We formed an LLC to flip houses - Partnership is 50/50.  Partner #1 funds 100% guarantees loans and handles all the bookkeeping.   Partner #2 married couple:  W is the buying selling RE agent on every house in LLC and...

Hey guys.So I am currently in that space where I’ve been reading books and listening to podcasts but I am still about a year away from my first purchase (at least 6 months).To make a long story short, I’m cleaning up ...

I am looking to make a sizable SEP IRA contribution to reduce my tax liability, but I don't want to hurt my ability to borrow in the future by not making enough income.  Is SEP IRA contributions added back in the way ...

Investment Info:

Single-family residence fix & flip investment in Aliquippa.

I helped out on this one with some of the work and some of the brain storming. I cannot take full credit for it, but since non...

I am an IT contractor, I get paid via an agency company as a W2 employee. The agency company pays no benefits.
Can I open a Solo 401K account and contribute to it?  If not, what's the best way to minimize my income ...

Hello all.As I was preparing my tax returns, I realized my 2019 AGI exceeds the IRS income limits for full contributions to a Roth IRA, which carries a 6% penalty for every year the excess along with its corresponding...

Hello all.
As I was preparing my tax returns, I realized my 2019 AGI exceeds the IRS income limits for full contributions to a Roth IRA, which carries a 6% penalty for every year the excess along with its correspondi...

Just finished reading Set For Life. 401k's let your wealth compound tax free but if you're in a higher tax bracket later in life, you're differing your tax bill to a higher tax bracket.
I also want to accelerate my a...

Hello BP!Fairly new to real estate investing, just bought a condo this past year with my girlfriend (and not looking forward to doing my taxes) and am currently in the "save money for additional investment while I lea...

I was talking to a conventional lender who is telling me there is a law stating that a seller can only contribute up to 2% of the purchase price towards the closing cost. Ex: $100,000 purchase price= a limit of $20...