Michael Gao
How to split profits between husband and wife from flips as sole proprietorship?
Hi,
I am currently doing flips as a husband and wife team. I "hire" my wife to do research for me on deals and I make offer to close the deals and hire GC to do the fix work for me.
This year, I opened a "Keogh pro...
Cameron Skinner
Solo 401K rollover question
I hope our Solo 401 K experts can help Me and my wife are both on my Solo 401-k with sub Roth I would like to transfer a portion of the money to her Roth IRA, it is my understanding I can do this as long as their is a...
Account Closed
Backdoor Roth IRA Question - Can any CPA help answer?
As you probably know, the backdoor Roth IRA conversion is typically done for people that have reached over the income limits in order to be eligible for Roth IRA contributions. However, does anyone know what would hap...
Marion K.
SEP IRA and Self directed IRA/checkbook IRA
Is it possible to set up a SEP IRA to be a self directed IRA/checkbook IRA/LLC IRA? I max out employer sponsored 401k. In addition have a separate C corp and am considering setting up a SEP IRA. Not eligible for Rot...
Steven Lopez
house flipping question
Found my 1st flip. Its pre foreclosure. I am concerned on the taxes I will have to pay on the flip. expecting to profit 100,000.Any help on a strategy to lessen my tax burden would greatly be appreciated.Thanks Steve
Account Closed
Philosophy of how much to put in 401(k)?
Hey guys, this is a relatively simple question, and it may have been asked already numerous times, but I think with the new upcoming tax changes it may be worth considering again. Would you guys recommend that I max m...
Kristopher Smith
Using 401k to invest in real estate.
Hey there BP family! I was wondering if anyone has any experience/knowledge in how to roll a 401k into real estate. We are not interested in borrowing against it. We simply want to unload it and take control of our mo...
Account Closed
What are your feelings/thoughts/ideas on Self Directed IRAs?
Do you use them? If so who do you use? Had bad experiences? If so why? I haven't done much research yet, but I am really wanting to take the leap. Tips, hints, suggestions, stories are appreciated!
Zac Boyer
USING SEP IRA for a rental purchase
Good day to all,I have used many methods of cash in many purchases of our rental homes. I believe I heard on one of the podcasts that I could use my IRA to purchase a rental property. Are any of you familiar with this...
Alan L. Weeks
New Member from South of Boston area
I am interested in starting to acquire rental properties in my immediate area (MA 02375) to hold and generate income.I'm close to making my first deal and out looking at all types of residential single & multi-fam...