Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (5,816+)
Joshua Feit Rooming house investing // jitters
27 September 2017 | 8 replies
I don't know electricity rates in your area, but I think for 8 adults with their own electronics plugged in, $200 would be more realistic.Sounds like a good deal though!
Rachel Luoto 401k vs REI: time for a change?
25 June 2016 | 13 replies
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;Both are prohibited from investing in assets listed under I.R.C. 408(m); andThe 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 2015; 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.)
Mark Welp Collecting Rent on Section 8 Tenants
22 August 2016 | 5 replies
Some Section 8 might not have internet or computers, so electronic rent pay may not work for them.  
Ramsey Blankenship BRRRR In Panama City multi-family HUGE success!!
23 August 2017 | 15 replies
Unit 3 had a hoarder who was peddling used bike parts and dumpster dove electronics from his back yard.The tenants in Unit 4 were dealing drugs to the tenant in Unit 1.
David Stott Doug Hirt in Rochester NY
11 December 2021 | 5 replies
Hello all in Rochester, NY who are interested in getting justice in the form of prosecution of Doug Hirt.The Asst.
Kevin Huang Would you accept this tenant?
2 August 2015 | 10 replies
Receive electronic payments online through your property management site or if he needs to pay cash, sign up for: http://paynearme.com/.
Paul Thompson Property Management in Central Arkansas
22 May 2017 | 12 replies
I sign all lease and repair request electronically.
Baron Hicklin Parcel Numbers for Property
16 August 2015 | 3 replies
The tax map is public information which would either be available electronically (PDF online) or in the municipalities (tax assessor, town clerk).From there, you can find your parcel of interest and the affiliated parcel number.Here's an example of what the tax map will look like with street numbers and parcel numbers.
Michele F. Let Renter Assign/Sublet/?
11 January 2016 | 10 replies
I know you live far away, but lease signing, background check, and credit reports can all be done electronically now and you should be just fine.Please let me know if you have any more questions!
Charlie Gruber Tools for electronic rent collection?
28 October 2016 | 33 replies
If you have to have electronic payment, just set up another account at your bank and give your tenant the number so they can do bill pay.