Jeni Lu
Hire one general contractor or piece it out with multiple contractors?
I'm about to close on a house that I plan to rent out. It's a definite fixer upper (estimated renovations around $20K-25K). Should I look to hire 1 general contractor who can take care of all the repairs? Or should...
Pixel Rogue
eTrade announcement and Super/Mega Roth
Received an email today from eTrade requiring changes to be made to their 401k program.
eTrade is no longer supporting after-tax (nom-deductible) contributions to 401k plans (aka closed the door on roth conversion a...
Natalie Kolodij
Will your rentals qualify for 199A? New Guidance!
Hey guys, Take everything with a grain of salt as the finalized regs were JUTS released today. Thoughts: 1. The IRS issued a safe harbor of 250 hours to offer some clarification. Meaning spend 250 hours on rentals(s) ...
Tim Kaminski
What Career Best Complements REI?
Hello BP!I'm 24 years old, college graduate (Economics), and looking for a career that will best complement REI. I am planning on flipping homes, buy and hold, and possibly wholesaling. Desk jobs do not sound appeal...
Zach P.
FICA TAX Question (EMPLOYEE and EMPLOYER/EMPLOYEE SIDE BUSINESS)
I'm hoping a tax expert can answer this question I have. In my current job, I make close to the fica cap which my employer pays both employer and my portion as the employee. I only contribute the matching 5% to my 401...
Allison W Gammon
Using solo 401K for down payment
Hi, everyone. I have a solo 401K (I'm self-employed) with E-Trade. I spoke to etrade and all they would do is read the rules to me, not actually tell me what I need to do. So, it looks like I can borrow 50% of my so...
JIll B.
Self Directed Solo 401K
I am self-employed with 1099 income. I want to open a self directed solo 401K so I can invest in syndications and other real estate. I have a 401K with my previous employer I will roll into my solo 401K. I was looking...
Patrick Philip
Can you profitably home build without a contractors license?
Is it possible to profitably build and sell houses without a contractors license? Has anyone here done this?
Matt Tallent
Is a daily driver truck a tax write off?
Hey all, I have a sedan now but I’m always finding a need for a truck. My plan is to trade in my sedan and buy a truck. Can I buy this from my rental bank account and write it off. Also can I write off the maintenance...
Jason Staine
Self directed 401k plan
Hi BP,We are looking to rollover a sep IRA and a roth IRA into a self directed 401k or solo 401k. Had anyone used companies like etrade or td ameritrade? If not what other options would you reccomend