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10 February 2016 | 12 replies
Here is how the ROBS 401k structure works at a high level.A new C-corporation is established.Corporation sponsors a new 401k/PSP.The IRA/ former employer 401k funds are transferred to a new brokerage account opened for the 401k/PSP.The new Corporation issues stock shares to the 401k/PSP for the benefit of the 401k owner.The 401k participant must be an employee of the Corporation business and he or she may take a reasonable salary.To the extent that the corporation generates profits and elects to distribute those profits to the owners of the business, the percentage of the profits associated with the shares held in the 401k/PSP will flow back to the 401k/PSP brokerage account.
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4 March 2016 | 4 replies
If you elect to do this right, get the drywall down and THEN get pest control service while still open.
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11 February 2016 | 7 replies
First, the last president was arrested a couple years ago for fraud, she stole about $30k and was headed for Florida in the middle of the night, I guess the police had already been watching her and moved in.
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17 February 2016 | 11 replies
You will likely want an S-corp or LLC with S-corp election; otherwise you probably have to pay self-employment tax on your income.
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14 February 2016 | 6 replies
In other states, home/rent value going up means your property taxes also go up in proportion, so if it's not 2% on day one than it'll never be 2%, because rents going up 10% might mean prop taxes also go up 10% (or maybe it'll go up 15% because the elected tax assessor is anti-landlord, who knows).Here, people will often buy using 1% and just chill while Prop 13 does its magic.
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19 November 2017 | 176 replies
Happy President's Day!
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18 April 2016 | 179 replies
If your ROE is 10% and the other investments you are considering would give you a 7% ROI (yes ROI, because you are measuring the returns on the equity you would invest into a new investment); you would probably elect to keep your equity where it is.
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17 March 2016 | 25 replies
As a condition to the purchase, you can push the problem onto the seller with"upon COE, the property is to be delivered vacant"[a].You also can require the seller to disclose not only the rent roll . . . but the currency of each tenant[b].Upon receipt of the disclosures, you can elect to recant[a].
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5 February 2016 | 8 replies
Hi, long story short I setup my small real estate co in an LLC with the elected S-corp.
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7 February 2016 | 18 replies
Maximum additional paid up life insurance elected at policy issue.