5 July 2025 | 10 replies
Of course your/my mileage may vary - but this seems such a standard thing to do, I can not imagine it's worth thousand dollars of contract rocket science.
9 July 2025 | 17 replies
Ford, Rocket mortgage, Beaumont hospitals and more.
7 July 2025 | 10 replies
A real estate-savvy CPA and a custodian like Rocket Dollar or Equity Trust can guide you there efficiently.Good luck!
8 July 2025 | 2 replies
(But it isn’t rocket science either!)
7 July 2025 | 9 replies
Violating this can blow up the tax advantages.Bonus Option: Solo 401(k)If you have any self-employed income (even part-time), you could set up a Solo 401(k).A Solo 401(k) offers even more flexibility than an SDIRA:Allows real estate investingHigher contribution limitsEasier to take out loans against itMore streamlined for checkbook controlTax ConsiderationsNo taxes or penalties on the rollover if done properly.Your investments grow tax-deferred (or tax-free in a Roth SDIRA).You can’t claim depreciation or take normal real estate deductions for properties owned inside an IRA but your profits avoid capital gains tax while inside the account.What You Should Do NextContact a self-directed IRA custodian (like Rocket Dollar, Advanta IRA, or uDirect IRA) to set up an account.Let them handle the rollover paperwork from your old 401(k).Start identifying real estate deals you want to fund using SDIRA rules.Work with a tax pro or CPA familiar with SDIRA rules to stay compliant.This post does not create a CPA-Client relationship.
9 July 2025 | 15 replies
Ford, Rocket mortgage, Beaumont hospitals and more.
9 July 2025 | 22 replies
Ford, Rocket mortgage, Beaumont hospitals and more.
9 July 2025 | 37 replies
Its not rocket science, it's just numbers, Good luck
10 July 2025 | 71 replies
Ford, Rocket mortgage, Beaumont hospitals and more.
3 July 2025 | 6 replies
Ford, Rocket mortgage, Beaumont hospitals and more.