Veronica Gordon
Saving time with tenants
9 September 2023 | 13 replies
This reduces rent collection to as little as 5 minutes a month per propertyElectronic Rolodex - I have an electronic Rolodex to keep a running list of vetted and good contractors.
Eve Mahoney
erentpayment: Anyone use this? Or a similar service?
21 October 2017 | 6 replies
I'm looking for a way to collect rent electronically for one unit.
Megan Hirlehey
Using TSP to Fund an Investment Property
2 December 2016 | 8 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 (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 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.)
Landon Crigler
What system do you use to collect rents on line and pay owners ?
2 June 2017 | 10 replies
So for $58 / 36 Roommates, that boils down to $1.61 per payments.The Interface is basic but good.I would really urge Landlords to use some form of electronic payments.My preference is to use a program like Rentalutions in order to put the onus on the Tenant to pay their rent.
Chris Speights
Contract/Form Software
26 April 2016 | 20 replies
The best part is if you have an electronic fax, you can autofax it as well.
Brandon E
What are you other than a real estate investor?
27 July 2011 | 105 replies
During completion of my Associates in electronic engineering I took a job at the local power plant.
Scott J.
Cat poop behind rental
23 August 2011 | 7 replies
Here's the good device. http://www.amazon.com/Contech-Electronics-CRO101-Scarecrow-Motion-Activated/dp/B000071NUS/You can also try natural oils, or they sell premixed sprays. http://naturalhealthezine.com/how-to-make-your-own-natural-cat-repellent/
Gary Parker
Rehabbing My Marketing
23 September 2011 | 20 replies
PACER = Public Access To Court Electronic RecordsI am hoping you can still give me advice if I have to pull the data manually.
Mike Nelson
Where to go for a mailing list????
2 June 2014 | 17 replies
Based on your comments, I did a quick search of my county's appraisal district and found in their FAQ's:Q: Can I get appraisal roll information as electronic data?
Antonio Bodley
Fastest way to make money immediately
22 December 2015 | 102 replies
Electronics, computers and cell phones.