Hello,I have several years of experience in many areas of REI (STR, LTR, BRRRR/Flips and I've built a kennel from the ground up). I have 10 plots of land I want to build on and I have plans and a trusted contractor bu...
I was told that I can not provide "services" to my SDIRA like doing repairs to a rental property. But where do you draw the line? Can I manage the property? Can I do the books? Can I negotiate to buy/sell property?
I have a simple ira from previous employer that I am considering rolling into my 457 plan. I have been considering it for awhile but can't find the correct answers. On one of the Bigger Pockets Money podcasts a few...
Hello BP Gurus,My husband and I have an LLC that is taxed as an S Corp and my husband has an existing SoloK. We recently became interested in putting some of these funds towards investing in real estate and I have a ...
I'm trying to work out acquisition scenarios with my various 'bins' of money to facilitate a flipping strategy. I've researched the solo 401k option and feel this will most closely align with what I'm trying to accomp...
I joined the full-time workforce in January and I have begun to contribute to my company's Roth 401k, in large part because I am enticed by the concept of tax-free earnings and a corporate match (a standard 60% of the...
Has anyone used their 401k to invest in Real Estate (not REIT). If so, how did you navigate the purchase so as not to be penalized (early withdrawal) and not get an income tax hit. Is there a way in which Real Estate ...
I would like to know which companies you are utilizing for your solo 401k and why.
Thanks for the feedback.
When buying from the bank, some banks ask for proof of funds. I'm wondering if a statement from a 401K showing enough funds would suffice. Anyone ever try it?
I've got a 401(k) with a previous employer that is not doing much in the market these days. I'm considering moving this into either a self-directed IRA (Checkbook) or a 401(a) under my own LLC. Any insight into either...