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24 April 2019 | 8 replies
Does anyone have advice on potentially getting a part time evening and or weekend job with a RE company doing administrative or computer / internet work?
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19 April 2019 | 7 replies
Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.The Solo 401k will allow you to take participant loans while the IRA does notThere is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.
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24 April 2019 | 2 replies
This means you don't need the additional expense and administration of an LLC to have checkbook control.
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24 April 2019 | 0 replies
Were starting Virtual assistance for real estate professionals Providing the administrative "brains" for a successful business If you're a contractor investor developer banker etc....
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24 April 2019 | 0 replies
Were starting Virtual assistance for real estate professionals Providing the administrative "brains" for a successful business If you're a contractor investor developer banker etc....
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8 May 2019 | 19 replies
This is the majority of the bookkeeping -banks love it and you can do a P&L per class/property Administration/overhead expenses can be prorated based on total income or time.
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7 July 2019 | 13 replies
California LLC's are a nightmare administratively and cost $800/year to the state.If you work with good counsel, you should have no significant risk of prohibited transactions, and the risk is exactly the same whether you write the checks or have a 3rd party custodian do so on behalf of your IRA.
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26 April 2019 | 7 replies
Compared to an IRA, Solo 401k contribution limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.You can borrow from a 401k, but not an IRABoth C-Corps and LLCs can adopt a Solo 401k.
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16 May 2019 | 12 replies
Less administrative and legal levels can make returns higher.
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18 December 2018 | 2 replies
@Nasson RaymondI cannot speak directly to the services of Advanta, and must disclose that I am a competitor offering a different kind of service in the self-directed plan space.Two key things come to mind:1) Advanta is a 3rd party administrator for IRA accounts.