Rich V.
$80k a Year Salary is Only $9/hr
An $80,000 per salary salary is only $219 a day.
$219 a day is only $9/hr if you earn income at 24 hours per day.
This doesn't take taxes into account.
What is your time worth? How are you making money work for you? ...
Amanda Larson
How much can I contribute to solo 401k this year if I'm W2/1099?
Hello, I listened to a BP podcast tonight (show 162) with @AmandaHan about tax strategies for saavy real estate investors. The more I learn, the more questions I have! This question is regarding self-directed IRAs (SD...
Kyle Kaldor
Out of state Lending and Taxes
Hello everyone, I have two questions:1. When looking for out of state rental properties, is it generally best to use a lender that is in the same area/state of the property, or can an out of state lender be used? If...
Lucky B.
How do I figure interest & pay my friend who is loaning to my LLC
I have a new llc and I will be accepting 140k from a friend to put into the llc bank account. I will most likely be paying him back 20k for for investment. Do I have to tell him make sure he writes let an on the memo ...
Shawn Q.
Set for Life question: using Roth as savings location
I just finished @Scott Trench's Set for Life (as you can no doubt tell from how often I reference it) and I had a thought/question I'd like to put to everyone. What do you think about using a Roth IRA as a component o...
Joe Boggin
tax implications?
if a property is gifted to you from a third party, do you pay any taxes on that equity as you just earned it? i know if you rent it there are taxes on rental income...i know if you sell it there will be a capital ...
Charles Stewart II
Real Estate Agent or Loan Originator/Officer
Who makes more money per year, real estate agents or loan originators?
Julian Buick
Transferring to Roth
I've been using my SDIRA for private lending for a couple of years now with pretty good success. I was recently given an end date for my current job (I'm a contract engineer so it happens). This has got me thinking ab...
Bill Jackson
Should I buy out mortgage?
Hi I was recently laid off from a well paying job. I do have some money set a side. so for the current time i am ok. Sometimes life smacks you in the face and you all of a sudden see everything. I originally was p...
Michael Mastantuono
taxes due to selling a house you flip
I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...