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Results (5,385+)
Victor B. Las Vegas
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.
Kevin Porter Northern Wisconsin duplex for $20,000.
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.
Rosy Bruno VA vs FHA vs 203k - What would you advise?
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.
Zac Boyer USING SEP IRA for a rental purchase
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.)
Mike Holt Things to set up before closing on first rental property?
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.
Christopher Walling Selling Commercial - Light Industrial
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.
Darius Parsia The future of RE investing - 5 and 10 year outlook
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.
Sean Kuhn Help with colors/updating kitchen
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.
Chris L. Creative ideas for 7 Acre commercial land in Dayton Ohio
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?