Should you use retirement funds to buy rentals, pay for renovations, or scale your real estate portfolio faster? Saving for a down payment can be tough, and dipping into a retirement account might seem like a tempting shortcut. But is it worth paying the hefty penalty? We’re breaking it all down on today’s episode!
Welcome to another Rookie Reply, where Ashley and Tony answer questions from the BiggerPockets Forums and Real Estate Rookie Facebook group. First, what do you do when a tenant wants to end their lease before it even starts? There are several factors to consider, from your state’s landlord-tenant laws to additional turnover costs, but we’ll steer you in the right direction.
Next, we’ll hear from an investor who’s considering withdrawing funds from their Roth IRA before retirement age to build their portfolio faster. Is it worth it? We’ll crunch the numbers and find out! Finally, where should you list your short-term rentals online, and how do you prevent your property from getting double-booked? As our resident short-term rental expert, Tony has the answer, and it’s much simpler than you might think!
Looking to invest? Need answers? Ask your question here!
In This Episode We Cover
Whether you should use retirement accounts to buy more rentals
The real cost of withdrawing from your Roth IRA before retirement age
What to do when a tenant unexpectedly backs out before their lease begins
Where to list your short-term rentals online (and how to avoid double-booking!)
The best property management software for your Airbnb business
And So Much More!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-568
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