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3 December 2017 | 78 replies
But this only works if you buy properties in a location with a high probability of appreciation and your selection met all or most of the long term factors I listed earlier in this article.
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24 January 2020 | 7 replies
Purchase price: $20,000 Cash invested: $34,000 This duplex had a fire in the rear of the upstairs unit, but it had a metal roof, and separate utilities for both units.
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8 July 2017 | 7 replies
It had metal shutters!
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18 July 2017 | 17 replies
In my area, we've had a couple of very severe nit pickers (one got rejected for peeling paint on a metal clothes line) and others frankly give anything the thumbs up.
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15 July 2017 | 5 replies
@Zac BoyerFollowing 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 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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30 November 2020 | 1 reply
Personal Liability: For claims due to Bodily Injury or Property Damage that you becomeLiable for and which is covered under the policy.
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11 August 2021 | 0 replies
I have 2 great light industrial properties down the road from a new Carvana warehouse that are both zoned light industrial with large metal warehouses, one having a 2 bed 1 bath home attached.
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27 September 2023 | 111 replies
I don't know about numbers 10 and 17, but numbers 8, 15, and 22 are true and I've seen the evidence.For example poison in water - in many municipal water supplies in major ciites, the water contains high amounts of toxic metals and flouride.
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30 October 2013 | 20 replies
taking a drawer with you when you look at colors is a great idea.Also, check out the faux metal backsplash stuff they have a Lowes/Home Depot these days- 20'x20' squares of this plastic stuff, easy to install (glue it on) and really looks nice.
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26 January 2011 | 23 replies
You may be able to throw up an inexpensive metal building that could be leased for storage, construction, work shop.Is their much traffic?