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Results (5,376+)
Rupert Grant SDIRA vs Solo 401k which would you use and why?
27 December 2018 | 13 replies
@Rupert GrantFollowing 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 (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 2018, the solo 401k contribution limit is $55,000, 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.)
Josue Vargas Self-directed IRA in RE investment and mortgage notes. Benefits?
13 January 2019 | 14 replies
Then you have the freedom to invest into virtually any asset: real estate, mortgage notes, precious metals, multi-family syndication, note funds, private lending, etc. etc. 
Teri B. City Owned Steps but Private Repair?
14 January 2019 | 9 replies
Also, just noticed that the metal handrail fell off and tenant didn't mention! 
Blaine Alger Shipping container tiny homes
27 November 2018 | 11 replies
It then takes 6 months detailing out the plumbing, electrical, hvac, interior walls and finish, cabinets, fixtures, flooring, paint etc.The metal shell is a hindrance unless you really want to tow it around ...alot, as even some trailer rv's use wood framing.
Jonathan Roberts Asphalt or metal roof
4 September 2018 | 3 replies
This property will be a buy-and-hold which begs the question of whether I go with a bit more expensive metal roof or asphalt shingles.
Dustin Darnall Galvanized water lines a deal breaker in mobile home park?
30 August 2018 | 4 replies
Its metal so they will rust out eventually.
Yuvaraj Vimawala How to handle emergency situations with tenants (AC issues)
6 September 2018 | 48 replies
My HVAC guy came back and finished the sheet metal, and set the a coil ect.
Luz Pagan What insurances are important to have in the Real Estate Business
31 August 2018 | 2 replies
@Luz PaganWorkers Compensation protects you from bodily injury claims from employees, independent contractors or anyone else who is working on your project. 
Skye Anderson Have you ever heard of the utility meter being stolen?
3 September 2018 | 59 replies
@Skye Anderson If it has any metal at all it magically grows legs and walks off while the house is vacant.