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Results (1,235)
Eli Kallison California Tax Sale: Deed of Trust with Assignment of Rents
31 May 2024 | 3 replies
(f) Unpaid assessments under the Improvement Bond Act of 1915 (Division 10 (commencing with Section 8500) of the Streets and Highways Code) that are not satisfied as a result of the sale proceeds being applied pursuant to Chapter 1.3 (commencing with Section 4671) of Part 8, or that are being collected through a foreclosure action pursuant to Part 14 (commencing with Section 8830) of Division 10 of the Streets and Highways Code.
Juan Hernandez Taking Over Management
31 May 2024 | 11 replies
It indicates that a 30 day written notice must be given (as most have eluded in this thread) 3 months after commencement of original agreement.
Jalen DeVine Letter of Intent to Purchase Template
29 May 2024 | 3 replies
The Earnest Money shall be refundable under the terms to be specified in the PSA.Due Diligence PeriodThe Buyer shall be afforded a due diligence period of [Number] days commencing upon the full execution of the PSA (the "Due Diligence Period").
David Chwaszczewski Setting up a eQRP vs. SDIRA
21 May 2024 | 138 replies
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.)
Angie Guifarro Should I buy an investment property or personal residence first?
15 May 2024 | 12 replies
It is worth mentioning that my journey into real estate commenced without any formal education in the field; rather, I relied predominantly on extensive research and avidly consumed the invaluable insights shared through the Biggerpockets podcast.With each venture, my interest in real estate investment continues to grow, fostering a profound desire to acquire more properties.
Michael Sand Buying property "subject to" vs. Adding someone to the mortgage/deed
11 May 2024 | 8 replies
Once a foreclosure is commenced the borrower's credit is severely damaged.
Jamal L. Ideas on a rebuttal to the following terms
2 May 2024 | 4 replies
.- Lease commencement date is to be the 6/1/24 or when the landlord's work is complete. and we traditionally have penalties in place if the LL's work takes too long and pushes us past our initial timeline.- then we typically have "rent commencement" or when you start paying rent, to be the earlier of either 180 days following lease commencement or when you are open for business.  
Erik T Reid I am still considering my self as a newbie,
1 May 2024 | 2 replies
My primary goal is to discover the most effective advice on how to commence with limited resources.
Tristian Compton Rental Arbitrage Inquiry - Alaska Market
1 May 2024 | 5 replies
Therefore, I am reaching out to this community in the hopes of receiving some valuable pointers and guidance on where to commence this venture.If there is anyone among us who possesses insights or experiences related to running an Air BNB Arbitrage business in Alaska, I would greatly appreciate your mentorship.
Mike Schorah Is your listing process a 2 step approach or a 1 step approach?
30 April 2024 | 1 reply
.- Property Condition: I will sign paperwork if someone is ready BUT I make it clear that marketing will not commence until the property is walkable, cleaned/tidied up, and presentable.