Maggie H.
Is it worth losing 40% to get cash?
I'm in the middle of a divorce. I'll be receiving between $250,000 and $300,000 from his 401 K, IRA and money market accounts. I don't have a retirement account and don't want to have to open one in order to receive t...
Dave Pricken
New Jersey Resident Doing Wholesale Deals in NY
Hi, I have a wholesale deal closing in NY and I live in NJ. I created a NY LLC for my wholesale deals, but want to get the money back to an LLC that I have in NJ. Should I take the funds/profits from the wholesale...
Michael J Cohen
Tax Liens
Hello Guys, I am new to your site, but in need of help, i am looking for training in Tax Liens and all that i have found is US Tax Liens Association. Has anyone heard of them, bought thier program, or know anyone who...
BJ Butler
Loan repayment going towards mortgage
In the last 3yrs, I have loaned a couple some money that has totaled approx $15,000. This includes cash and items charges to my credit card on their behalf. Yes, we have a contract and I keep the receipts. As we appro...
Allan Mugu
Tax deductible or not
Last year spent about $2000 trying to get real estate business started. Money was spent on what I consider start up costs: direct marketing, INC incorporation, etc. Did not end up doing any deals wholesaling or rental...
Michael Randle
Investing in Properties that owe back taxes.
Occasionally I see people who invest in Tax Liens or you hear on the ratio 'Invest in government guaranteed tax foreclosures blah blah guaranteed 1,000,000% return on investment'.But I am interested in what/how people...
Sean Connolly
Cash out IRA for REI??
I am 30 years old with 75k in my IRA (not a current employer 401k program). Should I cash out what I can to purchase a multi unit investment property for buy and hold? Thanks.
John Wolf
Minimizing Taxes using Equity in Rental Property
I am retired with a several rentals and looking to minimize taxes. I was reading a tax saving idea regarding using the equity in a real estate rental instead of withdrawing Retirement Savings. From what I understood, ...
Andrey Y.
Cash out refi, simply for interest tax writeoff
Hope everyone is having an awesome Tuesday!Would you guys do a cash out refi on a property purchased with cash, simply for the purpose of writing off mortgage interest? I believe you can write of interest up to a max ...
Cory Binsfield
Why I'm not a flipper
The other day I grabbed $40,000 tax free from refinancing a duplex that originally started as an ugly duckling. As I was walking out of the closing on my way to the bank, I couldn't help but wonder how a flipper would...