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7 March 2017 | 9 replies
A lot of people also like incorporating in Wyoming for this reason, because Wyoming doesn’t track who owns the company, just the directors.
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7 June 2023 | 2 replies
@Ira BloomfieldThe IRS prohibits any direct or indirect transactions or benefit between an IRA/Solo 401(k) and a disqualified person.You are a disqualified person to your Solo 401(k).If your Solo 401(k) is being used to salvage a transaction that you have engaged in personally, could the IRS not view that as an indirect benefit?
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25 April 2019 | 10 replies
There can be no direct or indirect transactions or provision of benefit between a plan and a disqualified person (you, spouse, lineal family, entities owned by such).A violation of these self-dealing rules will void the IRA and create significant tax penalties.
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15 November 2022 | 37 replies
You just need a system (like Rentec Direct) or others to help you be efficient.
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10 June 2023 | 7 replies
Put your questions in writing, sent Certified Mail Return Receipt Requested, to the Board of Directors at the proper point of contact for the Association.
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20 April 2023 | 90 replies
Not MLS data sheets.Training – Direct or indirect.A complete solution – Property selection, validation, renovation, and property management.Trusted advisors, not salespeople.A track record of success working with investors, NOT residential or “investor friendly” realtors.If you or anyone would like to know how to find and qualify a local investment team, DM me.
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1 June 2023 | 2 replies
You need to realize there are 2 hurdles1 and finding who owns title2 more then likely an entity owns title.. unless its clear who owns it like for example ABC developments you can always Google and find some number to contact but when you run into 123 Ontario Inc.. you need to pay another fee to find the directors and likely you will get a PO Box as a mailing address so..
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31 May 2023 | 6 replies
Authorization for this would likely have to come from a director of the fund, and good luck getting them to sign off on selling your $200k mortgage at a discount to face.Good thoughts, but nearly impossible now a days!
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9 June 2023 | 9 replies
Initially I got into real estate because I had reached my ceiling at my BMW dealership as a business development center caller, sales guy, and ultimately a finance director.
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12 June 2023 | 2 replies
Your IRA cannot lend in a way that provides a direct or indirect benefit to you or close family.There are a lot of forum posts here on BP on the topic, and you will see several of the firms that are active and supporting the BP community involved.