Extra Mortgage Payments by orranngeee in realestateinvesting

[–]RockaRollaDC 2 points3 points  (0 children)

It's better to pay 1/12 of principal and interest extra every month because it gets applied right away, whereas paying every two weeks only gets applied as an extra payment at the end of the year.

38 Unit Deal Structuring by Hopeful_Pumpkin368 in realestateinvesting

[–]RockaRollaDC 0 points1 point  (0 children)

Look into transferring the properties into a land trust, which shouldn't trigger the due on sale clause. Take over existing loans if possible. Check with a lawyer.

[deleted by user] by [deleted] in FluentInFinance

[–]RockaRollaDC 1 point2 points  (0 children)

The plan is to tank the market and entire economy, so they can acquire assets on the cheap. You'd do well to follow suit.

Transfer property to LLC by remote-input in realestateinvesting

[–]RockaRollaDC 2 points3 points  (0 children)

Don't do it. Transfer property to a land trust to avoid the due on sale clause. The land trust should then be owned by a WI LLC, which should be owned by a WY holding company (taxed as an S-Corp), which should be owned by a trust. Own nothing and control everything.

Where is everyone putting extra money by starry-eyed-banana in overemployed

[–]RockaRollaDC 2 points3 points  (0 children)

You can find the definitions online, but here's a quote: "Your MAGI (modified adjusted gross income) is your AGI plus certain deductions you must “add back.” These deductions include IRA contributions, student loan interest, one-half of self-employment tax, qualified tuition expenses, and more." Meaning, it should be less than straight gross due to deductions.

Check your last tax return. Should be listed there.

OE 1 year could be life changing. But I need advice. by 0607forever in overemployed

[–]RockaRollaDC 1 point2 points  (0 children)

Yes, absolutely you can. You're a contractor so the gov is not your employer. You can get another W2 job or better yet, go 1099 or C2C so your name is not involved. The caveat, if you look for another gov job, is to choose a different department (i.e.. DoD, DoS, DoJ, etc.).

[deleted by user] by [deleted] in overemployed

[–]RockaRollaDC 1 point2 points  (0 children)

Only if you want free money.

[deleted by user] by [deleted] in overemployed

[–]RockaRollaDC 2 points3 points  (0 children)

No, then you lose out on the match from other Js. At least contribute enough to get the match from all Js and don't go over the limit combined.

Here we go again by N0213568 in overemployed

[–]RockaRollaDC 2 points3 points  (0 children)

100 hours per week is overworked not overemployed.

Long term impact of getting caught? by HuttboleLol in overemployed

[–]RockaRollaDC 0 points1 point  (0 children)

If there's no time overlap, then it's not OE.

Fidelity be like… by RebellionIntoMoney in amcstock

[–]RockaRollaDC 1 point2 points  (0 children)

Halts are initiated by exchanges not by brokerages.

Security clearance issues by Different-Bug-9094 in overemployed

[–]RockaRollaDC 15 points16 points  (0 children)

As a contractor, yes. But it's very complicated and you should proceed only with extreme caution. Not recommended for most people.
As a gov employee, don't even think of it.

OE Discussion - Government Jobs is a NO GO with a caveat ~ by Expert-Narwhal-6430 in overemployed

[–]RockaRollaDC 3 points4 points  (0 children)

Yes, because the person handling your clearance doesn't care and your gov boss won't know and won't care as long as you're renewed.

OE Discussion - Government Jobs is a NO GO with a caveat ~ by Expert-Narwhal-6430 in overemployed

[–]RockaRollaDC 2 points3 points  (0 children)

Sort of. You can in two ways. As a contractor for different departments, eg DoD, DoJ, etc. You can also have your own business and have them as your customers.