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1 November 2018 | 6 replies
It will also limit your access to financing and may increase some other administrative chores.Using LLC is an excellent tool for asset protection.
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5 November 2018 | 8 replies
Anyway, several administrative things you can do (no particular order):Send appraiser before pics Provide rehab list of work doneRun your own comps and let the appraiser know where you think the value should beBe present for appraisal and show work doneGet house professionally cleaned (someone who does this for a living, not tenants).
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6 November 2018 | 11 replies
The benefits of the SOLO401K are the much higher contribution limits, and the fact that you can be your own 'administrator' (not sure if that is the correct term) and that IF you want to borrow non-recourse money there is next to no paperwork, or tax, involved compared to the SDIRA.
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13 November 2018 | 7 replies
Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe.
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13 November 2018 | 4 replies
HUD pushes the administration of the vouchers down to the city level, so people are stuck in the one city unless they port.
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18 November 2018 | 10 replies
@Darius TracyPlan Administrator of the TSP has list of investment options available for that plan, and it is always confined to the stock market, they would not allow alternative investment options such as real estate.
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14 November 2018 | 1 reply
Origination/administration fee 6% due when the clients receives the money and the interest (usually 4-7%) can be deferred until repayment.
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21 November 2018 | 71 replies
If that beneficiary has died, then the executor or administrator (no will) of that beneficiary’s estate can became the Administrator CTA of the deceased’s estate.
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20 November 2018 | 25 replies
Too many people get stuck up on building lists and doing the administrative things.
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23 November 2018 | 3 replies
Has anyone taken advantage of the services offered by the Small Business Association? If so, what has helped you?