Nitin Dhiman
Contributions to Solo 401k
I've read through quite a few of the existing discussions on Solo 401k on this forum. Brilliant stuff. However, I have a very specific question regarding allowable contributions to the Solo 401k.If I have a side busin...
Jonathan Allen
Can I set up a 401(k) matching policy within my LLC?
Hi BP community - I wanted to know who has set up solo 401(k)s within their LLCs as a way to both reduce tax exposure and add to retirement savings? I'm looking for a way to reduce profits into year end and the con...
Mike S.
Mega back door with multiple 401k
Regarding the non deductible amount that you can contribute to a 401k, is the amount limited by your earned income in the sponsoring business or the total of your earned income?
Lets say that you earn 100k in busin...
Collin Hays
Smokies home prices: How far could they fall?
I was on the phone with an owner yesterday who is contemplating selling, but will need to bring at least $150,000 to closing, due to the fact that their property is currently worth somewhat less than what they paid in...
Pat McCandless
Self-directed IRA
When using a self directed IRA as a down payment on a rental property, I'm understanding that any cash flow can't be touched for personal use (if that's not the case please chime in). What happens then if you wanted t...
Michael Dunn
Taxes & Rental Property/Income questions:
TAXES:Before I file my Taxes for 2018, I want to make sure I have all my ducks in a row.So I need to Definitely Write-Off the ........... Taxes, Interest and Insurance on my Rental property?Regarding Depreciation, do ...
Does finding and closing 15 deals a month sound desirable to you? Today’s guest shares exactly how his team does just that! Returning guest Nathan Brooks shares how he’s built a turnkey business that consistently find...
As an investor, it’s easy to become fixated on cash flow, much like today’s guest at the start of his real estate journey. After realizing he was “house poor” with a mortgage payment larger than he could afford, Eric ...
We know what you want: more profit while working less in your real estate business. As a rookie, investing in real estate can sometimes seem like more trouble than it’s worth. But, a few simple adjustments can take HO...
Melissa Aguila
Ways to offset my W2 tax with my passive income
Hello All,I own 3 short term rentals that I self manage and I Also own another business where I earn my w2 income working full time.My question is from my understanding, I cannot use my passive income expenses to offs...