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Results (10,000+)
Gabe Viteri Househack: do you calculate the lack of a mortgage into your ROI?
12 March 2019 | 6 replies
@Gabe Viteri, may I know which institution you go with for your HELOC application?
Rupert Grant SDIRA vs Solo 401k which would you use and why?
27 December 2018 | 13 replies
@Rupert GrantFollowing 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 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.)
Derek Gibbs Finally closed on our first multi family building!
3 January 2019 | 62 replies
I am a syndicator and help other investors source financing (private and institutional) for deals. 
James Sea How do you keep your Operating funds? Savings account?
3 January 2019 | 1 reply
Any reason for picking one type or institution over another?
Toan Hoang What is a portfolio loan/ lender?
2 January 2020 | 11 replies
@Toan HoangA portfolio loan is a loan that the lending institution keeps on its books (in it's portfolio), rather then selling to Fannie Mae.
Kevin M. Tips on finding a RE Agent, moving across country, knowing nobody
3 January 2019 | 11 replies
Other designations to look for are ABR (Accredited Buyer Representative) CNE, (Certified Negotiation Expert), GRI (Graduate, REALTORS Institute).   
Account Closed Which indicator is better? Cash-on-Cash or IRR?
8 October 2019 | 15 replies
This is why it's so confusing to everyone.In my experience IRR investors are usually institutional with safer investment plays.
Khanh Tran Apply refinance on multiple properties at the same time
7 January 2019 | 5 replies
I've heard stories where someone opened a simple credit card prior to closing on their mortgage and it delayed the process.This may be different if you're using the same lending institution for both the HELOC and the refinance, just make sure if the loans are going through two different departments that everyone is on the same page.Best of luck! 
Joshua Mayo Fund & Grow Case Study 2019 (A detailed and in-depth analysis)
27 July 2021 | 63 replies
And fico is down the list at what my commercial banks look at for multi million dollar loans I get.. those are based on the 3 Cs  Character  Capacity Collateral   and of course experience and length of time with the institution.. now this is for my development and construction loans.. 
Craig Ts Funding / structuring large transaction for multi-family
6 January 2019 | 2 replies
@Craig Ts You can also add institutional money to fund larger deals