Steve Jeffries
Self directed 401k prohibited transaction?
So, I was thinking of moving my W-2 401k to a self directed 401k. I understand that all profits have to be returned to the 401k, and there is a rule that a payment can not directly benefit you. This is my question...
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Michael Kambic
Creating an entity to contribute to a 401(k)
Hello,I do real estate flips currently under my own name (I know lots of liability risk), but the up side is I pay capital gains tax at a lower rate then a pass through LLC.Can I create an LLC that has no income, so t...
David Chwaszczewski
Setting up a eQRP vs. SDIRA
Has anyone done an eQRP? I am looking into the company Total Control Financial, but wanted to see if anyone has setup up one with the company before. Seems like it may be better control of your money then SDIRA and ...
John Williams
Real Estate Tax Pro: Hawaii
Looking for tax suggestions or recommendations for tax professionals in Hawaii. My wife is a realtor, I am currently active duty military. We are planning on maxing her ability to fund a SEP IRA. Any suggestions about...
Bishoy Takla
need to withdrew 100k for an investment property down payment
Hello BP,I need advice on what is the best way to withdraw 100k from my accounts to complete an investment real estate deal.We file separately and my wife has a lower income and 2 dependants on her filing, so I am thi...
Anja Brey
Mutual fund investment recommendations for Roth IRA
Hi BP, I would like to get a Roth IRA and I am wondering if someone has a recommendation on which company (Fidelity, Vanguard etc.) to invest with and maybe a particular Mutual Fund they like? I am looking for high re...
Gulliver R.
Q's about checkbook IRAs
Is there a Roth option for checkbook IRA?
If I rollover 100% of funds from a tradition IRA (both contributions and earnings) into a checkbook IRA, Can I buy a RE property with my checkbook IRA funds regardless if the...
Harry Metzinger
Going from Traditional IRA to Solo 401(k)?
Hi BP, I currently have Traditional IRA funds that are invested in stocks, but lately I have educated myself about going the self-directed IRA route. I met with a self-directed IRA custodian yesterday. However, give...
Komi Agbodzie
payoff personal debt vs investing
Hello All!
I am a newbie still educating myself and have not done a deal yet. I am stashing up cash (pre tax) for my first deal but now i am having a second thought and wondering if I should :1) pay the tax and use ...
Rich Petrucci
How to Withdraw from SEP IRA for First Time Purchase?
I have a self directed SEP IRA, with about $25k in it. I'd like to borrow from the account for a downpayment on my first property. I would owner occupy a multi family. I've read you can take up to $10,000 out of your ...