All Forum Posts by: Gp G.

My previous company employer related 401k money is with one company (public traded company) which offers traditional IRA as well. But challenge is i can only invest in low-cost mutual funds, ETFs , stocks, bonds and other conventional investment options only. But cost is low.

Should i move out to invest in alternative assets like real estate or private equity or precious metals or annuity etc with bit more cost?

What are pros and cons of each approach. Please advise

Thank you all for your feedback. Mine are single member LLC with my name only separate for each of my property now.

I am thinking to add these say 4 single member LLCs with my name into new revocable living trust (In the new revocable living trust i like to add my family members names as part of Estate Planning, Will, Trust, Deed, POA etc)

Is this is right approach?

One of property in its own single member llc (say Xyz LLC )I still has mortgage with normal bank. I am thinking not to move this Xyz LLC into new revocable trust(trigger a due-on-sale clause with the lender)

I will add this Xyz LLC in future when mortgage is paid off after few years.

Can I modify and edit this new revocable living trust in the future?

Please advise

Thank you all for your feedback.

To qualify, you must be self-employed, or own a business without full time employees. LLC will rentals will not qualify you b/c rentals produce passive income and you need business with earned income. So the only option left is a self-directed IRA.

As mentioned above I only have rentals on LLCs which produce passive income ( I do not own any other business though. I am realtor but not doing anything realtor job like helping clients to show properties to buy or sell etc. as I have no time as I am busy with my full time job and family activities).

I will move more towards traditional IRA side only

Thank you all.

>>If it’s a rental, I lean toward simple, durable options.
It is rental with about 1500$ per month rent. Which one I should consider that is cheaper and durable? 

Tiles vs I see some other plastic wall type of option which is better?

Which one is burn resistant material as I do not know coming potential tenant (property is vacant and i am doing rent ready repairs sending about 10k now)

Please advise

Hi All,

I left my full time job last friday about to start new full time job tomorrow. I have w2 related 401k amount in previous company 401k provider account. As I am changing job I am getting some options now. Some people say IRA better (roth or traditional better?

Some people says solo401k better.

I have rentals in different LLC names currently so I believe I am eligible for solo401k.

What are pros and cons of ira vs solo 401k. My thought is to use my 401k money to buy good quality small sfh or duplex if possible.

Which companies are better for these options.

Please advise

Hi,

I am considering moving rentals LLCs into Trust by keeping my family members in the trust. Any pros of cons of this approach. Any tax implications by doing this. one of the rental in one LLC still has bank mortgage loan as well. change of ownership to trust causing changes to insurance policies also?

  Please advise

Thank you. can you please share $100 home depot bath tub link. When i checked I see expensive at least few times

Hi,

Which is good market around 3-4 hours from Atlanta to purchase duplex around 150k budget. Please advise

Thank you. It is looking as above now

Hi,

How to use steam cleaner on creamy fiberglass tub. Where I can purchase or rent. Is it something I can do easily or need to hire contractor. What is reasonable price for this type of job if I hire contractor. Please advu