Tony Castronovo
Asking for tax $ money
I sold a house last year. Just got an email from the title company, copying the buyer to ask me to pay about $500 directly to the buyer. Apparently, when the buyer compared actual taxes she paid, with the way it was p...
Alex Yakubovich
Backdoor Roth IRA and Pro-rata Rule
Hello everyone!Could you please help with my situation? I want to do a Backdoor Roth but I have pre-tax money on my trad IRA and I don't understand whether the pro-rata rule could be avoided if I do the following:1) A...
Mike Wiesenhart
How to pay/tax money/credit partner
I have an LLC for flipping houses. I also have a lender/tax partner. My question is, how do I pay him And make sure that I’m not liable for the tax bill on his profits. I’ve been reading about 1099s and K1s, but he’s ...
Andres Alava
Can I invest into real estate with pre-tax dollars?
Hello,
I have heard that it is possible to invest into rental real estate with pre tax dollars. From my own research, it seems that the main two scenarios where this can be done is 1. if you own your own business an...
Mark Leclair
Using Whole Life insurance to save on tax money
Has anyone done this strategy, I know tony Robbins talks about this on his book money mastering the game book and google it and I find the same results. So have you done this with flipping a house profits, rent roll p...
Reid Mathews
Self Directed IRA LLC and After Tax Money LLC
Hey friends! If you create a Self Directed IRA LLC but don’t have enough money in it to buy the property you want, can you use that LLC and then an after tax LLC to buy the property? And then would the two LLC’s be jo...
Account Closed
Which is the best scenario??
Hello, I am looking for some help to be able to figure out which approach is the most tax efficient approach.Here is the scenario...I have 300,000 dollars which I am going to spend on a Duplex. I am planning on rent...
Adam Moore
Short Term Rental Regulations - City's Will Come Knocking
https://www.austinmonitor.com/stories/2019/07/city-finds-almost-7000-unregistered-str-sites-with-enforcement-on-the-way/I believe this is a trend that will continue throughout the country. Too much tax money is being...
Yohannes Kifle
Self Directed IRA and Vanguard
This is just a post about some things I learned about opening a self directed IRA.I recently opened a self directed IRA and transferred some after-tax money in my employer's 401k managed by Vanguard, to the self direc...
Marc McKinley
401K loan versus investing in QRP/solo 401
Hey BP nation! Quick question as I wanted to see what everyone thought about these two choices.Would you…1.) Invest $100,000 worth of funds within your QRP/Solo 401k directly into real estate or private real estate de...