And by far, is income taxes. I know there are tremendous legal methods how to not pay income taxes, or to pay very little. Judge Learned Hand(his real name!) once said in a court case " it is the right of every Americ...
I own a rental property via an S corporation, and was curious if I could set up a 401K for myself as both employer and employee. I already have a 401K at my primary job, and max that out, as well as max out a Roth IR...
I am looking to buy my first rental house and maybe a vacation home too. A vacation home would be on Air BNB or something.
Would you recommend refinancing and using home equity to purchase a home or using a self di...
How much state tax benefit would I get by putting money into the 529 program now and taking it out for August? I just don't want to tie up money for a small amount.
Good morning,So far this year, I have contributed $12k to my 401k. I'd like to contribute up to the max $19,500. I'm able to change my contribution percentage up to 75%. My pretax pay is $3912 per 2 weeks or $7825 p...
I am fully aware that you cannot sell a property you own to your SDIRA, but on the flip side can you buy from your SDIRA. Below is an example:
Let's say I acquire a property for $100k using my SDIRA funds and spend $...
I just finished signing up for my Solo 401k account with Sense Financial. The service was incredible. As a business owner myself, I wish more people would leave positive reviews just as quickly as they would leave a n...
I was usually using option 1, but I was recently introduced to option 2 and would like to get feedback on its caveats:Option 1:- Contribute to the Roth portion of a 401k (lets assume $50k)- Invest this $50k in a syndi...
Hello everyone! My name is Jason Mancini and I’m thankful for this website!I’ve wanted to own rental property since back in high school but my real-estate investing experience is very limited. My interest was sparked...
I will be partnering with a friend on some rehab projects. My contribution equals approximately 85% of the “all in” costs through bank funds I’ve secured. His contribution will be the remaining 15% from his own person...