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Results (5,638+)
Bradley Pietrzak Is this illegal don't want to do the mistake that gives me handcu
10 January 2017 | 4 replies
it deals with creative financing I pay someone the down payment over pay pal or another electronic service.
Mike Murphy Wanting to invest with money from an IRA
22 January 2020 | 11 replies
The Self-Directed IRA and Solo 401k SimilaritiesBoth 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 (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 2017, the solo 401k contribution limit is $54,000, 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.)
Jonathan Jaime Velarde What is the ideal route to take to get RE license in CA?
10 July 2017 | 4 replies
As you know, I have my license here, so here's my opinion specifically for our state and our area.Getting your licence is easy and cheap across the board, it's everything else that's expensive - MLS access, membership dues, electronic key fees, E&O insurance, etc. will generally cost you a few thousand each year.As far as brokers go, this is a tough one.
John Ingram Few more LO questions
11 July 2017 | 0 replies
I suppose if we had to we could play the fax or electronic file game but getting it done sooner before they leave is preferred.Thanks BP you guys have been awesome help thus far I just hope I can give it back one day.
Matthew Graves Heat Pumps...PRO & CONS??
1 May 2018 | 16 replies
Every single electron is used to produce heat.But in the respect that really matters, which is $/BTU, it is the absolute worst, well behind natural gas, oil heat wood stoves and propane.We just installed a 10KW solar panel system on one of our barns and will be cash flow positive as soon as it's inspected and commissioned ( a week or two away).  
Benjamin Alesi Airbnb Advice for Single Family Home
21 July 2017 | 7 replies
It seems that the keypad electronic lock is the best way to go so I do not have to manage turning over the keys so much. 
Account Closed ​The Effects that Bitcoin Will Have on Homeowner Costs
27 July 2017 | 5 replies
Another example are smart contracts - These are electronic agreements that exist on a blockchain and allow users to create and execute contracts automatically.
Jaime P. Self Managing an out of star vacation property
11 September 2017 | 9 replies
We are putting an electronic keypad for front door, hiring our own cleaning crew and a person who will be on call for emergencies, repairs and maintenance and inspections before and after each rental.
Stephen Slawinski Changing to Section 8
22 July 2017 | 5 replies
I wish HUD would get into the 20th century and accept electronic signatures!
Hadley Benoit Newbie from Baldwin NY
4 August 2017 | 3 replies
I'm originally from Brooklyn, I ran my own retail electronics business for close to 25 years.