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  1. P

    Creating A Money System

    Thanks for that. Very similar to the Lazy Portfolios I read about. Regarding quarterly payments, I have been doing lump sums of at least 90% for the past 3 years with no penalties. Tax Topics - Topic 306 Penalty for Underpayment of Estimated Tax
  2. P

    Creating A Money System

    Thanks for all the great info and the super fast reply! I really appreciate you helping me out here. I'll do some more research and put together a mini portfolio to share.
  3. P

    Creating A Money System

    Hey all, just wanted to say as a new Insider Member, this place is awesome! I have been posting a bit in the normal forum, but wanted to really disclose some more private things here in the Insiders Forum in hopes of getting some solid advice for the group regarding investments and money...
  4. P

    Buying Your House Cash or Getting a Loan

    REAL ESTATE 
    What about doing a lease to own option?
  5. P

    Colorado Tax Lien Sales Now Live

    REAL ESTATE TAXES | REGS 
    For those investing in liens - I saw this ad on facebook. Looks like a pretty useful tool for staying organized: LienLog | Tax Lien Certificate Investment Portfolio Management and Servicing Software | LienLog - Personally have done no research into the lien niche and/or tried out this tool. Just...
  6. P

    Buying Your House Cash or Getting a Loan

    REAL ESTATE 
    Really? I have had meetings with guys at AllianceBernstein and they wanted to tie up $700K, I had a meeting with US Trust (Bank of America's private banking sector) and they wanted $500K - I understand they have these minimums for a reason, but I can't imagine giving a company that much money...
  7. P

    Buying Your House Cash or Getting a Loan

    REAL ESTATE 
    If you don't mind me asking, are you investing the funds yourself (if so, what types of assets), or do you have someone else doing it?
  8. P

    Buying Your House Cash or Getting a Loan

    REAL ESTATE 
    True - but why throw away money on rent or lease payments when you can have an appreciate asset? Even if it doesn't generate cash flow, you need to live somewhere.
  9. P

    Swimming For Fitness

    Swimming and water polo will get you ripped!
  10. P

    Buying Your House Cash or Getting a Loan

    REAL ESTATE 
    Thanks for the detailed response. Regarding where I currently live, California (San Francisco), so no homestead and $1M gets you a ~2K sq. feet fixer with no land and $15K a year in property tax.
  11. P

    Buying Your House Cash or Getting a Loan

    REAL ESTATE 
    Hello all - just wanted to play out a scenario with you. If you had the cash to purchase your dream house (Ex. $1M) and still have money left over in the bank, would you do it, or get a loan? Granted, this is not a investment play - this is a house you would plan on living in or keeping in the...
  12. P

    where to put your money?

    Were you talking about this: How to Never Work Another Day in Your Life, The Money-System Portfolio or this: https://www.thefastlaneforum.com/investing-trading/14381-whats-everyone-holding.html or something different?
  13. P

    Business Is Now Making 7 Figures - Taxes are killing me - Advice?

    HOT! TAXES | REGS 
    Was your financial/tax strategist in Arizona? ;) I may have fallen into the same hype on those guys and wasted 5 figs +. Every accountant/tax attorney/etc. I talk to tells me exactly what I want to hear - we can do xyz and save you 30%. We used to work at Deloitte, have celebrity sports clients...
  14. P

    Self-Directed IRA / Self Dealing

    Are you familiar with the Elevation Group? I learned about the life insurance thing from them and have a similar setup. I also read Nelson Nash's book. Regarding the tax free loan part - you still have to pay the monthly/yearly interest right? I forget how that part works. They talk about...
  15. P

    Registering in Delaware to be able to run company from anywhere?

    Even if you open a Nevada/Delaware/Florida, etc. LLC where they have no state tax, but live in a State with state tax (F*cking California), you still have to pay CA state tax because you live there. I think the rule is that you have to live 6-9 months out of the year in the state where you...
  16. P

    Purchasing Tax Credits

    TAXES | REGS 
    Has anyone had any experience in purchasing tax credits and using them to get a refund? There are both State Tax Credits and Federal Tax Credits. I was approached by my financial adviser who introduced me to an accountant who does the books for a clean energy/green coal company. They have...
  17. P

    Buyer Beware - Buying Funds at Year End

    INVESTING 
    Quick question about buying funds. For long term capital gains you need to wait over 1 year. What happens with the dividend payout happens under that period ? You have to pay short term gains for the first year only. Ex. A fund distributes dividends on October 22, 2012. You buy on October 25th...
  18. P

    Purchasing Assets with Pre-tax Dollars

    TAXES | REGS 
    Yeah, we accelerated the depreciation. One accountant was depreciating around $2K (on a $100K car purchase for 2011), but my new accountants accelerated it to around $8-11K.
  19. P

    Purchasing Assets with Pre-tax Dollars

    TAXES | REGS 
    Is this possible? How would you have to structure the purchase so that the $100K is not taxed? I have spoken with multiple accountants, tax attorneys and financial advisers and they have all said that you cannot write off the purchase price of a car. Although you can use the "companies" pre tax...
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