I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.
I only contribute 5% to get full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.
I learned about govt actions from cfp in ny by name MonicaMaryStrigle. Ms. Strigle explained the benefits of long-term Treasuries and alternative investments, which the govt doesn't disclose. Lately they been investing in solid start ups, bonds, digital currencies, precious metals with real backing, while manipulating the stock market decisions as influenced by congress, driven by year round events and consumer sentiment in the past half decade.
I learned about govt actions from cfp in ny by name MonicaMaryStrigle... Ms. Strigle explained the benefits of long-term Treasuries and alternative investments, which the govt doesn't disclose.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Patricia Annie Brooks
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I like your videos a lot, and you have a natural gift for teaching; understandable, entertaining style. straightforward information and just an enjoyable experience for an otherwise boring topic. Thanks - subscribed. By the way, I bought my first rental 12 years ago and I also live in a unit. I didn't have much of a 401K or Roth then so I didn't bother with the LLC route. Now I have another building plus a lot more in 401k plus Roth and wondering about doing this. I live in Virginia. I've had an LLC before with an insurance business (selling policies) I used to operate, so I know a bit of what they are. Anyway, thanks for this.
I don’t how people that all repairs out are making money. I do many repairs myself. When I am busy other things I have to pay tradesmen. A minor leak in a water line cost my $350 to repair . There’s that months cash flow. I can do the same repair with $5.00 of PEX tubing. I am a 3rd party RE inspector and renovator.
Hey Mark. Quick question. I want to put a few stocks from my IRA into my Roth before they explode in value. It looks like I can easily do this conversion through Schwab, but it looks like they want me to choose an amount to withhold for taxes. Can't I legally just choose 0%, and worry about it at the end of the year? I'm assuming Schwab would just send me the appropriate form at the end of the year to put in my taxes. Sound right to you? Thanks for any thoughts.
I was thinking the same thing! A single person LLC in accounting is a pass through entity same as a sole proprietorship. Also all anyone has to do for court is show you pierced the veil between LLC and personal, commingling funds, deed transfers…
I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.
I only contribute 5% to get full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.
If I may ask, as in withdrew all of the money from the 401K and IRA programs? If so, what was your strategy behind that decision? Thank you.
I learned about govt actions from cfp in ny by name MonicaMaryStrigle. Ms. Strigle explained the benefits of long-term Treasuries and alternative investments, which the govt doesn't disclose. Lately they been investing in solid start ups, bonds, digital currencies, precious metals with real backing, while manipulating the stock market decisions as influenced by congress, driven by year round events and consumer sentiment in the past half decade.
I learned about govt actions from cfp in ny by name MonicaMaryStrigle... Ms. Strigle explained the benefits of long-term Treasuries and alternative investments, which the govt doesn't disclose.
Just bought my 1st rental property. Every point mentions by Mark is excellent advice.
I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Patricia Annie Brooks
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on Instagrams, using the user name
fxannie19 💯 ..that's it
This free game right here so grateful for this guy ❤
He's awesome 👍
Thanks for sharing FET and AMS99T. 💯
Thanks!
I like your videos a lot, and you have a natural gift for teaching; understandable, entertaining style. straightforward information and just an enjoyable experience for an otherwise boring topic. Thanks - subscribed. By the way, I bought my first rental 12 years ago and I also live in a unit. I didn't have much of a 401K or Roth then so I didn't bother with the LLC route. Now I have another building plus a lot more in 401k plus Roth and wondering about doing this. I live in Virginia. I've had an LLC before with an insurance business (selling policies) I used to operate, so I know a bit of what they are. Anyway, thanks for this.
I don’t how people that all repairs out are making money. I do many repairs myself. When I am busy other things I have to pay tradesmen. A minor leak in a water line cost my $350 to repair . There’s that months cash flow. I can do the same repair with $5.00 of PEX tubing.
I am a 3rd party RE inspector and renovator.
Have good credit. Make a video how to use OPM
#4 - Buy property in your name. Deed to LLC post closing: Do you buy property in your name with spouse? Is spouse manger of entity?
Fantastic video 🎉
Thank you for educating regular people!!!
Enjoyed the video. Thanks for sharing
A new investor does not have enough money to afford not even a good CPA.
Mark, that blazer is SICK!
Terrific stuff. Excellent info.
are you in florida?
thumbs up to Mark
Good one Mark ! 👍👍
I believe in AMS99T just like you mentioned in the last video
I’m looking to purchase my 1st rental property next spring 2025 I would like to have a consultation with you let me know how much you charge?
Who the hell can afford a owner rental insurance! You have to be getting a substantial rent income to be able to afford one. Not for Chippewa County 😅
Hey Mark. Quick question. I want to put a few stocks from my IRA into my Roth before they explode in value. It looks like I can easily do this conversion through Schwab, but it looks like they want me to choose an amount to withhold for taxes. Can't I legally just choose 0%, and worry about it at the end of the year? I'm assuming Schwab would just send me the appropriate form at the end of the year to put in my taxes. Sound right to you? Thanks for any thoughts.
I am a certified tax advisor with Mark Kohler. I can help. Link in bio
A standard 30 years fix loan does NOT allow to be put into an LLC
I think I am going to consult with you in 2025 .. i love you
👊🏽👊🏽👊🏽
169😊
Don't get me wrong, you are providing lots of golden nugets but some things depends on each business economic market where it is operating 😊
And that’s why the rentals are not profitable anymore 😅
Is a lie!!! LLC does not protect a one person owner.
I was thinking the same thing! A single person LLC in accounting is a pass through entity same as a sole proprietorship. Also all anyone has to do for court is show you pierced the veil between LLC and personal, commingling funds, deed transfers…
AMS99T is still extremely undervalued
0Thank you for sharing AMS99T💗 I really appreciate it