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4 November 2021 | 4 replies
In case you are eligible for the Solo 401k, here are some of the benefits it would offer compared to a self-directed IRA:Solo 401k contributions limits are roughly ten times higher than IRA limitsThere is no custodial requirement for the 401kYou don't need the additional expense and administration of an LLC to have checkbook controlThere is a built in-Roth component whereas IRAs are either traditional or Roth, not bothA spouse can also participate in the same Solo 401k planThe Solo 401k has additional tax benefits over an IRA when investing into real estate using leverageThe penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)
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4 November 2021 | 2 replies
I am currently a student majoring in business administration with an emphasis in finance and a concentration in the real estate field.
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8 November 2021 | 27 replies
(HUD Administrative Law Judges presides with HUD's Office of General Counsel, and cases in the federal courts are handled by the U.S.
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15 November 2021 | 5 replies
It will be an administrative nightmare.You may want to have a conversation with an attorney on how many properties each LLC should hold.For example, you may want to say, I can have 5 properties per LLC or 1 million dollars of net worth in each LLC.Best of luck - Regarding a CPA, you are lucky enough to live in a state without a state income tax which opens you up to CPA's around the country.Best of luck!
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13 November 2021 | 1 reply
I have completed all of my pre requisites for general business administration and am now looking deeper into a degree that might help with real estate investing.
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5 January 2022 | 6 replies
This years massive increase in valuation opened their eyes and the administration is studying how to control and tax it.As others said, you can borrow against the crypto, but you are going to pay a higher rate and watch for clauses that allow them to call the loan.From the banks perspective, if you are not selling Bitcoin and you have low income, how will you repay the loan?
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10 December 2021 | 9 replies
I'm administrator to an estate that has debt and we need to sell these mineral rights.
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4 January 2022 | 5 replies
I am a double major, studying business administration and marketing.I appreciate your response!
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3 January 2022 | 8 replies
Sometimes it is because an addition etc was permitted but never documented though it was completed (this is an administrative issue).
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16 April 2022 | 1 reply
I recently took a job at an affordable housing (144 unit) apartment complex to learn more of the administrative side of HUD programs.