I'm considering starting an S-Corp so I can pay myself a salary and generate W-2 income so it's cleaner when I go to refinance property. Does anybody have any experience with this? I'd love to know your thoughts.
Hi BP,Like many buy-and-hold REIs, I'm getting hung up on what entity to form with regard to investing in notes.Have most of you formed an LLC? My understanding is that some exchanges will only sell to an LLC or compa...
At this point I'm contributing 6% of my pay and getting 3% match by my employer. That's the max they will do.
The way I look at it, the company match basically protects my contribution from inflation, and any fund i...
Hi BP community!My name is Mike and I currently live in the suburbs of Columbus, Ohio. I have been interested in pursuing real estate investing as a way to generate wealth and - over time - replace my W2 income. I am ...
Is it a good time to pivot to an IRA in anticipation of future investments? Any advice or personal stories to share on this topic?
“The housing market we think is going to slow a little bit,” Duncan said. “That doesn’t mean it’s declining, it just means the pace of appreciation will be slower. We still expect a very strong year, probably stronger...
Hello everyone, I have been busy learning from these forums and decided that it was time to create my first post. I have questions regarding the Solo 401K and starting a small business. Here goes:
Where I a...
Hi all! I am just starting out in REI and am looking at every option of saving and building capital to invest. I am 25 and contributing around $100-$200 a pay period to my 401K. I have only begun contributions last ye...
Hi, I am newbie (just had my first successful flip). My plan is to start using 401k $ to fund next flips or buy and hold deals. Here are the two options I am thinking about: 1. X-fer from old 401k to Solo and start in...
Hi BP community. New investor here educating myself hoping someone can answer my questions. I'm currently unemployed (industry shut down by the pandemic, but I'm returning to work in September), however I'm ready to...