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...

So I'm curious to get the perspective of other BP members, and I guess in particular those who are more seasoned on the site.I'm sure a number of you are members of other forums where noobs are flamed for asking quest...

We are looking to start an LLC as a genuine construction company and would also like to use the company to purchase timber land. The thought is that the LLC would be used to cover the operating costs and as a tax she...