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Results (5,838+)
Paul Staszel Using 401K to buy rental!
21 July 2017 | 13 replies
You can also invest in precious metals, private businesses, etc. etc. etc.
Jeremy Salerno How can I best optimize the utilities in my two-family (MA, USA)
28 May 2022 | 0 replies
Ductwork looks average, it's that soft padded stuff, not the hard aluminum metal looking stuff.
Frank Dai Tutorial for buying at foreclosure auctions
12 October 2020 | 30 replies
. - Get a crew of good rehabbers / maintenance people together, someone who is good at like everything. instead of buying new AC units, I have found that generally you can clean the coils and repair a piece that is broken.
James Sloan Buying vs. Building
11 February 2023 | 56 replies
Custom siding, metal roofing, multiple fireplaces, larger kitchen with more appliances and such.
Kranti K. Are these support beams necessary?
25 October 2016 | 19 replies
Hello Everyone,  We are looking to close a multi unit in Chicago and our inspector showed a picture of these two metal beams on the roof.
Mitchlyn D. Mobile Home Purchase Question
2 June 2017 | 7 replies
When the lake started to recede and the salt water level intensified until it killed off all the sea life and slowly ate away at paint, metal, wood or anything else in its way, the Great Salten Sea became an abandoned ghost town and refuge for motorcycle gangs, drug runners, illegal's and just about any/all undesirables that could survive there. 
Ben C. Commercial Building Wood Vs Concrete. Help needed!
20 July 2017 | 5 replies
Concrete doesn't fly or float, use metal decks. 
Michael Meeks Amazing buy in downtown Mobile, Al - Strategies welcome
10 October 2019 | 7 replies
(Great Contract another story)The property includes 4 addresses, with a 2 story historic home approximately 3500 sf, a 2nd home approximately 1700sf, a commercial building approximately 2000 sf, a large metal building in the back, and another storage building in the back, easily another 1000 sf., and all of its contents. 
Heather Mills IRA for real estate investing
9 November 2016 | 3 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 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 (Checkbook IRA) 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.)
Michael Taylor Creative Ways to Generate Down Payment
1 February 2014 | 3 replies
Second jobRecycle metals Ask friends if you can "clean up junk they don't want" for a fee & recycle / sell what you canFind stuff for free and sell on eBay, I found a local co that gave me scrap graphite and I sold it to glass blowers...