Investor insight please.

[z987k]

For employer plans, no - for individual Roth contributions there are:

The income limits for Roth IRA contributions in 2024 are as follows:

• Single filers
  Modified adjusted gross income (MAGI) must be less than $146,000 to contribute the full amount. If your MAGI is between $146,000 and $161,000, you can contribute a partial amount. If your MAGI is $161,000 or more, you can't contribute at all.
  
  
  
• Married filing jointly
  MAGI must be less than $230,000 to contribute the full amount. If your MAGI is between $230,000 and $240,000, you can contribute a partial amount. If your MAGI is $240,000 or more, you can't contribute at all.
  
  
  
• Married filing separately
  If you lived with your spouse at any time during the year, you can't contribute if your MAGI is more than $10,000.
  

The maximum contribution limit for a Roth IRA in 2024 is $7,000 for those under 50 and $8,000 for those 50 and older.

Ya, but those limits don't actually exist. Just backdoor roth.

 

[Marshfly]

Totally depends on the market and property type.

A little creativity goes a long way.

There are guys/gals killing it in the current high interest rate environment by signing long term leases with sober living companies. The cashflow is insane compared to sfr for the same exact home.

Chat with a couple "high-end" trailer park operators about their numbers...also insane.

Real estate is a much more diverse asset class than most people think.

The more you turn "real estate investing" into 'running a business" on a piece of property of course the return will increase. But there is a point where it's a normal business and not simply real estate investing. Running a luxury mobile home park with tons of amenities is a business. Damn near an RV park. Running a crappy mobile home park where you rent dirt with nothing else is probably not. Lots of grey area there but let's be real here.

However, I am 100% on board with creatively thinking about how to fund retirement and build wealth. Way too many people think in these normal boxes and we need more people like you that can come up with great ideas to utilize capital.

What part of Montana are you in?

 

[Article 4]

Ya, but those limits don't actually exist. Just backdoor roth.

They do exist. They are a part of IRS code

You can backdoor and the limits still are in play unless you decide you wanna risk audit. most reputable advisors and firms won’t let you backdoor over the limits. If you do, up to you if you wanna pay the tax up front in order to backdoor. It might make sense to do that for some investors.

 

[Firestone]

I got 25 acres and about 8 of it is useless. Bunch of utilities run through it and with their right of way stipulations, it makes it hard to do anything with it. But I can build non inhabitant buildings, so I poured a 6000sqft slab last month and here shortly I will be building 48 mini storage units on it. If it fills up I have room to put up 2 more the same size. I am hoping to use this as an early retirement but we will see.

My brother got into crypto this summer and made 47k in the last month alone. Haha kind of wish I had some money in that right now

 

[Hnthrdr]

I got 25 acres and about 8 of it is useless. Bunch of utilities run through it and with their right of way stipulations, it makes it hard to do anything with it. But I can build non inhabitant buildings, so I poured a 6000sqft slab last month and here shortly I will be building 48 mini storage units on it. If it fills up I have room to put up 2 more the same size. I am hoping to use this as an early retirement but we will see.

My brother got into crypto this summer and made 47k in the last month alone. Haha kind of wish I had some money in that right now

Seems like a great use for the property in the right locations storage units are fantastic

 

[z987k]

They do exist. They are a part of IRS code

You can backdoor and the limits still are in play unless you decide you wanna risk audit. most reputable advisors and firms won’t let you backdoor over the limits. If you do, up to you if you wanna pay the tax up front in order to backdoor. It might make sense to do that for some investors.

Of course that part of the code exists, but there are no income limits for a backdoor roth. So I'm not sure what you're talking about for the rest.