All Forum Posts by: Tim Connaughton
Tim Connaughton has started 1 posts and replied 2 times.
Post: How can I find an honest and moral adviser/mentor?
- Chico, CA
- Posts 2
- Votes 1
Originally posted by @Jay Hinrichs:
YOu should be looking at buying GREAT performing notes.... NOT the asset.. owning the asset and living off shore is not a good play in my mind.. BE the BANK... let someone else deal with the day to day tenant etc.. and just ACH your payments into your account... 1000 a month is 100k in cash more or less EASY EASY EASY .,,
Hi Jay - I’ve been chasing you through the forum a lot lately! Take this the right way - you’re a great free education!
In any event - would you point me in a direction to learn more about notes?
Post: Getting Proceeds from Sale into Roth Vehicle
- Chico, CA
- Posts 2
- Votes 1
Hello BP -
About to sell my residence and want to get the proceeds into a Roth account. Planning on future RE investing.
- Proceeds are in excess of $11,000 ($5,500 ea for me and my spouse) and pencil out to be worth the cost of setting up any special account
The main issues that I recognize are self-dealing and the contribution limits.
Anything creative out there?