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4 July 2023 | 23 replies
All of that is factored into prior and current expenses.New metal roof, new water and pool heaters, new furniture and TV's, etc.
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29 June 2021 | 6 replies
I didn't shop around too much since Evergreen met all of my criteria and my realtor works primarily with investors, so his recommendation carried a lot of weight for me.
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11 September 2023 | 51 replies
Wow.However, even just an unheated "cowboy pool" (a small metal pool- usually round), is incredibly risky for owners- and mildly risky for tenants.
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10 July 2016 | 35 replies
My sister rents a 2 bd/ 1 ba on the same street and pays $1,425 (carpet, coil stove, older cabinets, water paid by landlord.)
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17 September 2016 | 12 replies
@Jim ChungGood question.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 ( 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.)
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9 May 2018 | 9 replies
There are three separate components involved in a cabinet drawer: tracks / slides, structural drawer box, and decorative front panel.My guess is, in the photo with red lines and dimensions, that the piece of metal with red line across it and the 23" dimension is the drawer track that was used with the original drawer.
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28 May 2018 | 11 replies
Most likely PVC with coupling will not work, then I will go back to copper.But if the copper is strapped to the framing in between and the coupling is caught and I can't tease it out, then I have a problem.As far as cutting CI, I used to use Lenox diamond blades, but last year I tried a newer blade by Diablo extreme thick metal carbide tipped blade, and was pleasantly surprised how well that worked.
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21 September 2019 | 4 replies
The metal shower would be a concern to me.
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25 June 2021 | 64 replies
They buy real estate, lend on real estate, buy into real estate syndications, buy discounted real estate notes, buy precious metals, etc.
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4 October 2012 | 6 replies
Scrap metal revenue was pretty high too.