Tina Artigliere
Quest Trust Suddenly Closed down Administration on their Solo 401K Plans
17 January 2025 | 24 replies
@Alicia Prokos (and anyone else in the same position) A 401k plan is a type of Qualified Retirement Plan, in which there are - at a minimum - 2 essential roles: Trustee and Administrator.Plan administrator – The person who is identified in the plan document as having responsibility for running the plan.Plan trustee – Someone who has the exclusive authority and discretion to manage and control the plan assets.In the overwhelming majority of plans, it is the business owner and/or the business entity adopting the plan that fill these roles.Companies that provide 401k administrative services are more aptly called "third-party administrators."
Annie Anson
How to meet material participation hours for out of state investors
22 January 2025 | 25 replies
In addition to managing 65+ units in the greater Tampa area I also am a broker who almost exclusively represents investors buy the best available STR properties both on and off market.
Jared Lyon
Tom Cruz vs Blake Choisnet
19 December 2024 | 4 replies
Cruz seems to focus more on seller financing which seems to be limited as a lot of sellers don’t offer this. 90 day rental road map focuses on private funding with exclusive lenders for their students that will fund 100 percent of the deals.
Joseph Bushnell
Building a data center
16 December 2024 | 7 replies
Our newspaper noted they had invested over $1b in the area, but I think that covered 2 mega sites.
Margaret Lewis
Tax Deeds in Texas
17 December 2024 | 5 replies
My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.
Blake Grzybowski
Can't find Pre-Foreclosure Properties
15 December 2024 | 8 replies
There is a way for this to be done.But, this is not the legal posting newspaper.
Weronika Jedrak
Finding tenants for MTR
26 December 2024 | 27 replies
Most of our mid-term rentals are exclusively listed on Furnished Finder.
Ryan Sajdera
Is leasehold property a good idea?
20 December 2024 | 3 replies
Are there any IRS exclusions for long term land leases?
Maegan Quaife
To Sell Or Not To Sell
16 December 2024 | 1 reply
- Do I qualify for for a section 121 exclusion sense I lived on the property for the first 2 years of ownership?
Matt Wan
Getting a mortgage as a non-resident US citizen
23 December 2024 | 15 replies
Many borrowers file this form as an exclusion to their US federal taxes as they may have been taxed by the country where they are earning the income.Required Documentation for Foreign IncomeWhen it comes to processing foreign income for a loan, documents required may include:» Most recent personal tax returns» History of receipt» Proof of continuance of foreign income earnings» Conversion of the income from the foreign currency to US dollarsThese documents must be translated or completed in English so that a loan reviewer can properly evaluate the information provided.Fannie Mae & Freddie Mac GuidelinesIncome from Foreign SourceIncome from foreign sources must be reported on the borrower’s most recent U.S. individual federal income tax returns.