Toby Sheehan
My diversification story
Just want to share my story regarding diversification from heavy equity/401k position to short term rentals. I'm sure there are things I could have / should have done differently but I'm moving forward with new persp...
James R aduna
Eliminate High Interest Mortgages
BP Community,
Since the government's stimulus package for 401k investors has come out I've been thinking about taking money out of my savings and either paying off my high-interest mortgage or simply buying another ...
Account Closed
Withdrawing money from a mutual fund to purchase real estate.
I hope this is the correct forum to post this question. I currently have a mutual fund account with around 25k that I would like to use towards the purchase on an investment property. Long story short, my parents set ...
Mark Silberman
Classify as active or passive for optimal tax benefits?
My spouse and I own rental properties. Our longstanding property investments had passive loss carryovers from the earlier years that are now going down each year due to passive profits. (The rental market is very stro...
Robert Stamper
401K Solo contribution limits.
Hi everyone. Are 401K solo contributions limited to the amount of income made in the single member LLC? Example. Let's say I made $1,000,000 on a W2 job and made $10K on a single member LLC. Could I put $50K in ...
Pat L.
Interesting Scenario
Our 401(k) solo holds a 50% 1st position note on an investors rental SFH.
We are taking it back DIL for mtg arrears. With a little rehab it will sell for a good $25-$30k above the balance owed.
My TAX i...
Michael Hammond
Solo 401K for LLC and S-Corp
All, I've read there are better tax advantages for using an LLC for rentals and an S-Corp for flipping. I have had an LLC and recently set up an S-Corp to start doing rehabs. I like the control features of the Solo ...
Debby Reed
Planning a RE strategy for both 401k and personal investment
Hello, I'm hoping for some advice on an investment strategy for both my 401K and personal property.A little background: I'm single, 50 and have 2 kids with me part time (not claimed as dependents). I'm employed full t...
Casey Miles
So I've got a question. BF files order of protection against GF, cops throw the GF out.
So really long story short. Things are apparently not going so well in the home. BF calls me this morning saying his GF has gone crazy and he's going to the court to file an order of protection and he was just calling...
Sara Blouin
Rhode Island Tenant Law Question
Hello BP! I have a 4 unit property in Providence, RI I’m about to purchase. I have a medium value-add rehab intended, but the property is currently occupied. The tenants are currently under market rent. What options m...