My wife and I are using some IRA money to invest in real estate. We will set up an LLC when we create the new IRA and run our Real Estate into that. I reached out to my mortgage guy to run our plan through him and h...
I just deleted about 30 lines of rambling in this post... I cut the fat.SCENARIO 1Would you sell a Property at 10.5% CAP for $48k (19% Equity) to make $16k and be clean of the house?orSCENARIO 2Would you sell a Note a...
Has anyone used their 401K to buy a rental and receive tax free income ? If so, how does one go about doing so? Would I be able to make repairs out of pocket or does everything have to be from the 401K?
Hi All, I was trying to look at some tax strategies and was curious if anyone else knows if this is possible. I have rentals in my IRA. Is there lending institution that would allow me to put 20-25% down to buy ...
I am maxed out on my loans. My wife has her property she bought prior to our marriage and is her sole and separate property and only on her credit report. In terms of working, she manages our portfolio of properties a...
I live in Louisville, Ky, and I wondering what kind of taxes to expect on cash-flow from rental houses and apartments.
Good morning everyone! I have a question in regard to transferring funds from an annuity account into my brokerage account. I am getting started looking at investment properties and I was thinking about transferring t...
If so, I assume all cash flow (in & out...that is, income and expenses) must come into and be paid out of the IRA account, yes?
Advantages/disadvantages?
Any suggestions or advice on building a dividend monthly producing portfolio (thru say Webull) without drip. What funds would you target to get a good monthly latter going? Any funds you would definitely suggest look...
As ever, the definitive answer is, it depends. In some cases, the stars align. In others, not. Regardless, you need to know The Good, The Bad, and The Ugly:The Good:Review your employer's Summary Plan Document (SPD) o...