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23 February 2025 | 4 replies
In the next 5-10 years, I plan to leave my current industry and transition to real estate full-time, so I’m especially interested in how this could impact that goal.Current FinancialsRoth 401(k) Balance: $105KContributions: $79KEarnings: $23.5KSalary: $109KContributing 6% annually ($545/month), with a 100% match for the first 3%Investment Growth Assumption: 8% per yearCurrent Rental Cash Flow (Pure Profit After All Expenses): $7,500/month (9 units)Potential New Property Cash Flow (Pure Profit After All Expenses): $1,300/monthCurrent Real Estate Portfolio Value: $1.4MAfter New Property: $1.7MWithdrawal Breakdown ($60K)Tax-Free Contributions: $45KTaxed Earnings: $13.4KWhy Only $13.4K Is Taxed and PenalizedMy Roth 401(k) balance is made up of:Total Balance: $105KContributions: $79K (75.24% of total)Earnings: $23.5K (22.38% of total)When withdrawing, the money comes out proportionally from contributions and earnings.
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18 February 2025 | 25 replies
Feel free to DM me.- Victor Collazo
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16 February 2025 | 6 replies
Feel free to reach out if you’d like to connect or need more insights!
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8 February 2025 | 21 replies
Nowhere in their claim is there any mention of how many people get that list.. so all this does matter.Lastly I am willing to bet there are plenty of people that have send 2K mailers and not gotten any deals... so tha claim truly is factually wrong.So does your plan sound good...In my opinion it doesn't sound good...
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19 February 2025 | 9 replies
Feel free to reach out if it might help to go through how we were able to do that!
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23 February 2025 | 3 replies
If you ever need insights on the Portland/surrounding markets or strategies for maximizing returns, feel free to reach out.
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12 February 2025 | 17 replies
Feel free to reach out if I can help in any way.
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18 February 2025 | 11 replies
Redirecting wages does not exempt the worker from income or self-employment taxes, nor does it create a tax-free loophole.Misclassifying an employee as an independent contractor to avoid payroll taxes can result in IRS penalties, back taxes, and fines for both the employer and the worker.
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11 February 2025 | 16 replies
Check out FilePlace, where user-created forms are available for free.
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24 January 2025 | 12 replies
If not, hard money is probably your best bet