Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (9,292+)
Rahnesha White Quick claim deed- voids lender/owner title insurance?? Due on sale??
28 January 2024 | 14 replies
As I wrote above, conveying title to the land is not prohibited by a title policy, whether the Grantee will be an Insured under the existing policy depends on if it meets the policy definition of Insured.
Collin Hays Any STR experiences in Lake Placid NY?
27 January 2024 | 8 replies
., a quick search came up with this - https://www.adirondackdailyenterprise.com/news/local-news/20...The law will prohibit the issuance of new unhosted STR permits in residential neighborhoods, among other new measures that elected officials say are intended to preserve the Lake Placid community while still inviting the economic benefits STRs bring to this village...So that probably means that commercial zoning and the like will be the only way to do it now.The article said there would be a 5% tax on STR as well, so that means it is still doable, just have to watch where it is located.
Josh Malgieri Chattanooga vs Knoxville & Johnson City vs Clarksville vs ?
28 January 2024 | 15 replies
Forum rules generally prohibit phone numbers, so shoot me a private message and I'll shoot you their contact info. 
Mike Levene Sanity Check On First BRRRR Deal
27 January 2024 | 12 replies
One of my clients wanted to buy a condo with basement and after reviewing the condo docs it turned out the association prohibited below grade bedrooms so you definitely want to verify.
Jose Castillo Building buyers list
8 September 2016 | 3 replies
You can either put the signs out on Friday anytime after 5pm and take them down Sunday night(that's when city offices are closed. most cities have ordinances prohibiting bandit signs.) or you can leave the signs up, but use a phone number that can't be traced to you like a Google voice or Burner number.Also, you can hook up with a Real Estate agent, have them search the MLS for properties that have sold in the last 3-6 months and were paid for with cash.
Sergey Tkachev Question about HOA and Co-op in Florida
15 September 2016 | 9 replies
Converting to a condo is truly cost prohibitive from many aspects, as far as we've looked into it.  
Jay J. FHA / VA Residency Requirements
16 September 2016 | 2 replies
If you want to rent this place out on airbnb or similar for those times in the year where you aren't using this place, this is not prohibited
Account Closed Advice on 1031 Exchanges
19 September 2016 | 13 replies
Account ClosedMark is referring to the prohibited transaction rules which would absolutely prevent you from putting an asset you currently own into your IRA or 401k.You can invest a self-directed IRA or 401k into real estate, but as a disqualified person, you would not be able to transact with your retirement account.
Talmadge Lawing Setting up LLCs and self directed IRAs
23 September 2016 | 7 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.)
Benjamin Barredo Rental Property Expenses for Analysis
21 September 2016 | 10 replies
Multi-Units frequently have a single metered water service and the LL pays water.City Trash (plus sewer fees if any) are also paid by the LL.Other expenses include:PMI (if you're paying this, you didn't put enough downpayment)Taxes & Insurance (if you pay PMI, then the lender WILL wrap these into your mortgage payments)mileagepest controlprofessional fees (CPA + City Business License)Legal Fees (Evictions & Collections)yard maint.telephone serviceutilitiesmortgage interestHOA fees (if any)repairsInternet Access ( a] if you provide access to the local carrier & b] lease prohibits personal accounts)