Carl Crain
moving IRA into LLC without penalty to flip
Interested in using my IRA to fund a new LLC that would flip houses and put the proceeds back into the IRA. Then due it again. Any guidance?
Buddy Holmes
Funding Rehab Flippers and making a fair return with lower risk
An Hard Money organization in Charleston has been offering funding for 1st mortgage security to Flippers with good plans for several years now. Another group of RE investors thought that if they teamed with the form...
Charles Lee
Seeking advice from experienced investors on ways to finance a property.
Hello folks,I am 27 living in Canada and make roughly 53k after taxes.I have been living in my condo (Purchased for ~159k) for just over a year that I put 20% down payment (~31800) on and I am looking to purchase anot...
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...
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...
Kevin Phu
Take Advantage of Gov't "401K" Match
I have an idea but I'm not sure it'll work legally or if I'm missing some information.I work for the government and currently contribute 5% (tax deferred) into my Thrift Savings Plan (TSP) since my agency matches up t...
Devin Otway
Househacking with Qualified Retirement Plan
Hi BP'ers,Does anyone know whether its possible to house hack (purchase rental property + live in it) with money in a qualified retirement plan (QRP?). I understand you have 'checkbook' control over the rental propert...
Jean Francillon
Traditional IRA OR Roth IRA
I have a traditional IRA with Merrill for the last 5 years. And I just open a with IRA with TDAmeritrade. Should I transfer my account from Merrill to the New Roth IRA? Or should I keep both IRA's? Need help
Mimi Booker
Rollover 401k to fund Real Estate business
I've read through the other solo 401k threads but so far I haven't found an answer to my situation.I have a current 401k plan through my full-time employer. I also have a small business on the side as a sole propriet...
Jennifer S.
Self Directed IRA Cashflow
I've been reading up on the Self-Directed IRA, and from what I've found is that any cash flow/profit goes back into the SD-IRA. How does one legally obtain funds from a SD-IRA for basic living expenses if the purpose ...