
1 February 2016 | 6 replies
Also being on BiggerPockets you have a great resource to electronically connect with other investors in your area.

29 January 2016 | 3 replies
Also, the underwriters insisted that we close our oldest and largest credit card, and wanted to see all of the electronic documentation for that.

15 November 2017 | 9 replies
I toyed with the idea of setting up cameras, and an electronic front door lock, where you could give them the 4 digit code.

3 April 2023 | 10 replies
They were not able to provide me the list in electronic form only a paper copy (a few hundred pages) and it cost me $150 (you can look up the owners on county website).

19 September 2017 | 62 replies
I don't have a favorite for credit/background checks - I've used Cozy.co, a real estate broker friend, MySmartMove.com, and some other sites I don't remember ... this is something I've always struggled with finding a simple, consistent, bulletproof process that doesn't involve the tenant having to do anything (or anything more than just simply signing a paper or clicking a single button).Electronic rent payments through Quickbooks Online invoices.

9 January 2022 | 15 replies
I definitely pre-screen electronically or via phone before showing the place.

26 July 2016 | 14 replies
@Tony Castronovo The reason I will do my application and credit/background check with Cozy is that I want my tenants to be comfortable with the site so they hopefully elect to do electronic payments through them as well.
19 January 2015 | 8 replies
We now want a proof of funds from the bank, and a electronic wire to the escrow company is now wanted.

12 January 2016 | 7 replies
@Bill Mcdonald Here are some of the similarities and differences between a self-directed IRA and a self-directed solo 401k: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 bankruptcy creditors;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be directly invested in your own business startup 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 outside the LLC;The solo 401k allows for personal loan known as a solo 401k plan If you borrow from your own IRA, it will be deemed a taxable distribution;Unlike an IRA, a Solo 401k can invest in life insurance;The solo 401k allow for high contribution amounts (for 2015; 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 his or her solo 401k;The self-directed IRA participant/owner may not serve as trustee or custodian of his or her IRA; instead, a trust company or bank institution is required;Unlike an IRA, generally 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, generally 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--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 401k RMD requirement;Roth IRA funds are not subject to requirement minimum distributions (RMDs);The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498;The fair market value of assets held in a solo 401k are reported on Form 5500-EZ;At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; andAt termination, the self-directed IRA is only required to file a form 1099-R.

6 October 2015 | 2 replies
We received a "Notice of Electronic filing procedure" yesterday from the US Bankruptcy Court.