
22 February 2018 | 9 replies
Therefore, if you want to continue to preserve the tax deferred growth of the 401k, you may want to consider transferring it to an IRA or a solo 401k, as both allow for investing in real estate.Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions; andBoth are prohibited from investing in assets listed under I.R.C. 408(m).The Self-Directed IRA and Solo 401k DifferencesIn order to open a solo 401k, self-employment, whether on a part-time or full-time basis, is required;To open a self-directed IRA, self-employment income is not required;In order to gain IRA checkbook control over the self-directed IRA funds, a limited liability company ( IRA LLC) must be utilized;The solo 401k allows for checkbook control from the onset;The solo 401k allows for personal loan known as a solo 401k loan;It is prohibited to borrow from your IRA;The Solo 401k may be invested in life insurance;The self-directed IRA may not be invested in life insurance;The solo 401k allow for high contribution amounts (for 2016, the solo 401k contribution limit is $53,000, whereas the self-directed IRA contribution limit is $5,500);The solo 401k business owner can serve as trustee of the solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of her IRA; instead, a trust company or bank institution is required;When distributions commence from the solo 401k a mandatory 20% of federal taxes must be withheld from each distribution and submitted electronically to the IRS by the 15th of the month following the date of each distribution;Rollovers and/or transfers from IRAs or qualified plans (e.g., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA (Note that from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth RMD requirement applicable to Roth 401k contributions including Roth Solo 401k contributions and earnings.)

5 February 2024 | 11 replies
The people up here like the feel of having older homes that are just modernized.

20 July 2017 | 99 replies
Something less modern?

7 June 2020 | 18 replies
I’m also interested in tenants signing leases electronically with a digital signature.

12 February 2024 | 3 replies
We added appliances and created an eat-in kitchen next to the existing galley kitchens which already had granite counters and modern fixtures.

12 February 2024 | 0 replies
I will be discussing the growth of co-living investments and their potential to redefine urban living and real estate investment strategies in the nation.For those who don't know, co-living is a modern form of communal living where residents share living spaces while retaining private bedrooms.

30 December 2023 | 76 replies
The rough trade is being driven out by rising property prices, real estate investors are gentryifying the s*** out of the small multifamily that used to deal all the baggies and pills to any car that honked outside, the school district is making good use of the money coming in to modernize and make better hires.

20 May 2023 | 32 replies
Additionally, they have good population growth, job growth. modern/diverse economies, reasonable property tax rates and favorable landlord tenant laws.

26 September 2019 | 1 reply
Hey folks,Connected Investors has a new tool for searching for properties using a GIS user interface and searchable functions such as: high equity, vacant, non-owner occupied, etc. This tool starts at $1500. This is m...

31 January 2023 | 5 replies
Good morning, So I am currently looking for a new construction home due to the better efficiency with utilities, more modern, nicer area, and potentially less problems at the beginning.