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Results (10,000+)
Tammy Bentley New investor Vacation home/ Short term rental buying with 401k
11 June 2018 | 6 replies
@Tammy BentleyIf you’re trying to take a distribution and put it back within 60 days similar to the process with an IRA, the rules are different for a  401(k) plan.
Michael Forbes Roth IRA/401k withdrawal for REI - Need Tax Help
1 November 2020 | 6 replies
@Michael ForbesIf you are not aware yet, a Roth IRA can be invested in real estate and may be a good way to continue to grow your Roth IRA tax-free funds.The rules require Roth IRA assets to be distributed in the following order: regular contributions, conversions and retirement plan rollovers, and earnings (IRC Sec. 408A(d)(4) and Treas.
Stephanie P. Solo 401k or IRA 59.5 is only 4 years out!
23 March 2018 | 2 replies
@Stephanie P.While both the solo 401k and IRA rules allow for investing in real estate, you will not be able to use the property for personal use unless you take an in-kind distribution of the property.
Nghi Le Leveraging Someone Else's Lendability for Flips
24 March 2018 | 14 replies
WA is not one of them But like Oregon is.Credit partner works but almost any lender if you have more than 20% of the LLC will require PG.so if your less than 20% you can still have uneven distributions that could be a work around for the PG.
Jonathan Bowen I hate "house hacking".
28 March 2018 | 67 replies
The term "house hacking', in my opinion, is derived from the internet culture of hackers; hackers hack websites in order to gain unfair advantages.
Richard Jump Self Directed IRA Investing Scenarios
3 April 2018 | 8 replies
Following 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 (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 2018, the solo 401k contribution limit is $55,000, 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.)
Corey G. Possible to convert an IRA to a Roth with investment properties?
7 April 2018 | 10 replies
Generally speaking, the higher the rate of return and the longer the funds will be deployed prior to distribution, the more advantageous the Roth option will be.
Upgrade Costello Can I sell a commercial warehouse and purchase single family home
6 April 2018 | 1 reply
After completion working with your accountant you dissolve the LLC and distribute the assets to the former members. 
Paul LaSpina Re- Assign a wholesale contract??
11 April 2018 | 3 replies
Does it still go to 1 single closing and the fee’s get distributed to both sales?
Paden Anderson Snow balling VS 15 year notes on rentals
12 April 2018 | 68 replies
@Paden AndersonPhases of a RE businesss - Buy a Million(Acquisition), Own a Million (Growth/Optimization), Distribution (Maximize Cash Flow)Since you are still in the Acquisition phase of your business, you should be setting all of those funds aside for acquiring new properties or investments to add to the portfolio.Keep in mind that the ROI is often better keeping the property leveraged by cash out refinancing and putting those funds to work as well during your growth phase.