![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/153554/small_1621419807-avatar-michaelaatl.jpg?twic=v1/output=image&v=2)
27 April 2021 | 150 replies
Besides the small amount used in electronics, its next best usefulness is hanging it around your neck to look shiny..Bitcoin is different in that it is intangible.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/89265/small_1621416517-avatar-alewilliamson.jpg?twic=v1/output=image&v=2)
26 February 2018 | 34 replies
I can tell from home if the thermostat is at 30C and a window open ;-) On the units w/ electronic locks, there is no more driving to the property when someone locks themselves out {we actually had a tenant lock themselves out when they had no key ... they left their phone in their room}; no more meeting with service personnel to provide them with a key; no concern about rekeying locks between tenants.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/149461/small_1621419551-avatar-denverrooster.jpg?twic=v1/output=image&v=2)
18 February 2014 | 53 replies
Instead of being able to have direct access via listhub to the listing data, all they have to do is to pay a realtor with access to perform automated searches at a regular interval and get the electronic search results.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/107738/small_1621417375-avatar-resolveprop.jpg?twic=v1/output=image&v=2)
4 February 2014 | 8 replies
@Joseph C.Check your local ordinance and building code, as there is a possibility you are required to replace any which you expose.That aside, we always rewire for a few fundamental reasons:1) Knob-and-tube (K&T) is an ungrounded electrical system.2) Most K&T wiring was installed prior to WW2 when the home electronics comprised of a toaster, radio and a few light bulbs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/146902/small_1621419401-avatar-euroswiss.jpg?twic=v1/output=image&v=2)
9 February 2014 | 9 replies
If filed electronically to the IRS, then the due date for the 1096 and 1099 moves to March 31 (i.e. the second deadline); that is the second date that @Steven Hamilton II gave you - but the deadlines I just posted are straight from the IRS forms.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/50724/small_1621410972-avatar-ccarva1.jpg?twic=v1/output=image&v=2)
3 May 2014 | 8 replies
I'll add that I have made a couple of investments with RM and the process is quite straightforward and can all be done electronically.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/360935/small_1694787469-avatar-gran.jpg?twic=v1/output=image&v=2)
20 January 2018 | 8 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)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.)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/121570/small_1621417822-avatar-billyrogers.jpg?twic=v1/output=image&v=2)
1 July 2019 | 9 replies
Unfortunately this is an electronic process that once the tenant signed was automated from there.
10 August 2017 | 9 replies
Account ClosedTo learn more about the ROTH IRA transfer to a 401k restriction see the following:https://www.irs.gov/publications/p590a/ch02.html#en_US_2014_publink1000231050Following 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; andBoth are prohibited from investing in assets listed under I.R.C. 408(m)he 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 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.)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/94937/small_1621416762-avatar-dreambig2012.jpg?twic=v1/output=image&v=2)
13 January 2015 | 8 replies
I am looking at various online rent payment services in order to accept electronic rent payments from my tenants.