Good Afternoon to all! Working through some questions as I finish my first individual Note purchases with my Individual 401(k) and was hoping the community would give me a hand in clarifying my thoughts some. Wanted...
I fix & flip homes. In 2019 that business will profit about $250K. I have an LLC for buying properties and another LLC that holds a contractor's license. (Company A buys the property and Company B renovates it....
I have a 401K from my prior employer that has a decent sum of money in it. I have left it there for the past several years because the return have been decent. However, I think I'd like to have the option to invest in...
A bit of a new guy here.If I take my 401K after I leave my company and move to self directed and then buy 1 or more rental properties in cash.Does the monthly income from the rental have to be moved into the Self Dire...
Ok, I have read a lot of posts on this subject and I am still unclear on what you can and can't do. But, it appears that I may not be able to do what I was hoping to do...Here is the scenario: I have recently "retired...
Hello everyone,
Looking for a thoughtful exit plan from land-lording. Been at this business for 20 years and there is more to life than wearing maintenance and cleaner hats al the time. This was originally a 5 year p...
Hello BP community. I have spent the last couple of weeks researching my start up, meeting with Attorneys and CPAs trying to find the strategy the best suits me. I have lurked in the forum and done loads of research...
Something I used to believe whole heartedly, several years ago was that the 401k is a scam. Tons of books on Real Estate preach that to the masses, which can unfortunately be terrible advice for those in the middle. B...
I'm somewhat familiar with the tax advantages of a 1031 exchange. It's awesome that the government put this act into effect but I do have some questions about the full process. My current understanding: in order to av...
Hi all,
Im just starting out and am realizing that the first step is to set up goals and a strategy to meet your goal. I could use some help developing my ideas.
First my situation:
I am a 38-yo single man living...