I am planning on backing out some Roth IRA contributions for the down payment.

Lately, I have been thinking on cancelling my policy and put that money towards maximizing my 401k and opening a Roth IRA.

NJ gets a bad rep but no way would me and my wife be where we are today had we invested out of state and essentially paid a middle person to handle our properties4.Turnkey is like an IRA.

Just makes higher taxes and more complex As an LLC, the first thing I would be doing is putting 25% the profit into a 401k or IRA to reduce your tax load.Also, it is not clear what you were trying to accomplish.

Have you brought this concern before any IRA experts who are familiar with the current IRS position on ETs accounts?

My mother has an LLC for her self-directed IRA which owns property in Mississippi and a note in Nevada.

Also my 401k and IRA are being used for reserves.

We can elect the LLC to be taxed as a S-corp to avoid paying some of the gains via 401K or SEP IRA contribution. 

Would you recommend investing mostly in real estate and a small amount to fund your typical IRA/401k, going 100% in on real estate assets, 50/50 split, or has another investment strategy worked for you?

I’m particularly interested in learning more about laws related to my self employment income and how I can maximize my IRA contributions and minimize taxes while still building up capital for my real estate ventures.Any recommendations for CPAs in the area?