All of us are familiar with the "rule of thumb" ratios for how much your house payment should be as a % of your net income, used to be 25%, seems to have creeped up in recent years. But, how much of your net worth are...
First I set up a passive SDIRA (recommendations?)Then I fund the SDIRA by transfering money from my existing IRAThen I set up an S Corp (Object of S Corp is to flip houses and occasional buy and hold, I will be taking...
So I was reading the BP tax books and a thought popped in my head. I’m 26 and work as an Engineer making decent money, contributing to a Roth 401k. My thought is to self direct my 401k to buy a rental once their is en...
Noob here... I am working towards my first flip... in education mode now... second angle I am working is... My family (mom) owns a small bungalow... worth, call it $250k to sell cash tomorrow no days on market, no re...
I'm 56. If I purchase a property through a SD IRA, can I start drawing income from it at 59 1/2?
I'm a new brand new Real Estate Investor. I did my very first deal this past month. Bought a SFR (4-2) with a tenant already installed and approximately $450 free cash flow before repairs and Capex. I'm banking all...
Good afternoon!I'm a Realtor and RE investor here in Denver feeling burned out after a 5 year push. I've made decent incomes for the past 5 years (80-120k), and invested more than half of it each year in the best, new...
I’ve got my eyes set on early retirement from my W2 and then want to build or acquire businesses afterward. For other people that left their W2, at what point did this you decide to step away from the W2?My monthly ex...
I wanted to know your thoughts on this. I was thinking of moving close to $200k from an old 401k account into SDIRA. I’m not much familiar with SD custodians. Only one I know is Speciaized trust company. Do they vary...
I was wondering if anyone has used a self-directed IRA for real estate investments.