All Forum Posts by: Raymond Latham

I want to say hello to everyone, I Don't want to Miss a single head. I live in LaGrange Texas, and I want to dive Right in and become a rental real estate investor. But I don't know the first thing about putting a business together, now I was told that funneling my cash flow into a Roth IRA had limitations to the tune of $6,000 per year. So as far as I understand and LLC is the only way to go, unless I discovered different. I do not want to make a mistake, so if anybody can help me straighten this out so that I can get started I would so appreciate it.

@Dmitriy Fomichenko, Dmitriy what do you suggest I try, I mean I don't want any legal entanglement to come back and bite me!

@John Underwood, John thank you for the suggestion. It was exactly what I needed to know!

Jody Sperling, my name is Raymond Latham and I'm just starting out as an investor, I just posted a question about this very subject and my question was, should I funnel my cash flow to a Roth IRA..... Jody can you please tell me how I should do this or should I do this?

I understand the concept of real estate I intend to buy and hold or use a BRRRRR system to get multifamily homes or remodel a single family home if possible into a multifamily home, but on the business side I'm a bit confused should I create and funnel the cashflow to the LLC or have my cashflow, profit, whatever you want to call it funneled to an Roth IRA.... Thank you for your suggestions and your help!