14 February 2020 | 6 replies
Thinking of contributing 50-100 000,- as a down payment on my first property.
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16 February 2020 | 7 replies
@Steve LegnaioliSteve there is defiantly an opportunity to the extent that your facts and circumstances meet the requirements for these contributions.
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21 July 2021 | 254 replies
Because your over 50, in an Individual IRA OR ROTH IRA, you can now contribute $7,000/ year.
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15 February 2020 | 3 replies
@Kenneth BurkeIf you document clearly in your books that the money you received from your home mortgage was then contributed to your LLC and that the money is going back from the LLC to you as distribution before going to pay the mortgage that should be fine.Another option would be to have your LLC assume the mortgage and document it as such in your books.What would create problems and commingling would be your LLC paying the mortgage without receiving the funds to start with.
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28 February 2020 | 5 replies
I have a 401(k) that has been sitting for the last 3 years that I haven’t been able to contribute to because it is set up through a previous employer.
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15 February 2020 | 0 replies
I have about $10k of self employment income for the tax year 2019.I want to have that income count towards my DTI for future BRRRR refi mortgages.If I make a large contribution from that self employment profit into my Solo 401k account, will I still get "credit" for it on my loan application / from an underwriter, if they are reviewing my tax returns?
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6 March 2020 | 35 replies
She contributes by paying rent (albeit maybe a below-market value) and managing the other rent-by-the-room tenants for two years or something.
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26 March 2020 | 5 replies
Just remember that there are other factors such as Crime rate, Population increase, real estate appreciation, rehab costs, mortgage pricing and others that contribute a lot more to the success of your property than just Cash on Cash return
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20 February 2020 | 8 replies
Most of my money is in a Roth IRA so I believe I could withdraw my contributions penalty/tax free.
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17 February 2020 | 7 replies
I understand that there are rules, and I believe the rules were not violated, but, if they were...no explanation was offered.I am not sure I am interested in contributing anymore time to this site if a thread and/or post can just be deleted...willy-nilly...Any insight regarding the intentions of BP and what it is here for would be greatly appreciated.Is this a site to get people to pay for "PRO" membership in order to spam the hell out of each other?