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5 October 2016 | 11 replies
Let's try this again...Brett Avelin here. LIve in Guilford, Ct, am looking to invest in New Haven CT if I can afford it. Also looking at Wilmington NC on a tip from a friend if New Haven is too pricey (Last BP Podca...
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30 September 2016 | 36 replies
They have a handful of properties around Seattle suburbs and I know for a fact that none of them are covered for earthquake (in fact they are ineligible for coverage due to age).
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11 November 2016 | 7 replies
., 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.)
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28 September 2016 | 4 replies
The biggest factor in the 1-5 year range is the age and condition of the building at the time of purchase.
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2 October 2016 | 6 replies
Try the court records, should by online by this day and age, and search case numbers sequentially.
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30 September 2016 | 5 replies
Go to where cash buyers work....at the courthouse steps buying at foreclosure auctions.If you see a guy bid on and/or buy more than one property,they are or work for cash buyers with lots of investment cash or lines of credit.Walk up to them after the auction and compliment them on their property purchases and offer to bring them more just like it before they get to the auctions.Ask for their criteria (sizes,locations,ages,numbers of bedrooms,condition,etc).Promise to follow up with them ASAP with a property they might like to inspect and purchase.Go to every courthouse you can get to in a few hours driving and you could easily create a list of 30 to 40 real professional cash buyers who act fact and know what they're doing to be profitable in this business.
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30 September 2016 | 3 replies
At my age I am only interested in Cash flow and not on appreciation plays.
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2 October 2016 | 4 replies
At my age I am only interested in Cash flow and not on appreciation plays.
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1 October 2016 | 18 replies
I've never gotten away with just cosmetics on the properties I've done in that age range.Couple other random comments:You won't be able to do a 1031 exchange as someone mentioned.How long are you planning to take - guessing your sale would hit the market during the unfavorable winter months?
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14 October 2016 | 8 replies
Wish I would have decided to do it when I was your age.