S.
401(k)aos for Early Financial Freedom
Today I finished the book 401(k)aos by Andy Tanner. I will be graduating college and starting a full time job in the spring of 2018, and with that brings starting a retirement plan with a potential employer. I underst...