Edgar Rodriguez
How to get closing costs credit for an investment property?
So I am buying my 2nd investment property. It is a sfh in Council Bluffs Iowa. I made and offer asking for 5% closing costs from seller. Well we are a week from closing now and my lender just told me that towards an i...
Scott Kim
Help!-Want to learn about Self-Directed IRAs
Hi BP-I am really interested in learning more about Self-Directed IRAs. From what I gather, this is a tax savings account (like a 401k), but the advantage of having this IRA is you can purchase a property with it. My ...
Charles Cowin
Pensions, Roth ira’s, and taxable accounts.
Good morning everyone. I’m a 26 year old union electrician in north central Illinois. My fiancé is a 24 year old public school teacher. We both get pensions at 59 1/2. On top of that, I’ll be starting 2 Roth IRAs this...
David M.
Owner Statement on Appfolio
Hi, all.I hired a PM for my portfolio (10 SFH) and the portfolio inside a family trust (50+ SFH). I really enjoy the PM - he's responsive, has a good team of handymen and a couple full-time rehab teams on staff (neces...
Oneil Guntner
Roth 401K Match versus save up cash at a more rapid pace
I have been contributing to a Roth 401k at work. In order to get the full match I put in 6% to get a 4% match. It has built up to almost $9,000. I read Scott Trench's Set for Life for the second time the other day and...
Sam Miller
Starting from scratch with a Self Directed IRA or Solo 401(k)-
Hi,
I've been in Real Estate for 6 years and actively investing for 3 years now. I'm 24 years old and think I'll be self employed for the rest of my life and want to finally start preparing for retirement. My parents...
Peter Bui
Is finder fee or assignment fee would trigger a UBTI tax?
Hello everyone,I am just starting out with the Wholesale Real Estate process and appreciate any advise on this topic so that I have a clear understanding about the DOs and DONt in RE Investing with SDIRA.Is finder fee...
John Humphries
$30,000 in a Roth IRA wanting to invest in RE. What would you do?
Hi BP SDIRA experts. I'm looking for some advice and opinions. Here's the scenario:$30,000 in a Roth IRA - I'm tired of investing in the stock market and excited about real estate investing. I'd love to use this mone...
Jonathan Lilly
Tax/Investment Question
Hi. I work for a small Engineering firm where we have a Simple IRA plan. The maximum tax deductible contributions for this plan are $11,500 per year. I have always tried to contribute this amount every year, because, ...
Mark Smith
Should I Kill My 401k?
I've been listening to Set for Life, by @Scott Trench. Great book! One of the things discussed in the book is how a 401k locks up part of your income, and that if you aspire to reach early financial freedom then a 4...