Joey Cassera
Hiring 7yo son as household employee
I am looking to hire my 7yo son as a household employee. Mainly Supervising his 2 year old sister while were home so we can complete tasks such as cooking and laundry.
I do not own a business. Am I able to do this ou...
Alex Bejenaru
Converting previous employer 401k to SDIRA or soloK
Hi Everyone,I currently have a 401k through my previous employer with about $65k and would like to put it to use in my house flipping business. Is it possible to self direct those funds towards my business in anyway? ...
Evan Bonnell
Cashing out 401k due to COVID-19 $100,000 PENALTY FREE
Anyone else considering doing this? Is this a crazy plan?My plan:
My wife and I lost daycare so we're splitting time off to take care of our children.
We have significant cash reserves and 75% equity in current RE ...
Anthony M Schlitt
Max out a roth IRA vs Save more aggressively to start BRRRRing
Looking for some opinions here, particularly from some FIRE people.Background: I'm 23, a year out of college, earn ~60k in the military and carry almost no college debt. I've been maxing my roth IRA for the last three...
Danielle McKahn
How can my real estate investment/development company access nonrecourse loans?
Hello! I have a small real estate development/construction/investment company with four partners. We've been honing in on a pretty good development/investment formula that is working for us where we buy an existing si...
Account Closed
Solo 401k
I have two questions:
My wife and I are forming an LLC. Can we both have a solo 401K?
Can a portion of a standard 401k be rolled over into a solo 401K?
Thanks for the help
Maureen F.
Buying from Wholesaler or Making Cash Offer on MLS - Boston
Hi, I'm trying to buy a three-family (or maybe a two-family) in the crazy-hot market of Dorchester or nearby, and need advice! How would I go about buying from a wholesaler? Do they only accept cash offers? How muc...
Mindy Jensen
Can Rental Income Qualify Me for a Self Directed-Solo 401(k)?
If I have a rental business, can I use that income to qualify me as self employed so I can set up a self-directed solo 401(k)?
@Dmitriy Fomichenko @Seth Tandett
Kevin Hayes
Using Tax Deferred IRA for Real Estate Investing
I have cash sitting in a tax deferred IRA account. I am looking for alternative tax strategies to use in investing these funds for real estate investing. I realize by taking a cash distribution it would be considere...
Jeff Caravalho
Solo 401k VS SD IRA
I read on another post that IRA custodians don't like solo 401k's because they don't get commission. Can someone explain to me the fees & services for a solo 401k vs a SD IRA. I'm self-employed & had someone...