How does one get past the idea of NOT having a traditional retirement account and into the mentality of leaning on rentals to consistently bring in cash flow? Grew up in a traditional household and trying to break fre...
My accountant reported my interest income from my mortgage note portfolio as interest income with no schedule c. Could I lower my tax liability by reporting the interest in another way? This came up because I had an...
Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...
I’m looking to use retirement fund to invest. Heard about the Cares act distribution (if you’ve faced covid hardship-which I am)So wondering if it’s better to take the 401k funds out before end of 2020 (tax breaks) Vs...
Hey BP,
I have been self employed for the past 3 years. I have been doing some research on IRAs, but at this point my eyes are starting to cross. I have a nice amount of money sitting multiple retirement plans from ...
I have been trying to educate myself on the advantages of a Self-directed IRA vs Roth IRA. My curiosity was peaked when I listened to a Podcast recently about a gentlemen that purchases "investment properties" with h...
Hi all. I previously owned/managed and did all repairs for a duplex I later sold in a divorce. (Originally purchased with a private lender who has since passed away.) Now I do repairs and property mgmt for my boyfrien...
We just spent the majority of our capital on an apartment complex and are now starting to look at syndicating and raising funds from self-directed IRA's. As I have been researching this, I have come across some infor...
I need to make my 2014 contributions ASAP in order to fund a self-directed 401k deal for a friend who needs help. My CPA says he's not comfortable with me making the 2014 contributions so soon because I haven't cl...
Hi all,I have some funds in my 401k that's not performing. It's currently with Fidelity and they don't offer anything self directed.Who should I use to purchase real estate with? What kind of fees should I expect?Thanks!