Charles H.
Overcontribution on Roth IRA - need help to fix
Hello all! So somehow, I didn’t notice my AGI would be above the IRS Roth limit (198,000 AGI) and I had contributed 6000 into my Roth in 2020.So my tax program is telling me I have to pull 1250$ + any earning made on ...
BJ Ralphs
?? to structure split w/ LLC - partner is conractor, I am RE agen
I am a Real Estate agent and my partner is a contractor. we are going to form an LLC to do flipping. I will provide all the downpayment $$ and make the deals with lenders, find the properties as well as market them wh...
Juan Lopez
Cash out 401k and Roth IRA
Hello guys:I wanted your opinion on my intention of cashing out my 401k and Roth IRA account to use the money to buy real estate. I think real estate market has better opportunities at the moment and more potential in...
Dustin Ruhl
It’s 2019: Do These Passive Income Ideas Really Still Work?
So – you’re looking for passive income. Aren’t we all? I’m sure you’ve seen it all over your Facebook feed these days . You have friends relaxing, doing no work at all – enjoying their days on the beach. What if I sai...
Rich Riesmeyer
Seller financing and social security benifits...
As I understand it, if you have not reached full retirement age, 66, your social security benefit will be reduced if you exceed a certain earned income. Rental income is considered passive, so that does not redu...
Savon Moniz
Suggestions for who to bank with for my REI checking/savings?
Having earned some money now from deals I’m wanting to bank my REI earnings separately from my day job to both track my earning/spending but also maximize my return from cash I earn. I currently use a credit union for...
Ty Schuman
Great renovations $$$ Saving Pro Tip
Hey guys,just wanted to share a way I have found to save substantial $$$ on materials I purchase from Home Depot by using the Social Good App. Social Good is a non profit organization that has teamed up with major ret...
Michael A.
Using life insurance to buy real estate
I’m curious if any investors on here have used cash value life insurance to buy real estate? My Grandfather taught me when I was young how he used his cash value to buy assets and earn a return on his money while it’s...
Paul Roth
Do I still pay taxes if I re-invest my LLC's revenues?
I'm planning on mounting an LLC to start my first real estate investments. My plan is to immediately re-invest all profits generated by the entity, in the name of the LLC, so I pay no taxes on it. I would probably inv...
Jimmy Wilson
Solo 401K Questions
Hello everyone, I have been busy learning from these forums and decided that it was time to create my first post. I have questions regarding the Solo 401K and starting a small business. Here goes:
Where I a...