Still have a W2 job but getting closer to FI in the next year or two. Big thing holding me back is getting over hurdle of health insurance for my family as well as 401k. If I make an S Corp and start hiring a couple e...
Hello - I bought a rental property (single family home) on my name and would like to transfer it to an LLC with 3 Members. This is in the state of Texas. The members are myself, my own brother and a best friend. The i...
As I grow more educated in the area of personal finance and investing, I am realizing that the $$ sitting in my 401k could be doing much more for me. I am 36, $140K fully vested in my company 401k. I do have other s...
Hello everyone,I have a question that been bothering me for quite some time. I’m hoping some of you with more experience can help spread some light on the situation. I’ll try to be to the point.For years I’ve been r...
I'm trying to rent out my first investment property and I decided to go with turbo tenant to advertise and screen my tenants because it sounded easy. I had heard that they also do rent collections but it turns out the...
Let's say the individual just graduated from professional school, and started their own practice/business. They are a contractor and receive a 1099 form. Do they have to wait two years before being able to qualify for...
As ever, the definitive answer is, it depends. In some cases, the stars align. In others, not. Regardless, you need to know The Good, The Bad, and The Ugly:The Good:Review your employer's Summary Plan Document (SPD) o...
According to the FIRE ratio I'm extremely close to 100% but then I have to consider things such as insurance when I no longer have an employer and it pushes that percentage back quite a bit. I'm wondering if there's a...
Hi all!As stated in the title, I am new to to this game and looking for advice. I left my position at a company back in New York to come to Miami and get my real estate license and pursue a career in real estate.I hav...
Hey guys, new member here. I recently listened to the Gabe Desilva podcast here and it he mentioned through out that he rolled his 401k to aan ira to avoid early tax penalty. Im looking to do this same thing with my r...