Dan ODonnell
Need opinions on investment
Hey there everybody I am hoping some of you can help me out with your knowledge. I have been saving up money to invest into a property with my uncle who buys and flips condos and houses. We are at a disagreement that ...
Adam A.
Solo 401K vs. ROBS
Greetings,After browsing and reading BP I still don't a clear idea which route to go. In my situation, my wife will be a retired teacher by June 1ST @ 52. She has 403b and 401a plans which she can rollover from VALIC...
Marshall Secord
Taxes involved when flipping property
Hi BP, I quit my full time job and closed on a property a couple months ago in Philly. I’m doing most of the renovations myself and I’m starting to sift through the potential taxes incurred once I sell. I’m a bit conf...
Michelle Svetlitski
For a mortgage, if you are an employee of an LLC you own are you self employed?
My husband worked an employee for a medical device company for 20 years. In September he opened his own company to become an independent distributor. At that time we did not consider the implications it would have for...
Renee Weaver
Insuring a home not lived in
Hello, My husband and I buy one or two homes a year, renovate it and sell it. Depending on the size of the home, it can take anywhere from three months to six or seven months to get it ready to sell. We usually sell ...
Sahil K.
Rollover from Employer 401k to Solok.. and more
Hi! I’m currently working full time (on W2) and have money in my employer 401k. I found another full time job and will have 10 days in between the two jobs. I am planning to roll over the 401k into a Solok, but have a...
Joshua Zapin
Property Management Indemnification Standards
I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/...
Kyle Doney
401k Contributions From Personal or Biz Acct?
Hi,I cannot find any literature from the IRS on whether contributions to a Solo 401k from an LLC taxed as an S Corp have to come from the businesses account or if they can come from a personal checking account. My acc...
Jason Malabute
GIVING MY TEAM PERMISSION TO FAIL
One thing I need to be conscious about is not being my team members control on how they do their work. I am really making a conscious effort to avoid giving my team instructions. The reason for this is when you give i...
Tom Murphy
SBA Loans / Paycheck Protection Etc
Is it just me or does anyone else feel like this SBA loan / paycheck protection program is going to be scammed to death by everyone and their brother? It just doesn't make sense. What if I (purely hypothetical) had ...