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16 January 2025 | 4 replies
The best way to connect and learn is to be in rooms where it's going down.In terms of captial your best bet is to focus on a primary income that cash flow sufficiently, saving as much as you can and doing something real estate related so you can get familiar with the industry.
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22 January 2025 | 8 replies
I am also a huge fan of real estate and for the past 50 years there's been a way to combine both.By leveraging a Self-Directed IRA, real estate investors enjoy both the traditional advantages of property ownership and the additional tax benefits of retirement accounts, creating a powerful wealth-building strategy.
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3 February 2025 | 31 replies
I'm now figuring out how to maximize the return on current properties and add value, efficient ways to self manage, etc.
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21 January 2025 | 14 replies
A self-directed IRA or 401k can be a great vehicle for loaning money to others without getting hit with taxes on the interest income.
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6 February 2025 | 18 replies
Why even concern yourself with the legality if it’s self serving and harmful to your family member?
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23 January 2025 | 16 replies
It will allow you to roll existing retirement funds into the 401k (save Roth IRA) and self direct those funds.
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4 February 2025 | 9 replies
But, I was once a paid preparer and prepared or supervised the preparation of tens of thousands of tax returns and I saw some pretty stupid self prepared mistakes.
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26 January 2025 | 5 replies
Quote from @Dave Chengoue: Quote from @Wale Lawal: @Dave ChengoueIt's great to see your focus on multifamily properties and your clear plan for self-management.
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6 February 2025 | 2 replies
Some reasons you'd need to sub your tax returns: if you have a schedule C (self employemnt) or a schedule E (rental income).
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3 February 2025 | 10 replies
You would have to self-manage though, as paying a property manager will eat up most of your profits.