Account Closed
Unlocking Wealth: Leveraging Backdoor Roth IRAs for High-Earning W-2 Employees
For W-2 employees with substantial income, navigating the financial landscape becomes strategic. Understanding the nuances of Backdoor Roth IRAs can be a game-changer in optimizing wealth-building opportunities. Let...
Nicholas Wever
Seller Financing to Traditional Financing Question
Hi All,I have a simple, but silly question... I closed on 2 properties this past years. Let's say $350K, 50K down, seller financing at 6% IR with a 5 year balloon.Let's say I start to shop around and to transition fro...
Mitchell Stehly
Newbie From San Diego, California
Hello everyone, newbie here.
A little about myself: I’m 26 years old and working in the financial services industry. I’m living in San Diego, CA (North County). I went to school in Texas, so naturally I find myself ...
Adam Newman
10% down or 20% down???
First time investor here, please bare with me! Tomorrow, I am meeting my realtor for a tour of my first multifamily house hack. It’s listed at $289k. I have $50k plus about 7k in the bank.
Closing costs are 2.5% - $...
Blake Yoder
Buying a house, order of operations
Hey BP, I'm very new to the real estate game and I just want to make sure I have the "order of operations" down, as it were. First let me start off by saying I have read a few books on real estate and attended som...
Ann M.
Self directed Retirement Plan Questions
I currently have a SDIRA with a check book LLC. I have a couple of houses and mutual funds. I have just learned that I may or may not have overstepped my arms length vs personal involvement by occasionally providing...
Steven Seiberlich
Flip System vs. Flip Cheap Houses
Hi guys,
I'm a new investor looking to get into real estate for the first time. Potentially fix and flips. With no experience in this area I've been considering partnering with one of the following coaching/mentorin...
Drew Harris
Rent by the Room - Strategy
Hello BP,
I'm a rookie investor looking to work with partners on Rent by the Room strategy. I will be looking for duplexes and SF to do this. I plan on living in the property in one of the rooms to start leasing to...
Wendy BK
Rent (24% return) or sell ( 75% gain )?
Hi,
I recently purchased a investment property and originally planned to rent out, which is why I used a mortgage instead of cash. If i sell it, I may make about 20k (rate of return is about 75%). And I can...
Zehua Zhou
Fidelity won't open the business account for my LLC
My LLC is 100% owned by my 401k. So it is a disregarded entity where the tax should flow to my 401k.When I try to open a business account with Fidelity, I filled their form to explain that the owner is my 401k and the...