Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (1,237)
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.)
Donald S. 50k SDIRA or Solo-401k, ideals on which and what strategy?
24 May 2018 | 11 replies
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.
Jesse Hopcus anyone take the probate course with Jim banks s
23 May 2018 | 6 replies
The new list of probates includes the court-approved PR as the administration process has already commenced
Tina Chen How to Sync Airbnb & VRBO calendars
30 April 2022 | 30 replies
Apparent, these directions are based on a screen shot that is different than what I actually see when I commence to export a VRBO calendar (see the pictures).
Enyi Ajoku New Tenants have unauthorized Pets
12 April 2020 | 21 replies
If it is discovered that pets are habited in the premises without informing the Landlord a $35.00 fee for dogs, $25.00 fee for cats and $25.00 fee for other pets per month will be assessed retroactive to the date commencing the Rental Agreement.10.
Lamont A. Stop Coming by My House!!
14 March 2018 | 57 replies
(a) A landlord or any person authorized to enter into a rental agreement on his behalf shall disclose to the tenant in writing at or before the commencement of the tenancy the name and address of an owner of the premises or a person authorized to act on behalf of the owner as agent, inter alia, for purposes of service of process and receiving or receipting notices or demands."
Ashley Russell Direct Mailing in my own neighborhood
8 March 2018 | 3 replies
Lastly, debating on whether to put a real photo of our family on the letters vs. clipart.
Eric Badgley Craigslist Scams
19 September 2008 | 10 replies
As soon as I get it I will commence with sending the keys to you.the names to make the payment with are- NAME---------------------FELIX IKECHUKWUSTREET------------------78 ROAD, ST PAUL CHURCH OF THE LORD AVENUECITY------------------------LAGOSCOUNTRY----------------NIGERIATEXT QUESTION?
Kimberley Mundelius Question for someone who knows nothing about Real Estate.
31 August 2008 | 3 replies
A copy of the notice must be posted at one public place in the city where the property is to be sold (or judicial district in rural areas) at least 20 days before the sale.RecordingA notice of trustee sale must be recorded at least 14 days before the sale.MailingA notice of trustee sale must be mailed by certified mail, return receipt requested, 20 days before the foreclosure sale to the borrower, to anyone who requests notice or recorded a request and to the trustors, beneficiaries or parties at interest.Sale Procedures: Non-judicialTimeAll sales under a power of sale in a deed of trust will be made between the hours of 9:00 a.m. and 5:00 p.m. on any business day, Monday through Friday, at the time specified in the notice of trustee sale.PlaceThe sale shall commence at the location specified in the notice of sale.MannerThe sale must be made a public auction to the highest bidder.
Steve Hillen Greetings from Florida
19 June 2008 | 11 replies
A good deal of my work is involved in the preparation of title commitments, to finding and implementing the curative processes of any "hiccups" found on title, to inlcude liens, judgments, notice of commencements, and deed preparations, etc...