Updated 3 days ago on . Most recent reply
Best tax advise for funding my realestate investing
Hello,
Im 60. I have 800k in my 401 retirement. 220 k is cash.
I have my primary residence vauled at 550k with 130k left on mortgage.
i have property I am ready to offer a deal on asking 235 duplex good area . 30% down. conventional I have two properties lined up.
I have 8 k in roth from previous job
my question what is the best tax move? i barely made 50k this year with 2 jobs.
Do i take out the net 200 for funding this realestate investment out of my retirement or my house?
I am not keen on my mortgage going up . 1900 now will be 3120 or so if I refinance .
but the taxes.... what about the taxes what is your advise ?
thanks



