Christine Aledam
Time to find a new Accountant?
3 December 2024 | 21 replies
Get a DBA and use to open a business bank account.Have your properties "hire" the DBA to manage your rentals and collect rents.Most states require a lease to identify the owner of a leased property, whether a person, trust, LLC, IRA, etc.Landlord = Lord of the Land = Owner per deedAgent = someone legally representing the ownerProperty Manager = Agent
Jeff Hines
How would you start investing if you had $150k???
17 December 2024 | 86 replies
Transfer it into a Roth IRA 6.5k as you are able (IRS contribution limits will make this take a while).
Brandon Brock
Eddie Speed Note School
7 December 2024 | 150 replies
As the eventsponsor I was able to attend all the initial training or free and am not one to buy a bootcamp let alone a mentor program.How ever I purchased Eddies Mentoring and was able to connect with Dave Van Horn and several others in the 2nd Space where I focus a lot of my attention.I was able to gain access to a $2000 training product that I didn't really need, but that gave me the back end website access to cash buyers and private lenders databases that usually have an ongoing fee (was included)Was also able to gain access to an asset protection set up program, included.It also came with a credit repair program that I use to help my lease option buyers clear up their credit issues.Over the years new things have been added in at cost or discounted pricing such as a a 4 day week end of Self Directed IRA training with some of the nations leading experts in a small 15 person setting, this was provided to us as mentor students and the networking from this gave us access to attend a 5 day cruise with 2 days training and unlimited access to some of the nations top experts in self directed IRA and real estate investing.So did the mentoring program cost $20,000 . . . yes it did.
Bliss Hu
Mid 20s tech worker in NJ, trying to figure out how to invest 300k in savings
26 November 2024 | 13 replies
The way I see it is 25% down out of state means $100k in down payment/closing cost to obtain turnkey property that gains equity similar to an IRA or 5% down managing a renovation in the property your living in which in turn pays yourself from the equity gains which allows you to get to multiple house hacks very fast.
Tessa Mac
403b to Real Estate
19 November 2024 | 5 replies
When an IRA borrows money, it needs to use a Non-Recourse loan.
Constance Kang
My Experience of Rich Dad/Elite Legacy Event Scam
14 December 2024 | 101 replies
And they end up talking about credit repairs.But then, things turned VERY FISHY:They asked people their credit score and asked us to fill out a "Strategy Session Checklist" that asked about the full legal name, occupation, annual income, bank account $, 401K, IRA, TSP, Available Credit on Cards, and Credit Score.Instead of actually having a 1-1 personal financial coaching, they got your financial info and "taught" you to apply for a credit card and pay for their $39,500 program.
Sateesh Kumar
Partially funding a 4-plex in Oakland using SDIRA
18 November 2024 | 3 replies
IRA funds can be used to make investments only; they can't be used to buy a residence.
Brad Herb
Syndication using SDIRA $
19 November 2024 | 11 replies
Initially I was planning to withdraw Roth IRA $ to invest.
Andrew McManamon
Investing in Bitcoins
9 December 2024 | 98 replies
Now several billionaires are starting up and these coin funds are going into 401ks, IRAs etc.
Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
Holding EXEMPT (from bankruptcy forfeiture) assets, holding assets in exempt entities (retirement accounts, pensions, IRAs, in some states insurance and annuities), homestead exemption, remote entity protection (LLC, Serial LLC, Corporations, Limited Partnerships,) Asset Protection Trusts, using separation of assets for married individuals (in certain states) charitable remainder trust, etc. can be very effective though can be costly.