Mike Bicho
Self Directed IRA Question
Current Situation: I currently have money sitting in a 401K from a prior employer. I also have money with my current employer 401K. I want to open a SD IRA with the prior employer 401K. The question: If I open a SD...
Jeffrey Seid
How do lenders verify tax returns in Canada?
I always wondered how lenders verify tax returns in Canada. In the Usa, lenders can make you fill up a form that will allow them to pull your tax returns themselves, but such practise doesn’t happen in Canada. Lenders...
Jason Malabute
investing 401k money
A potential investor asked me today how can she take her 401k money and invest in multi family deal with me? Can she invest that 401k money with me without getting taxed or penalized? She is younger than retirement age.
Jon Fletcher
Switch from W2 Employee to Consultant for Tax Savings
Does anyone have experience with asking their employer about switching from a W2 employee to a consultant so that you can take advantage of the Real Estate Professional status? If the employer pays your LLC S-Corp ins...
Michael Norris
BRRRR conventional bank refinance
Obtaining private money for a BRRRR is pretty straight forward, but getting the refinance from a bank might be a bit more challenging. Currently, I am working "odd jobs" and certainly have not been employed by the sam...
Kay Keovongphet
Boeing self directed 401k
Hi - Has anyone transferred their 401k from Boeing (while still employeed there) to a self directed 401k? So far, It's been hearsay and haven't met anyone who has actually done this. I would like to make the switch if...
Kenneth Collins
operating LLC vs S-corp
I see and hear LLC all the time. Why dosnt anyone operate S-Corp instead, as the self employment tax is avoided? So I am obviously missing something. What is the pro con with LLC vs S-corp?
Leila Nosrati
Solo IRA Recommendations
I see that BP has a list of a couple dozen providers that can help me set up a solo IRA. Which are your favorites and why? Anyone not on the list that I should consider? What is a reasonable fee? Any questions you rec...
Gabe C.
Qualifying for a Solo 401k
I talked to the always helpful @Dmitriy Fomichenko a while back about SoloKs, SDIRAs and Checkbook LLCs and despite the SoloK being the obvious best choice, I came to the conclusion that since I don't make any schedul...
Russell Roberts
qualifying for a solo 401K?
I have a group 401K plan at my W-2 employer. I have an unexpected opportunity to transfer funds out of 401K plan while I'm still employed. Yeah! I'd like to transfer funds to a self directed retirement plan and in...