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Results (3,043+)
Bobby Henderson Looking for Investors Group Near Aiken SC
25 October 2022 | 3 replies
If there aren't any in Aiken you may want to check across the border in Augusta.
Hunter McCook Augusta Ga looking to network
14 June 2023 | 7 replies
I love the Augusta RE market.
Michael Bowmen Investor from Georgia
1 October 2016 | 6 replies
Anywhere near Augusta?
Scott G New Member from Denver/Boulder CO area
24 August 2012 | 13 replies
Right now I'd really like to just start learning all I can in my (very precious) free time while my children are young.
Devin Aikens Would Love To Conenct!
4 December 2023 | 2 replies
Hey guys, Would love to connect with wholesalers in GA area, more so in ATL and Augusta area, but not necessary.
Eduardo Sagues LTV to Refinance a rental property
3 December 2023 | 7 replies
The plan is to buy a property, remodel it and do short-term or mid term rentals in Augusta, GA.
Shawn Holsapple Sense Financial
30 August 2022 | 22 replies
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; andBoth 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 (Checkbook IRA) 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.)
Alex Ng Investing in Augusta GA
8 December 2023 | 2 replies
I've been thinking about investing in Augusta GA.
Clinton Fain How to Buy Properties in a Portfolio
8 December 2023 | 2 replies
Good Morning All,I live in Augusta, GA....
AJ Wong Interest only loans are the new black for investing in STR vacation rentals
16 July 2023 | 3 replies
Well you could, but it would get weird..There is intangible real value to real estate, and if location really does mean anything, I'm unfamiliar with something more precious and valuable for the foreseeable future than oceanfront real estate that one can use, as they wish, with 10% down.