Hey BPers,My brother, @Joshua Smith thought of this tax strategy the other day, let me know what you think:1. create a self direct roth IRA and transfer existing IRA funds to this account2. use this account as earnest money to get property under contract3. wholesale these properties.

If it's estate stuff, you can do a Transfer on Death quitclaim.

A quit claim is not a very secure way to purchase property as it is a means for someone to transfer their interest in a property to another.

This cost is still transferred to tenants through rent price, but if they were to set A/C's to 60 degrees and leave them going all day, there is little I can do.

This cost is still transferred to tenants through rent price, but if they were to set A/C's to 60 degrees and leave them going all day, there is little I can do.

I’m getting ready to purchase my first investment property, and I plan to purchase more.I am a realtor and already have an S-Corp set up for my salesperson business commissions.Should I purchase my first home in my name (then transfer to an entity after the purchase), in my S-Corp or through a new LLC?

Get an umbrella insurance policy if you feel the need for additional protection.If you decide to set up an LLC and transfer the property, you can do it with a Quit Claim Deed.

I'm not sure of the tax implications of doing that title transfer but you can then borrow against that property, either by opening a line of credit or just taking a loan out against it

This means that instead of having to instruct the custodian to process a transaction, the accountholder can simply write a check or initiate a wire transfer on their own, without any waiting.

As Lydia said, see if the numbers work for "Subject To" (purchase is "subject to" the underlying loan), where the loan stays in the name of the current owner, but the deed transfers ownership.