Account Closed
is it okay to pocket excess contributions distributed from a sdira?
What happens to any excess contributions to a Self-Directed IRA (SDIRA) once they're distributed (removed) from the IRA? If they go into my personal bank account, that seems to violate IRS "self-dealing" warnings. A...
Logan Allec
Non-Taxable Income for FHA Loans: Do 401(k) contributions count?
It is my understanding that in calculating effective income for an FHA loan, non-taxable income (like child support for instance) may be grossed up at the greater of 15% or the borrower's tax rate for the previous yea...
Andrey Y.
Would you contribute to a 401k or TSP without employer matching?
This question is for military and non-military. I have recently started a traditional 401k with a small chunk of my W-2 income contributing. I am active duty military, so there won't be an employer match. I (most like...
Steven Slivinski
What factors contribute most to the ARV when doing a BRRRR?
I’m looking into doing my first deal. I have nothing to put down for a down payment and average credit. My plan is to run the numbers on a deal for a BRRRR and find a lender for the down payment and pay the loan back ...
Eric Chase
Best way to correct over-contribution to self-directed Roth IRA?
BP Community, can you provide advice???I contributed the max ($6,000) to my SD Roth IRA in May, knowing my (combined with my wife’s) AGI for 2020 would be under the $196K threshold. I then lent out this $6,000 along w...
Colton T.
Want to contribute on here. Where's a good place to start?
Good afternoon, everyone.I'm new to this (forums in general) and want to help share some of my own knowledge / experience, where applicable. I'm a Realtor and investor in D/FW. I grew up with 2 property manager pare...
Dan Rudolph
How much can I contribute to my solo 401k this year?
My wife and I are the sole proprietors of the business that that sponsors our solo 401k (unincorporated sole proprietorship). That business will probably make a total of $30K in 2018. I understand that this calculat...
Serge DuLaudAllemans
Young man looking for an internship/work to learn and contribute!
Hi everyone, not sure this is the right place to be looking for work opportunities but with all the professionals and experienced investors I had to try! I am a 21 year old Miami native currently finishing my last yea...
Alex Ballesteros
Do I use my Roth IRA Contributions? What are the rules?
What is your advice on using Roth IRA contributions to invest in your first real estate investment property?Are there any rules or specific information on doing this?
Johnny Weekend
Contribute to 529 plan to offset state taxes on rental property?
I live in California however own an investment property in Ohio. I may end up paying Ohio state tax in the profit from the investment property (even with depreciation and expenses). Would it be worthwhile to contribut...