Account Closed
If YOUR party looses-How will YOU react?
4 November 2008 | 84 replies
Tim, Do you mean buying precious metals to guard against inflation?
Sam Green
How long will it take for you to Retire?
2 October 2018 | 18 replies
Everything else is where the RISK is, Dirt will B worth more tomorrow...I'd wager my bottom dollar on it (& already have)Truly NOBODY "loses" on REAL Estate in the long haul, it just doesn't happen.U can't say that about anything else except precious metals 8)
Amy L.
Agritourism and Land Investing
19 April 2007 | 8 replies
The demand of restaurants for harvested, fresh herbs is huge and the local precious few local growers can't even begin to supply enough product for everyone.Anyway, eco-tourism, agri-tourism, micro-farming, CSA's, and organic growing are exploding right now and, in my opinion, they all go hand-in-hand.I'm currently looking for advice about selling our home and buying this new property in the following thread:http://forums.biggerpockets.com/viewtopic.php?
N/A N/A
Help on closing the deal.
1 December 2006 | 7 replies
They (and their agent) always think they've been taken to the cleaners but then they don't have to dump $40 or $50k into fixing up their precious asset.
Andrea Hewitt
Dealing with opinions of family and friends
13 April 2008 | 30 replies
Your dreams and goals are a precious commodity and exposing them to fear and negativity will not help you achieve them.I didn't use to talk to my family about what I was doing.
Mike Mitchell
Do you like your laptop?
22 March 2007 | 8 replies
If I don't use the external fan I bought, the thing will certainly burn a hole somewhere precious.
Kevin Schermerhorn
Newbie from Richland, Washington
17 June 2013 | 10 replies
I've wasted precious money on RE seminars, boot camps, online courses etc.
Daniel Nield
Dan's Adventures in Real Estate Marketing
27 October 2013 | 28 replies
I would think for the time involved you could free up some of your marketing time to take the important things-the calls and spending more time with that precious daughter!
Robert Pickles
Feedback on MidAtlantic IRA
22 September 2018 | 15 replies
@Kim BlattYou may want to look into a self-directed solo 401k plan if you are looking for ultimate control over your retirement funds.Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both 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;Both 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 2016, the solo 401k contribution limit is $53,000, 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.)
Christopher Gravillis
Good Florida Real Estate Attorney Any Ideas?
10 September 2007 | 1 reply
Maybe I'm just being a bit stingy but I thought I would get some advice/suggestions before handing over my oh so precious credit card details.