![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/764056/small_1621496911-avatar-rupertg3.jpg?twic=v1/output=image&v=2)
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.)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1244808/small_1621510615-avatar-eugened20.jpg?twic=v1/output=image&v=2)
1 January 2019 | 0 replies
Metallic epoxy?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/742634/small_1660459898-avatar-josueivp.jpg?twic=v1/output=image&v=2)
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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/667072/small_1694937443-avatar-terib2.jpg?twic=v1/output=image&v=2)
14 January 2019 | 9 replies
Also, just noticed that the metal handrail fell off and tenant didn't mention!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/878226/small_1621504853-avatar-blainea2.jpg?twic=v1/output=image&v=2)
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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1124879/small_1621509265-avatar-jtroberts0.jpg?twic=v1/output=image&v=2)
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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1052560/small_1621508132-avatar-dustind46.jpg?twic=v1/output=image&v=2)
30 August 2018 | 4 replies
Its metal so they will rust out eventually.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/132047/small_1621418413-avatar-yuvarajvima.jpg?twic=v1/output=image&v=2)
6 September 2018 | 48 replies
My HVAC guy came back and finished the sheet metal, and set the a coil ect.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/808114/small_1621498108-avatar-luzp2.jpg?twic=v1/output=image&v=2)
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.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/832698/small_1621504156-avatar-sheilaa9.jpg?twic=v1/output=image&v=2)
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.