Brendan August
CARES Act 401k Loans
22 December 2020 | 17 replies
If the full distribution amount is recontributed to the IRA before your 2020 tax return deadline (including timely filed extension) then not taxes will be owed (although you will still need to work with your tax advisor to report the distribution on your 1040 but you will report the taxable amount as zero - similar to reporting an indirect 60-day rollover).2) Keep in mind that in order to take a distribution under the CARES Act you must have been impacted by the virus in one of the enumerated ways & your current account provider must allow you to take a CARES Act distribution.
Frank S.
Investing with a lot of equity.
25 October 2020 | 8 replies
To recap, by investing in REITs today, you can indirectly buy property at a discount (sometimes as high as 50%) and get a very high income while having your money passively managed by the best real estate investors out there.
Tech Cheng
Cares act distribution vs SDIRA
26 October 2020 | 10 replies
If the full distribution amount is recontributed to the IRA before your 2020 tax return deadline (including timely filed extension) then not taxes will be owed (although you will still need to work with your tax advisor to report the distribution on your 1040 but you will report the taxable amount as zero - similar to reporting an indirect 60-day rollover).2) Keep in mind that in order to take a distribution under the CARES Act you must have been impacted by the virus in one of the enumerated ways & your current account provider must allow you to take a CARES Act distribution.
Adam E.
Investment Partnership Structure other than LLC
17 October 2020 | 2 replies
I'm less concerned with specifics by state at the moment also and more interested in hearing what others are doing that might directly or indirectly apply.
Franco Epifania
Rental LLC vs umbrella insurance ?
23 October 2020 | 10 replies
Its not quite an either/or situation....option #1: landlord insurance and umbrella policyoption #2: LLC with landlord insurance (potential commercial) and you may want an umbrella policy.Option #2 should provide more asset protection, but you'll have all the direct and indirect costs with going that route.
Anthony Middleton
Issues with Appraiser
20 August 2021 | 5 replies
The lender or your agent should be in direct contact with the appraiser.
Devante Cameron
How to take my real estate learning to the next level
20 September 2021 | 18 replies
Also does it seem like a lot of the people are directly or indirectly pitching something or soliciting money for their next project on the podcast?
Charles Mcdonald
Real Estate Salesperson license for personal use?
28 September 2021 | 10 replies
Even with discounted commission I would whether direct or indirect be paying $35,500 to $60,500 up and beyond what it costs me to get self-licensed after 10 years of not doing any transactions besides this upcoming sell and buy.Negotiations on price: An agent won't make up for the commission in this in my particular market.
Ari Newman
The (proposed) Death of your SDIRA
31 October 2021 | 16 replies
—Subsection (a) of section 408, as21 amended by the preceding provisions of this Act, is amend22 ed by adding at the end the following new paragraph:23 ‘‘(8) No part of the trust funds will be invested24 in a corporation, partnership or other unincor25 porated enterprise, or trust or estate if—Pg. 6941 ‘‘(A) in the case of an entity with respect2 to which interests described in clause (i), (ii), or3 (iii) are not readily tradable on an securities4 market, 10 percent or more of—5 ‘‘(i) the combined voting power of all6 classes of stock entitled to vote or the total7 value of shares of all classes of stock of8 such corporation,9 ‘‘(ii) the capital interest or profits in10 terest of such partnership or enterprise, or11 ‘‘(iii) the beneficial interest of such12 trust or estate,13 is owned (directly or indirectly) or held by the14 individual on whose behalf the trust is main15 tained, or16 ‘‘(B) the individual on whose behalf the17 trust is maintained is an officer or director (or18 an individual having powers or responsibilities19 similar to officers or directors) of such corpora20 tion, partnership, or other unincorporated en21 terprise.22 For purposes of subparagraph (A), the constructive23 ownership rules of paragraphs (4) and (5) of section24 4975(e) shall apply, and any asset or interest heldPage 6951 by the trust shall be treated as held by the indi2 vidual described in such subparagraph.’’.
Jerry Hazer
Fixed rate mortgage really fixed no matter what inflation?
22 November 2021 | 2 replies
- Are there any “tricks” they can play to raise payments indirectly, for example: Is the escrow mandatory for the life of the loan, and if yes, can they somehow manipulate that to increase the payments they can benefit from?