Alejandra Tapia
Borrowing money from your 403(b)
My tax preparer recently mentioned the possibility of taking out a loan from my 403(b). He mentioned that a good thing about this is that I would pay back the money to myself, with interest, as opposed to the governme...
Cody Taylor Coppola
Real Estate and Social Media focused CPA/Tax Strategist
I'm located in Chattanooga, TN and purchased my first property this year. My wife and I, along with a third partner, are looking for a short term rental (AirBnb, VRBO) out of state to purchase late 2021/early 2022. We...
DongHui Patel
Solo 401k investments into a syndicate
I am a w2 earner with a schedule C doing real estate activities.I am thinking of opening up a solo 401k for a investment into a syndicate (with a k-1). I would roll over some of my old 401k to the solo401k to start th...
Timothy Daniels
Sell or hold?
March 2014 I bought 10 studio/one bedroom condos for 490k total. They are producing about gross 130k on vacation rental market. Thinking about switching to residential rental, which would gross around 84k pee year, b...
Len Ayton
Where is a good place to learn about lease option in Ontario?
Good day.I’m fairly new to BiggerPockets. Interested in learning more about lease options in Ontario. I suspect that the rules and laws are somewhat different in Canada than the US. I was wondering if there’s any goo...
Ryan Moore
I pulled IRA funds for RE transaction, 60 days up in 2019.....
End of November, I withdrew money from my IRA to fund a real estate transaction. I was informed that I can withdraw funds from my IRA once per year and not be taxed/penalized as long as it gets back into the IRA wit...
Soup Nikk
Fundind a secondary home - moving states
Hello BP experts,I have a cousin who is facing the following situation and I wanted to put this out to the experts and see if folks can shed some light on options available.SituationMy cousin is moving states and chan...
Prashant Sheth
Loan from IRA - 60 day
I borrowed from my IRA and wasn't able to pay the amount back in 60 days. If I were to borrow again in less than a year and pay this 2nd loan back would that be possible or is that not an option?
Justin Littke
Living in Primary Residence and renting out rooms (taxes)?
I just bought a new house and I will be living in it renting out rooms to roommates. The mortgage payments will be $550/month. Utilities will likely be $400-500/month.I plan on renting out 2 rooms at $450/month each.(...
Jesse Mccullough
sale my IRA for real
I have about 50k sitting in a IRA. it was a old 401k that I rolled over. thinking of moving it to a self directed IRA and invest in big fund but I still can't touch the money until I'm 59.5 yrs old and i have no pass...