Nitin Dhiman
Contributions to Solo 401k
I've read through quite a few of the existing discussions on Solo 401k on this forum. Brilliant stuff. However, I have a very specific question regarding allowable contributions to the Solo 401k.If I have a side busin...
Account Closed
A couple of Solo 401K questions
I know many on here are fans of Solo K plans. I cant find too much detailed info online and even my tax guy is not too familiar with them. So let me post my questions here for the experts
1. Does having pass...
Sydney Rae
Separating Active Duty - Proof of Income
Greetings,
I am separating from Active Duty w/in 6 months. I am trying to buy a home & I have been pre-approved but the lender says that I will not be approved unless I show that I am either going to re-enlist or...
Kyler J Sloan
Income History: 2 Years, Multiple Jobs
I am about to apply for a mortgage for another STR.
However, I am also about to switch jobs.
Will I have problems getting a mortgage if I switch jobs? -- Or, is it okay if the salaries are equivalent and I have the...
Taegyun Lim
DTI of newly established LLC for Loan
I consider the business form of LLC vs Self-Employed to do rental business. For now, I am leaning toward establishing an LLC to purchase and rent real estate. In this case, the LLC won't have any income performance f...
Isaac Molina III
Would like to fully withdraw from my 401K for REI.
Hello fellow BP members. I would like to begin investing in rental properties in 2019. One way that I would like to start is to fully withdraw from my 401K.
I have Fidelity and it is a custodian 401K. I want to, firs...
Ronald Perich
Why you need to take an active role in your future
I started investing in real estate when my employer made changes to the pension plan (they stopped contributing to it). I was facing a shortfall in my retirement plans as a result of this change that I needed to make ...
Adam Hurst
Can I ask for proof of income?
I got this application. I can’t imagine an adoption subsidy that is $10k per month. Can I ask for proof? A few other red flags but this is the main one. It puts this applicant at 6.7x rent. Rent is $2150.
Gregory Wesley
Which loan is best?
I'm currently finishing up a rehab and my partners and I want to keep the home. We own the home free and clear. Our hope is we can rent the home and tap into the equity to use on another project. The home value is ~$2...
Joshuam R.
FL SMLLC > EIN > AS INDIVIDUAL OR CORPORATION
Hello all, will be continued full time W2 employee but also starting new LLC single member. Next hour or so will register EIN with IRS, best selection I have found during discovery is to establish it as either 8832 or...