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13 October 2020 | 7 replies
I like some of these deals and want to participate.
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22 December 2020 | 17 replies
@Richard Weinberg1) If you have a Solo 401k that supports a 401k participant loan you can simply take a 401k participant loan up to 50% of the balance not to exceed $50,000.2) The notion of loaning funds from your self-directed IRA to someone else (and vice verse) could easily be challenged as a step transaction where the step of loaning to someone else would be ignored and the transaction would be analyzed as a loan from your IRA to yourself which is prohibited.
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30 October 2020 | 16 replies
No broker involvement, a note from an attorney who should have been disbarred, and totally usurious.In addition to running a fund or obtaining a LOC, there’s hypothecation (loan secured by a loan), fractionalization (multi-beneficiary loans), participation, and simply selling your loans in whole or in pieces (partials).
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26 October 2020 | 19 replies
@Seth Hochberg1) Here are the general considerations regarding 401k loans.401k Participant LoansIf your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.
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17 October 2020 | 25 replies
You may get laughed out of the room, or you may get a willing participant helping you figure out a way to make it work.
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20 October 2020 | 2 replies
@Sarah Vandyke-I'd recommend you start attending the local meetings-Listen to the BP podcasts and read the books they recommend at the end-Participate and be active in teh forums-Ask specific questions about the market to local investors
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27 October 2020 | 5 replies
So you may be able to save more money for retirement, but not get the deduction.https://www.irs.gov/retirement-plans/plan-participant-employee/2020-ira-contribution-and-deduction-limits-effect-of-modified-agi-on-deductible-contributions-if-you-are-covered-by-a-retirement-plan-at-work
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20 October 2020 | 16 replies
It’s just the S Corp requires you pay owners/shareholders who materially participate a reasonable salary.
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22 October 2020 | 3 replies
An advantage of turnkey is that it allows investors to participate in markets outside of their own.
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30 October 2020 | 0 replies
The program provides participants with world-class training & a continuous learning environment.