28 February 2020 | 14 replies
@Curtis WoodsIf you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job [NOTE: You generally can't rollover funds that you saved to your current employer plan until you quit.].You could then take a loan of up to 50% of the balance not to exceed $50,000.
28 February 2020 | 6 replies
No, not income.Would have to see the settlement statement and county property tax statement to be sure, but generally it is a reduction in your property tax expense for the applicable tax year as that is the seller's prorated portion of property taxes for the portion of the year he/she owned the property.It's generally a current liability that hangs out on your balance sheet until the next property tax payment cycle.
5 April 2020 | 6 replies
Is the fund using high leverage to achieve the projected yield?
1 March 2020 | 9 replies
To fund this initial purchase, I had to tap 401k for substantial down payment with balance financed by Seller.
3 May 2020 | 5 replies
Within the FI and FIRE communities there is a lack of consensus around 4% specifically and you'll find the more conservative members favoring a lower rule, like 3.6% or 3.8%.The reason this is considered a "safe" rate to draw down on your investments is that the overall market returns OVER TIME are well above 4%, so if you build your assumptions on numbers that have historically been achievable, then you'll have the highest likelihood of achieving similar results.
3 March 2020 | 5 replies
You're responsible for paying cash upfront for the deposit and then you have a period of time to pay the balance.
5 March 2020 | 9 replies
Other areas while not as flashy would be more stable and predictable and finding the balance being key.
4 March 2020 | 8 replies
Because of this I've very passionate about educating others on how to use their benefits as a resource to achieve financial freedom.
14 April 2020 | 12 replies
This could be good starting point to identify your return on equity in the portfolio you inherited and compare it to what you could be achieving in other investments, potentially something closer to you?
3 March 2020 | 81 replies
If the agent will not provide that, reach out to the agents broker.Dual agency is not only a tricky balance that can blow up in your face very quickly, but it also takes a lot more work for the listing agent.