Kevin Danikowski
Tricks To Increase Closing Credit from Seller?
I'm looking for a way to increase the amount of seller credit at closing. I have a deal for an agreed upon price i.e. 300k, but it's worth more, i.e. 350k. So i'm "purchasing" at this price while trying to maximize th...
Brianna H.
Benefits of 401(k) over Property?
My husband's and my goal is to eventually use rental income as our retirement income. We currently have one rental home and are looking to have ~10 within the next 20 years. So the question is...what is the benefit of...
Donald S.
50k SDIRA or Solo-401k, ideals on which and what strategy?
Hey Everyone,I've got about 51,500 in a TSP account that I can't contribute to anymore since I'm no longer in the Marines. Part of this money is Tax-deferred, part is ROTH, and part is tax-exempt (from contributions m...
Bryan O.
Solo 401k Attached to Passive Income Entity
Hi experts. I recently found out how contributions work for a solo 401k and that rental income is passive. So basically I'll never be able to contribute my solo 401k in this entity. Not the end of the world, but certa...
Navid A.
How to fund a new LLC the "proper way"
Good evening BP,I started a new LLC for my buy and hold properties and I'm trying to figure out how I should "properly" fund it. I opened up new bank accounts under the LLC and want to move funds from my "personal" ac...
Sooyeon Kwon
Gov’t Incentives for first time home buyer?
Hello, a friend of mine just mentioned something about the government trying to give 25K for a first time home buyer. Is that true? Or are they trying to get that past? If so how soon do you think it will be implement...
Mark Beekman
SD401k Newb Questions
I recently opened up a self-directed Solo Roth 401k through SunWest and I'm about to open a checking account and make my 2010 contribution.
First off, what type of checking account do I need to open? Would it be a sm...
Account Closed
are down payments towards mortgages considered "loans" to your business?
Hey BP.
I had a discussion with a friend about real estate investing in which he stated that all finances used towards down payments for a mortgages can be considered a "loan" to the business and thus recouped 'tax f...
Elias French
Retirement related questions
Hey I had two quick questions regarding retirement, one is does switching funds in your 401k create any taxes at any point in the future? And the second is with using a Roth IRA is it possible to pull out 4 percent of...
Zach Herbert-Burns
How much money can I transfer to my LLC legally?
Hi all, I am trying to open up an LLC for my first RE deal and I want to put cash into the LLC's account, once I've opened it without any taxation. Is there a limit to how much I can transfer to the LLC's account with...