Ever since then, I started reading, looked for new content, and researched like something has possessed me.In a way, Real Estates sparked a light of ambition in my heart and ignited my passion tofocus and learn about something I can enjoy doing.With the momentum I gained from wanting to study real estate, I absolutely dominated all my classes in school this semester.I feel like going to school and completing my undergraduate in actuarial science to become anactuary is the safest route to take, but there is a voice in the back of my mind telling me to start working as an agent.I have completed all of my real estate classes for the license test, and will be taking my test shortly.Although it may seem like a safer option, going to school means I will not be able to invest or create any income for myself for 2-3 years.As well as accumulating what we know of as "bad debt" such as student loans.There are many pros and cons factored into both sides of the argument, and I just wanted some advice from Realtors, and anyone on the BP forum.Thank you for your precious time! 

Hello BP community,My question for today is: As a landlord in Massachusetts/Ma what have been your experiences with current or precious eviction notices.

Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andThe Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company (IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2015; the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

I have my own real estate investment business and she has her own jewelry store business.

Not quite sure what you're asking, @Precious Thompson.

Then, rinse and repeat.This would help preserve your precious capital and allow you to turn your activity into more rentals than you otherwise would.The drawback is it is a lot of work, but I find fix and flipping more rewarding than just holding.I am not a big fan of repurposing an existing into a mult-family unless absoultely necessary.

This is actually a huge topic that I don't think gets enough attention.One thing I'd suggest is to figure out which specific actions will result in you making money, and focus 100% of your time and resources there.For instance, DON'T waste your precious time and resources on things like:Updating your logo, letter head, business cards and websiteMaking daily/weekly posts on social mediaCreating complex spreadsheets that do complicated calculations that don’t add any real value to your bottom lineBuilding a following on Twitter and FacebookBuying a top-of-the-line computer system, printer, external hard drive, office desk, smart phone, etcThese things don't directly result in money in your pocket - so don't put them at the top of your priority list.DO spend your precious time and resources on things like:Generating leadsResearching properties and learning how to identify when you’ve found a deal worth pursuingSending out offers every dayEstablishing adequate sources of funding for your dealsFind buyers for the properties you’re trying to sellMaking connections and staying in contact with people who will help propel your business forwardThese things very likely will result in you making money - so spend as much time of your time and resources on these items as possible.Managing the day job and the night job can be a huge challenge, no doubt about it...

I think the pressure is good if not I'm sure I'd just keep putting it off and off, and just lose precious time.

Getting a bad deal will set you back not just money-wise but most importantly, you will lose precious time when you could be doing multiple deals already.Having said that, define your exit strategy upfront because that determines how you enter the deal. 

Time is a precious resource.