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19 February 2025 | 1 reply
So, if I withdraw $60K, about 75.24% of that should come from contributions (since that’s how my balance is structured).75.24% of $60K = $45,014 → Comes from contributions (no tax or penalty)22.38% of $60K = $13,428 → Comes from earnings (subject to taxes & penalty)Taxes & Penalty on the Earnings Portion ($13.4K)Federal Income Tax (24%) → $3,219Early Withdrawal Penalty (10%) → $1,342Total Tax & Penalty: $4,562Net Cash After Taxes and Penalty Fee: $55,437The DilemmaIf I leave the money in my Roth 401(k), continue contributing $525/month, and earn 8% annually, my balance could grow to:$229,865 in 10 years$606,905 in 20 yearsBut if I buy the property, it could generate $15.6K/year in pure cash flow, plus appreciation.
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19 February 2025 | 15 replies
Quote from @Kevin Lee: Glad to see there are some subject matter experts here!
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23 January 2025 | 23 replies
The distributions and allocations on your K1 will dictate what is attributed to you.
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10 February 2025 | 29 replies
Property owners should not have to wait to obtain their TS deposits; Owner's reserve funds; Owner's distributions and more.
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18 February 2025 | 4 replies
Seller financing or subject-to deals can help acquire properties with little upfront capital.
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19 January 2025 | 56 replies
I'm in the Wavemark income fund and am getting paid my distributions
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10 February 2025 | 9 replies
I'm sure like anything there is a Pareto distribution in the results people get.
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5 February 2025 | 1 reply
Maybe do a sale subject to existing finance and do a wraparound mortgage?
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2 February 2025 | 4 replies
Germain Act and using a trust for subject-to approaches that may work for this kind of transfer, but I’m not sure it totally applies to my situation.The previous replies stated answers to your questions, but some of the answers may not have been clear. 1.
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21 February 2025 | 4 replies
Although the statutes are clear in Minneapolis for the noise level violation, with out a calibrated instrument and a time stamp recording, isn't the complaint subjective?