Manny Vasquez
Investors are withdrawing money from REITs in record quantities
I just read an article on the Wall Street Journal https://www.wsj.com/articles/i... stating the fact that investors have responded to rising interest rates by pulling money out of real estate funds in record quanti...
Brendan L.
Tax question: first time homebuyer exception for IRA
Ok, so here is the order of events:Before the end of last tax year, made a 5.5k after-tax contribution to an IRA. Did not file for the deduction on that money. Withdrew the 5.5k from the IRA to help with closing on fi...
Wayde C Hall
Collecting rent through mobile payment
Hello bigger pockets! I was curious about some alternative methods of paying for rent in the "new age". Does anyone out there use a mobile payment service (such as venmo or cashapp) to collect rent. Planning for a ...
Account Closed
Advice on excess 2019 contributions to Roth IRA
Hello all.As I was preparing my tax returns, I realized my 2019 AGI exceeds the IRS income limits for full contributions to a Roth IRA, which carries a 6% penalty for every year the excess along with its corresponding...
Joe White
Can 403K Funds be used as SDIRA w/same employer?
Can 403K Funds be used as Self Directed IRA if I'm still employed by the same employer that originated and implemented the 403K plan?
Dave Rav
Banks using the pandemic to prevent access to $$
Hey Group. I have noticed some of the larger banks (B of A) are *still* hosting limited lobby hours and business hours. They cite "CDC guidelines" as their reason for this. I have visited multiple B of A branches, ...
Daniel Dietz
Selling to a Prohibited Party AFTER taking a property out of SDIRA?
Hello,
I have not been able to find this specific topic in the archives, so here goes.
Scenario; An individual purchases a house as a rental property within their SDIRA, AFTER they have turned 59 1/2. They then hold ...
Tom Jacobs
Hardship Withdrawal Merrill Lynch
I have been planning to use my 401k to use as a down payment on a home. I have been checking up until this month to see what is available for withdrawal. each month I checked the full amount was available. I just put ...
Michell Chase
Using lines of credit short term to DSCR closing costs…
I’ve already purchased 1 rental property (a duplex) this year with a conventional mortgage. I withdrew from my 401k for that as I am retired. I would like to buy my second duplex using DSCR loan which will require a...
Michael Knaus
Can a 401K statement be used as proof of funds?
When buying from the bank, some banks ask for proof of funds. I'm wondering if a statement from a 401K showing enough funds would suffice. Anyone ever try it?