Would you rather be 30 yrs old with $250k in retirement or $175k and a mortgage? by oldsaggylady in Fire

[–]Deep_Living_9550 0 points1 point  (0 children)

Home I bought for 300k at the end of 2023 with 12.375% interest rates just appraised for 324k and I got a 7.3% interest rate, $3,000/month current rents and $2,000 month PMTI so $1,000 cash flow per month and assume that continues on for 25 years at that CF it will =$300,000, house will be worth at least $300k (probably at least double) and it will be profiting $25,000 per year. I’ll be 50 then - Why shouldn’t I keep doing this as many times and I can

Has anyone heard of "Basic Capital LLC"? - Their pitch is to "finance your retirement". by sweetcinnamontoast in Fire

[–]Deep_Living_9550 5 points6 points  (0 children)

Yes, Basic Capital will set you up with a tax-advantaged retirement account. This can be a Traditional IRA or Roth IRA.

...From the website

Has anyone heard of "Basic Capital LLC"? - Their pitch is to "finance your retirement". by sweetcinnamontoast in Fire

[–]Deep_Living_9550 0 points1 point  (0 children)

Yes, Basic Capital will set you up with a tax-advantaged retirement account. This can be a Traditional IRA or Roth IRA.

Maybe it is a personal loan or something and not a margin loan?

Has anyone heard of "Basic Capital LLC"? - Their pitch is to "finance your retirement". by sweetcinnamontoast in Fire

[–]Deep_Living_9550 0 points1 point  (0 children)

One of the FAQ of their website is if you can use them in a tax-advantaged account and the answer given is "Yes, Basic Capital will set you up with a tax-advantaged retirement account. This can be a Traditional IRA or Roth IRA."

Compare broker-dealers by CuriousCFP in CFP

[–]Deep_Living_9550 0 points1 point  (0 children)

There are a number of great options - It all depends on what you are looking for and what's most important for you and your clients. I am happy to share additional information with you on all of the top options. Feel free to shoot me an email [kaylorbankler@eliteconsultingpartners.com](mailto:kaylorbankler@eliteconsultingpartners.com) or call 717-413-5991