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Results (2,651+)
Leonardo Roman Trying to Buy First Property this year
15 January 2017 | 2 replies
Is going after a property that is undervalued and need some rehab the way to go even though now the total amount of money needed will go up  or getting a property at market value that is ready for tenants to move in or possibly have rollover tenants already the better way to go.
Bradley Shive Self Directed IRA's - anyone have experience?
30 September 2016 | 20 replies
Any sweat equity work like repairs has to be done by a non disqualified party; therefore, you cannot do repairs on real estate owned by her IRA.The lenders listed on the following link will loan to an IRA or a solo 401k. https://www.biggerpockets.com/blogs/3441/51027-nonrecourse-loan-debt-for-self-directed-solo-401k-investment  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 (self-directed 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.)
Teresa Hubbard Investing with funds from a 401K
8 September 2016 | 4 replies
There can be no direct or indirect benefit to your husband or a business he controls.There is a program referred to as a Rollover as Business Startup that does allow you to take existing tax-deferred retirement funds and use that to capitalize a business that you are directly involved in.  
William R. Matthews IV 401k rollover to self directed 401k or IRA to purchase...
28 April 2017 | 8 replies
The IRA component of a self-directed plan is the same as any other IRA when it comes to administrative issues like contributions, distributions, rollovers, beneficiaries, etc.  
Nick J. Another Sub2 success!!
29 September 2009 | 41 replies
To create more wealth rollover all your IRA $ into a Solo 401K and use those monies to make the deal Tax Free.
James Ward Hold Time
3 August 2010 | 8 replies
Don't call between 10 and 10: 30, 12:00 to 1:00 or 3 to 3:30, they are in the lunch room with their phone on roll over!
Shane Malloy Self Directed IRA for First Rental Property
2 February 2018 | 8 replies
I have a pretty substantial amount of savings in a rollover 401K.  
Mark Stone washer and dryer hookup question
8 February 2018 | 2 replies
I have a triplexnone of the units have washer/dryer hookupsgot 1st quote to install hookupswould be right where the refrigerator currently iswould vent dryer to atticthen i would put fridge on other wall (wouldnt look bad there)cost $1500 (plus washer/dryer price)other option would be putting in a portable washer you roll over to sink and connect tosuch as this:https://www.amazon.com/gp/product/B002UYSHMM/ref=o...However, do all the portable dryers needed to be vented to outside?
Account Closed Escaping a self directed investment account
19 June 2015 | 8 replies
Account ClosedA rollover as business startup structure would allow you to create a real estate development company and capitalize that business using tax-deferred retirement funds without taxes or penalties.  
Dustin Beam Banker made a mistake, not liking the results
20 March 2016 | 22 replies
At the end of 5 years, if you have been making your payments, lenders essentially offer you to roll over to a new 5 year term with however long is left in your amortization, but at prevailing market rates.