Thread: Kansas City Investor -- Wholesaling

Hi , Im jennycahvez from Melbourne.Im new to this board.Imk very intersted to leanrn a thing or two about real estate from you guys here. Thanks, Jenny

Hello from Melbourne

Well it depends on the situation. If you are renting you property for gaining the profit then you have to pay income tax. And as you say you are planning to rent many properties then you should pay...

If I rent many properties in Miami...

Withdrawing fundsunless for specific reasons incurs a penalty, though so this needs tobe considered when contemplating this avenue.Share your views on this. Thanks!

Calling All Value Real Estate...

It is possible to withdrawa small amount from a 401k to use as collateral for a larger loan,funds that can be returned with the profit from the transaction lateron.

Share your SEcrEts

Even with that inconsideration a property valued at that low a price may not providethe necessary return to outweigh the initial costs.Share your views.

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