Justin Reyes
Would you liquidate your 401k to purchase your first property?
Hello my name is Justin Reyes and I’m 30 years old. I been working for a company for only 3 years and have about $30k vested in my 401k. I want to take it out and buy my first property to possibly hack or 1031 exchang...
Rumen Mladenov
Using HELOC for a hard money loan - tax implications?
Let's say someone takes money out of a HELOC at 8% and lends it out as a hard money loan at 12%. After the loan is paid off, a 1099 is sent to the hard money borrower and the IRS showing the interest received. How can...
Brandon Nguyen
Low purchasing power
Long story short. Purchased a townhome 2018 before the military using FHA loan. Joined military 2019 deployed, came back and bought a single family home in 2021 using VA loan. Both are currently being rented. Talked t...
Alexandre Medrano
Rental Income numbers
Estimating rental income is something that I am struggling with when analyzing deals. Any tips on estimating rental income? So far i have been using rentometer and craigslist for listings of similar properties for ren...
Terrell Garren
Would appreciate financial advice regarding 1% rule
59 years old with 16 SFHs near Charlotte, NC. No debt (please don't beat me up regarding no use of leverage - I'm an old guy and just don't prefer debt at this point in my life). I do my own PM and set my rents aroun...
Jason Nesbitt
Rollover Business Startup Loan (ROBS) to fund RE Investment
Hello All,Our fix and flip business has had a lot of success and I am getting ready to quit my W2. Very exciting to get to this stage but it raises a few finance questions. I would ideally like to tap into my 403b t...
Michael Furey
Vacation home as a primary residence?
I'm looking to buy a vacation/rental home and trying to figure out how to finance it. Am I able to buy it with an FHA loan to put only 3.5% down if my actual primary residence is in my wife's name? I have no real es...
Nghi Le
How to Finance a House Without Regular W-2 Income
My friend and real estate agent is trying to buy a personal residence, but because he's a realtor, he doesn't have a regular W-2 Income. What kind of options does he have? Are there any types of banks (or loan progr...
Christopher Russell
Can landlords deduct for their personal time or repairs?
I have read through many threads and get the idea that many people are under the impression that they can deduct their own time on federal taxes. By own time I am referring to completing required repairs, managing ren...
Michael Greenberg
Payoff, Hold or Buy....
I am a bit perplexed on my next move and was hoping to gain some insight from this forum. I am a current business owner in the IT sector and likely will be selling my business to focus more on my real estate properti...