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Today I'm working on taxes and finalizing my Solo 401k set up, yes tons of fun...not my favorite way to spend a sunny 75 degree Saturday in San Diego!
That said, I need some guidance on next steps.
Step...
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My employer gives me the option of setting up an IRA or Roth IRA and they will match up to 3%. My goal is to continue to buy real estate and be able to spend some of those profits as I go and reinvesr the rest of the ...
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So I'm planning to buy a small multifamily property (2-4 units) with my VA home loan to start out my real estate investing. but later on, when I move, I will want to use that VA loan again because you can only use it ...
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Hi all,I haven't set up my LLC yet. I'm just getting started in this business. Is it possible to buy a property first, then roll it over into an LLC? For example, if I live in it first. Or if I find a good deal that I...
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Hi BPers - figured I'd share my recent success finding ~100k in financing using a method I haven't heard discussed frequently.Believe it or not, there are several banks out there that will give you a personal line of ...
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Hey guys, new fellow on board.
I partner with my brother on rental properties, a gig we just started a year or so ago.. anyway for our last purchase I ran out of free cash and had to dip into my 401k rollover IRA - t...
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I can't believe that I'm 60 and have just discovered Self-directed IRAs! My husband and I are now very excited about the idea of buying 1-2 houses in our neighborhood. We're not interested in flipping. We’re more li...
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Hey everyone! I wanted to reach out an here your thoughts on my situation.I have recently been presented with an amazing opportunity and am weighing my choices. My company has gone through a round of layoffs (financ...
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I've seen a number of times that people are taking money out of their retirement plans to invest in RE. They also say there is no penalty for doing this under the CARES Act due to COVID. Is this true in all states or ...
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Hey Everyone,I have a project in mind and have a family member looking into giving me a loan. He would like to give me a loan from his 401k, but I don't really know how to go about setting it up. Any experience in thi...