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14 October 2024 | 2 replies
We could contribute with the structures in exchange of an interest in the company, but we don't have the contacts/connections in the industry so I'm looking for advice on where to start looking.Any feedback/thoughts will be much appreciated!
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16 October 2024 | 10 replies
Annual contributions are 10x higher than an IRA and the plan has Roth and traditional built in.
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14 October 2024 | 8 replies
He thanked me for my bp contributions as he exited the shuttle.
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15 October 2024 | 14 replies
Getting started as young as you are, with savings and already contributing to a Roth IRA!
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15 October 2024 | 26 replies
@Don Konipol, correct me if I'm wrong, but IRA's and 401K money are not 100% protected from, or fully for 1. divorce, 2. individual contributions made directly into the funds (vs. as deducted from your salary during your employment), 3. bankruptcy (like, if you move funds into IRA right before declaring bankruptcy) 4.
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14 October 2024 | 37 replies
If you’re 50 or older a defined benefit plan can allow you to contribute $250,000 + per year tax deferred.
15 October 2024 | 69 replies
The users and or sponsors or BOTH have to contribute to keep the site going.For syndicators you can put everything out there for diligence and accredited investors still invest with some groups I would not invest with.
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16 October 2024 | 25 replies
Would you have anything to contribute in the thread.
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11 October 2024 | 2 replies
Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.
11 October 2024 | 2 replies
Speak with the commercial lending department as it's 5 units.If those are the numbers, you may be able to do a deal like 50k down from you, 50k contribution in the form of seller financing (2nd mortgage), and then the bank can provide the rest including purchase + rehab financing.