My brother in law got me interested in real estate this past January after he read (drum roll please!)............

Also ask for the rent roll (current tenants, rent amount) and copy of the leases so you know for instance the commercial tenant on the ground floor isn't leaving soon etc...

There have been 3 major developments (easily 100+ units each) that have gone up over the last 2-3 years with more phases rolling out soon.  

I am a local investor and I work with a large group investors in the valley and always like helping new investors get the ball rolling.

It seems like this would be an opportunity to roll some of the funds to a ROTH and then I never have to worry about paying tax on those funds again.

I am a local investor and work with a large group of investors always looking to help new investors get rolling.

I have the place under contract for $270k and estimate rent roll to be $3500 per month.

Thank you Julie Chenery I will defiantly check that website out.Tim Priebe thank you for the link i will have to check it out.Jim Bowser I defiantly will meet with an attorney and my accountant before I start at this time I am trying to get my marketing strategies lined up and I want to make sure all the names are owned by me so that once I finalize the direction and specific purpose of the company I can roll it all out and I will not have to worry about names not matching.

financials, rent roll, tax returns....Thanks,Mary

., 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.)