I have an IRA through my employer that he matches and deposits an annual bonus into every year. I'm wondering what are the implications of transferring it into a self directed IRA? Is that something I can do even thou...
I have a cash flowing MF portfolio (about 80 units) and I will be leaving my corporate job soon to 1) be a better Mom to my kids and 2) focus on growing my RE portfolio. My husband and I each have about $500k in reti...
I want to start investing in rental properties however with 2 kids currently in college the hefty down payment would be an obstacle. I have a history of stable employment as well as a good credit score. Has anyone had...
All of my income is passive from rentals. Therefore I do not pay any self employment taxes (15.3%). Since I have no active income, I cannot contribute to any retirement accounts.
Does it make sense to convert some of...
I love maxing out our tax-advantaged accounts (my 401k at work and Roth IRAs for my wife and myself). Usually we have a few thousand dollars each year to invest after we max out these accounts (and it usually just go...
Hey my employer doesnt offer any retirement plan but i want to start one. What do you suggest? 401k, IRA or what?
I have always been curious how how significant my tax benefits can be from the purchase of real estate. So a little background info on me so you understand why I ask the question.... I am a current multi-unit restaura...
So I quit my job in 2022 and so for the last year I have been working strictly on my properties. I never bothered with logging my time (because it was a hassle and I didn't think it would be much benefit) but now I'm ...
I am looking for financial tips for my particular situation....I am a firefighter and also a self employed business owner. I work full time as a firefighter in Miami working my normal 24hrs on, 48hrs off. I also work ...
I currently have about $12k in a SEP IRA and I was wondering if I could take that money and use it as a down payment on a duplex?? The duplex would be a long term rental. I would never live it in. Is this legal? If so...