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Results (10,000+)
Luis Aguilar creative ways to buy my 1st house??
6 December 2017 | 45 replies
@Amy HerzingSo I have two types of student loans - federal and private.
Noel Walton Owner is incarcerated and we want to buy..
19 September 2017 | 12 replies
There are online directories where you can look up a prisoner's location (you'll have to know whether they're in federal or state prison) and then you can send them a letter.
Devon Craychee Financing Advice on SFR's
7 September 2017 | 14 replies
@Devon Craychee @James Miller - check with Pioneer Federal Credit Union on their HELOC program for investment properties.  
Cenddie Alaban Our family friend has $150,000 in cash but cannot buy a house.
6 September 2017 | 57 replies
@Cenddie Alaban there is a lot to your post so I will try to tackle it in pieces.For the most popular loan types (FHA/Conventional/VA/USDA) these loans are actually regulated by the federal government.  
Carrie Sun What are the potential risks in tax deed sale ?
19 September 2017 | 3 replies
Do I have federal liens, city liens, etc that the buyer is responsible for paying.  
Sam Miller Starting from scratch with a Self Directed IRA or Solo 401(k)-
8 September 2017 | 8 replies
@Sam MillerFollowing are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth 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 (Checkbook IRA) 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.)
Michael Ndjondo makadi Can trip expenses to go buy a first house be tax deductible?
9 September 2017 | 20 replies
You'll also want to be sure you're making estimated payments then as well since your employer will likely only withhold taxes for federal and California.
Clyde Stackhouse My home is a FHA , NIFA and i'm not suppose to rent? what to do.
6 January 2019 | 7 replies
If you cease to occupy the residence as your principal residence for a continuous period of one year or more, the interest on your mortgage loan may not be deductible for Federal Income Tax purposes."
Felipe Salgado Question regarding Duplexes.
15 September 2017 | 8 replies
Is that true for all banks or is this just with Navy Federal Credit Union? 
Troy Luster SFR Non-Owner Occupied Home Equity Loan or Cash Out Refinance
10 September 2017 | 1 reply
Hello BP,Does anyone know banks besides Pentagon Federal that will do a cash out refinance or Home Equity loan on a single family rental in MIssissippi.