All Forum Posts by: Kylie A.

OP looking at your previous posts you do wholesaling?  If you’re a millionaire liquidity is a small part of your investment strategy since the return is low.  Anything you do is fine since the objective is not higher return.  

 States aren't a limitation. The fees vary with the specifics of the deal. Would love to hop on a call and answer your questions. No obligations to you. I sent you a connection request 

 No I am a transactional lender. We fund EMDs and Double closes on wholesale deals for a fee.

for example if you are double closing a property worth 250k and selling it to an end buyer for 300k, you need the full 250k upfront and we can fund that amount.

In some states double closing can be a work around because your are actually buying the property, even if it's for a short amount of time. However, for example South Carolina, wholesaling and double closing are now illegal because the intent is the same.
My team has funded a few of those.

Kylie, 

You referenced Roth IRA, so I will provide some education on this topic to hopefully help you:

1) Roth IRA contributions, can be distributed from the Roth anytime tax and penalty free. Many are not aware of this. For example, in 2024, you can contribute $7,000 when under the age of 50, and $8,000 when 50+. Let's say you are 30 years old and you make over the next 10 years, $25,000 in contribution, we shall call this your basis. Let's say you make $20,000 in income from that basis, which of course grows tax-free. Now let's say at the age of 40, you could really use that $25,000 basis. Despite being under the age of 59.5, which is the qualified retirement age, you can distribute the $25,000 because it is after-tax Roth contributions. I like to call this a nice safety net for those that our younger and looking to save but fear locking up all their capital.

2) Keep in mind to contribute directly to a Roth IRA, you need to be under the Modified Adjusted Gross Income (MAGI). For example, in 2024, as a single individual, you make less than $146,000 MAGI, you can make a full contribution to the Roth, $230,000 if married filing a joint return. If you are over these amounts, you can do a backdoor contribution, which is contributing to a Traditional IRA and then immediately converting to a Roth IRA. Keep in mind though, the distributing from basis, won't work in this case, but you still have tax-free Roth savings. There are hardship withdrawal provisions and others that can be exercised if you meet the requirements.

3) If you have access to a workplace plan, like a 401k, with a Roth component, you can consider that as well. 

4) If you setup your Roth with a Self-Directed IRA custodian, they can allow you to invest in assets like real estate, private lending, private equity and other alternative assets.

Worse case scenario you distribute from your Roth early and pay taxes and a 10% penalty. Should not hold one back from contributing. 


Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust Company is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.