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Results (5,854+)
Nadine Hylton Real Estate Investing vs 401K (et al)
22 March 2017 | 13 replies
If you are not pleased with the returns you are getting in a stock market (I can't blame you for that) then you can convert your IRA into self-directed, and then you will be able to invest those funds into alternative investments such as real estate, tax liens, trust deeds, precious metals, you can use your IRA as a bank and become a private lender, etc. etc.
Virginia Jones Electrical and roofing question
27 December 2016 | 2 replies
I'm assuming 2 prong.If they are 2 prog and they used metal boxes and metal shielding cabling, 3 prog outlets can be installed and the grounding wire connected to the metal box.
Ashley Sanchez Need your 'two cents'! How far in advance to get 'pre approved'?
13 October 2016 | 29 replies
To answer your question directly your pre-approval letter is generally only good for 90 days so even if you did qualify you would have that window where you would have to hunt for the perfect property that met all your criteria, and honestly in our market right now for a multi you have a varying chance of getting your offer accepted because you will most likely be competing with other cash offers (Especially in the West End area right now, a lot of Beltline speculative investors).
John Buzzard Self directed ira
10 October 2016 | 8 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.)
Matthew Hitchcock Exterior paint for newly acquired brick building.
6 December 2017 | 7 replies
I'm sure there are other options but I saw a couple pics online and really thought it would make us stand out. it currently has an old fabric awning that we will be replacing with metal that will dress up the front for sure.
Rebecca Schneider using IRA money to invest in LLC
26 February 2017 | 3 replies
Following are the similarities and differences between the solo 401k and the self-directed IRA.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;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business. 
Michael Stole Is this mold?
28 August 2013 | 6 replies
While there may be some semblance of biological contamination on the surfaces you photographed, the concrete and metal surfaces won't normally provide the organic materials necessary for mold growth to occur.
Ben Hughes Advice on Evicting in Texas
18 September 2013 | 23 replies
* Freezer - Let's say you have a freezer which has been scraped and has punctured coils
Hugh Ayles Check your house thoroughly before buying
30 June 2015 | 0 replies
The house had settled even more after the door was installed causing the metal door to bow.  
Bret Emry How much should I offer and not be insulting
31 July 2015 | 3 replies
A few details: 80’ wide lot, newer furnace, metal roof, collapsed out-building on the property that needs to be removed, needs electrical panel replaced (which I can do, assuming local code allows me to), needs siding or paint.