Gary Ennis
Laminate Countertop Installer in Austin - Need Recommendation
18 June 2015 | 4 replies
We're going for a retro 1950s look, and are planning to install Wilsonart laminate with a cool pattern, with metal edging.
Wade Sikkink
R-22 AC units on insurance claim
10 November 2016 | 8 replies
We are working on an insurance claim related to a hail storm that damaged the roof and the AC units.Our HVAC guy bid to replace the units with new R-410A units, which will require replacing the coils and lines also.
Chuck B.
How do you "harden" your rentals?
5 December 2021 | 380 replies
One thing i've been doing for our section 8 clients and on the buildings i'm in the process of purchasing is going metal door jams.
Arnie Guida
Water Heater Replacement PM
24 January 2018 | 16 replies
However after I was presented with a $1,100 estimate just to replace the heating coils, things changed a bit.Sometimes when taking apart an older water heater, things can go past the point of no return.
Sue K.
Investor friendly real estate agents Lake Co.,IL
3 June 2016 | 2 replies
I grew up in Waukegan and am thinking of buying and holding MFR there. Looking for an investor savy agent who can give me a good picture of the market.Thanks, Sue K.
Hunter Lisk
Cold Calling lists and new agent marketing suggestions
4 March 2021 | 7 replies
So I could say to mike, “hey I’m a realtor and interviewing local contractors, to teach homeowners. can I interview you on video, talk about your business and the advantages of metal roofs” he gets more business, I educate homeowners, build authority and attention, and hopefully when mike thinks of a realtor he’ll refer me because I brought him value.
Ashley Pittman
How to start out buying and holding?
31 July 2014 | 12 replies
@Ashley Pittman,Depending on the lender you work with you can have at least 4 mortgages in your name assuming you have met all the lender qualifications for income, debt ratio, credit score, etc.
Bridget D.
$5,500.00 REO Purchasing in Atlanta, Georgia from California
13 May 2011 | 22 replies
Like any other house that is left un-attended for more than 5 minutes in that SD, I'm sure the new owner had to replace everything that was made of metal and most likely had to replace the carpet to get rid of the meth-burns.If you choose to buy this house, you need to renovate it to section 8 standards only... and no more.
Nick J.
Agents, What Marketing is Working for You?
24 May 2011 | 2 replies
After all, for the time being, people are still physically going to houses, signing a contract with actual pen and paper, and getting metallic keys to their house when it closes.
Ken Scarbrough
Self directed 401k questions. PLEASE HELP!!
30 January 2018 | 3 replies
If you are not self-employed then an IRA can also be opened.Following 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; andBoth 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 2017, the solo 401k contribution limit is $54,000, 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.)