Jason Moran
Rolling over my 401k
13 July 2017 | 5 replies
A rollover to an IRA is the same, regardless of how that target IRA is constructed.The answer is likely no, because the financial services firms that offer 401(k) plans like to trap the money under their control, but there are some plans that will provide such an in-service option.If the answer is no, then you would need to either change jobs or reach retirement age of 59 1/2 while still working for the same employer in order to be able to move those funds to a plan of your choosing.
Scott Perkins
Tax strategy advice needed
7 August 2017 | 6 replies
Losses can be trapped inside of a C-Corp.
Adam Cazzolla
Seller's Disclosure - Is it ok for a Seller to leave any question unanswered?
29 September 2023 | 7 replies
On the Seller's Disclosure form, many of the questions remain unanswered, such as, "Do you know of any previous/current presence of any wood destroying insects/termites in or on the property or any existing damage to the property caused by wood destroying insects/termites?".
Josh Keys
LLC vs Corp in New York
9 February 2010 | 3 replies
The problem with a C Corp is that any losses I incur would be trapped in the company, as opposed to an LLC where I could use them to offset my Salary income.
Jason Carr
Tax Liens In Pre-Forclosure
7 May 2013 | 7 replies
They'll know traps you don't even know to ask about.
Leah Woods
Tenant wanting to do bathroom renovation?
18 December 2023 | 32 replies
Tell her is going to cost about 10k, (just to scare her away). 1k to replace the vanity and paint is possible, just make sure its done by someone who knows what they are doing to make sure there is no leaks and p-trap installed correctly.
Jim Hartmann
Drafty windows
3 January 2016 | 7 replies
If a fire breaks out and the tenant throws an object out the window for quick exit but that item qets caught in the open with in the plastic and remains trapped is the rest of what happens worth not replacing the windows.
Bizi Kayumbi
Phil Pustejovsky
8 January 2022 | 22 replies
I plan on continuing my free education but at some point still really want a mentor to help know if I find a deal and I'm getting my foot in a "bear trap" or a finding "gold mine".
Champ Leong
Getting rid of kitchen grease with a septic tank
29 November 2021 | 6 replies
If this is a rental, install a grease trap.
Jonathan Makovsky
Closed: 16 Unit Buy-and-[probably]-Hold
10 September 2015 | 40 replies
Replacing all Kitchen and Bath p-traps and drains:a.