John Underwood
Loss of business mileage deduction for those with W-2 income
My CPA had a letter in my tax prep documents that says that those with W-2 income can't deduct business mileage anymore.This is the first I had heard of this. I don't have W2 income, so I am good but I'm sure there ar...
Rick Whitley
Solo401K and Day Job 401k
I have just found out about a Solo401K. I have a small company on the side. I am a sole-proprietor but I still have a day job. Is it possible to fund a solo401k from my day job 401k and still keep the day job 401k? Ho...
Jason Malabute
HOW TO FIGURE OUT WHO EMPLOYS MOST OF MARKET
Hey guys,I feel like I have a general understanding of largest employers in my prospective markets, but I think what I am truly looking for is WHO EMPLOYS A MAJORITY OF MY MARKET AND KEEPS ECONOMY GOING?For example, i...
Dan Krupa
Retirement accounts as collateral
Question for the smart masses. I am catching up on podcast and I listened to episode 55 featuring @Jimmy Moncrief. He stated you could use a retirement account as collateral for an unsecured loan. Does anyone know an...
Roxanne Lembke
Realtor, do I need 2 years of tax returns to qualify?
Hi everyone, I am an agent and would like to buy my first home, (the irony, I know) I've done quite well my first year in the business, however I want to know if it is possible to qualify after only 1 year of tax retu...
Account Closed
Taking Money Out Of 401k?
I have been putting 10% into my 401k from my full time job. Being only 22 years old, I am still learning how to invest my money. I started to flip houses with my father this year and we just finished our first house! ...
Faustino Ramirez
How to use money from my 401K to fund my first purchase?
Hello,I have 260K in my current employer's 401K and I want to start investing in multifamily buildings for passive cash flow. My goal is to replace my W2 income (5K) with passive cash flow from real state investments ...
Shalante Davis
Help!!! Selecting the Right Self Direct IRA
Hey BP,
I have been self employed for the past 3 years. I have been doing some research on IRAs, but at this point my eyes are starting to cross. I have a nice amount of money sitting multiple retirement plans from ...
Chris Trull
I need help understanding the "Where"
I see a lot of potential "projects" in my area. My concern is that how do I know it will work? I mean more specifically, what information do I look for in an area and where would I locate this information? Is it inco...
Anja Brey
Defaulting note in SDIRA - no funds for property rehab in SDIRA
I have a defaulting promissory note in my SDIRA. It seems like the house could be a decent rental, but the property needs rehab and I have no funds in the SDIRA to pay for the rehab to get it rental ready.I do have an...