Cindy Auch
Is interest received from fix & flip loans subject to self employment tax?
Wanting to understand how the interest part of our income (partnership LLC) for short term loans- mostly fix & flips, are considered for tax. One accountant said it’s not subject to self employment tax since it’s ...
Matthew Poger
Security Deposit Snafu
I have a tricky situation regarding my tenant's security deposit.The situation is such that:- My tenants signed the lease in their name- My tenants employer agreed to pay for everything (1st & last month's rent an...
P Joshi
Can you make deductible IRA contributions if you have solo 401k
This IRS page mentions that limits are subject to coverage under employer plan.
[url]http://www.irs.gov/Retirement-Plans/Are-You-Covered-by-an-Employer%27s-Retirement-Plan%3F[/url]
What if you are not...
Gabe Bouldien
401k to Self Directed IRA
Hey BP, I work a traditional 9-5 and I have a pretty healthy 401k. I stumbled upon the SDIRA while researching different financial vehicles and now I’m curious. Ideally I would like my 401k to be a pass through accoun...
Emanuel Pellot
Trouble Getting an FHA on My First Deal.
I am looking to invest in my first property, and I was looking to buy a multifamily to house hack. I am having trouble with getting an FHA loan because I do not have a 2-year work history. I just started working at my...
Mike Francis
Other Lending Options for first time home buyers?
I have a house for sale where the interested buyers are a couple of months away from having the lender required pay-stubs. Both buyers are new college graduates, one with a masters degree with excellent credit, and bo...
John Paul
Retirement Savings options for Non 401K employees
Our current employer does not offer 401K. Started to invest on Roth IRA from past 5 years. The max is only 5.5K yearly contributions we can as per IRS limits. But some of my friends who work has 401K offered by thei...
Himavant Kurnala
401k in service alternate rollover
I came across this company which facilitated in service alternate rollover. https://inservicealternaterollover.com/about-us/contact-us/
This company facilitates 401k roll over while I am still employed with the emplo...
Karla Parraga
Rollover Traditional 401k into Solo 401k after First Property
I have a full-time job and my employer offers traditional 401k. I have read a lot about the advantages of self-directed 401k, especially for REI. I would like to know if I can open a self-directed 401k when I buy my f...
Chai Jonn
Solo 401k Contribution Limits
Hello All,I have opened a Solo 401k Account last year. I have self employed income for 2018 and 2019. I like to contribute to both 2018 and 2019 this year. I have filed for extension for taxes for 2018. I am getting d...