Sandra Regnell
Solo 401k Advice Requested
Hi I am setting up an LLC and transitioning over from W2 employment. I have a company 401k and an IRA. I set up a Merrill Edge 401k which looks to be really expensive and not what I need. I set up a ubiquity solok but...
Kristen Chapin
1099/LLC/SCorp- Tax Advantages
I have an interesting situation and looking for advice. I have contacted my CPA but am still really confused as to the best option so here’s the story. I work as a licensed 1099 contractor in real estate. You can pre...
Kin Lay
Help with structuring my income with 401K and IRA?
Hi everyone,I graduated from university about 9 months ago and had began working in the corporate world. I earn about $68K per year right now and I am single. My company do 401K with cash balance formula, which it mat...
Josh Rich
Setting Up Solo 401k
Today I'm working on taxes and finalizing my Solo 401k set up, yes tons of fun...not my favorite way to spend a sunny 75 degree Saturday in San Diego!
That said, I need some guidance on next steps.
Step...
Jon Fletcher
Switch from W2 Employee to Consultant for Tax Savings
Does anyone have experience with asking their employer about switching from a W2 employee to a consultant so that you can take advantage of the Real Estate Professional status? If the employer pays your LLC S-Corp ins...
Samuel Hoston
LLC or Sole Proprietor
Hi guys which is better for residential real estate investing, invest as individual, LLC, or Sole Proprietorship?
Nick Edwards
All savings are tied up in 401k. What options are there?
Hi all,I have a decent amount of money saved in my retirement. I am looking to finance my first owner occupied house. I will get settled in it and immediately pursue other opportunities while I house-hack. My question...
Jackie Linne
Taxes question for LLCs
I recently created a Single Member LLC, mainly because I don't have trusted partner(s), so I didn't have a choice.Is it true that SM LLCs do not have to report federal taxes and all profit/loss activities should be re...
Jonathan Cevallos
Utilizing my 401k with an old employer
I have a 401k plan with an employer I no longer work for in 3 years. I want to use the funds for my second deal, but I don't want to pay the early withdraw fees, etc. What are my options?I know I can't take a loan out...
Andrew Schaefer
Hello from Orlando Florida!
To quote the great Jay-Z, allow me to reintroduce myself: my name's Andrew and I live in downtown Orlando. Some background on me:- I own two rental properties; a 3/2 duplex near UCF (32817 Union Park) and a SFR near d...