11 June 2020 | 6 replies
In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

6 August 2020 | 5 replies
@Dustin PetersIf you are self-employed with no full-time employees (even though you have a separate w-2 job), you would be eligible to establish a self-directed Solo 401k.You could then make contributions to the Solo 401k from your self-employment income (i.e. w-2 income when your business is taxed as an S-corporation, 1099-misc income if you are a sole proprietor).If your plan allows for it, you can make pre-tax, Roth (or even additional voluntary after-tax) contributions.Contributions can be made as both employee and employer contributions (since you wear both hats):The employee contribution limit is 100% of your w-2 wages up to $19,500 (or an additional $6,500 if you are 50 or older) provided that you are not making employee contributions to another plan (e.g. if you have a day job with a 401k plan).

19 July 2020 | 7 replies
without legitimate business purposes and soliciting them is not a legitimate business purpose.Yes, there are attorneys and employees at banks (and other places) that will share that information.

29 July 2020 | 4 replies
Oh yeah, and more govt employees to fix same problem.Sounds about right - Truly a govt solution to save us all.Ever since the CRA we've had anti-discrimination laws, how about just enforcing them instead of making more of them?

30 July 2020 | 2 replies
For W2 salaried employees, or W2 hourly employees that consistently work 40 hours per week, there is no requirement that you be on the job 2 years in >95% of cases.

31 July 2020 | 5 replies
I am seeking an experienced investor (or a realtor to help sell) for a rental property in the Auburn Gresham Area near Foster Park .

31 July 2020 | 1 reply
I was super impressed with their organization, employee staffing, and professionalism.

14 October 2020 | 28 replies
However if you or employees aren't fully utilized then it would make sense to keep a portfolio with smaller profit margins until you grew to a point you were operating at full capacity and then you could go through and fire owners that had the smallest margins and free yourself to take on more profitable owners.

31 July 2020 | 3 replies
Whether that means showing two years of tax returns as a self employed 1099 worker or a W2 employee who only needs 90 days of pay stubs.