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Ask The Accountant: Live Q&A with Tom Wheelwright

Wealthion - Be Financially Resilient

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Are You a Prohibited Transaction in Your Retirement Plan?

You can't own investment real estate and have a mortgage that you are personally liable for. So it has to be a non-recourse debt, which is much harder to get on a small rental property. That's called a prohibited transaction. If you have a prohibited transaction, your retirement plan is completely blown.

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