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19 April 2015 | 4 replies
Not only did I have my engineering degree in electronics, I was technically, legally and professionally certified by every manufacturer of high-end biomedical equipment that I was employed by.
20 November 2017 | 10 replies
Their electronic payment did not go through and as a result, they have not paid rent for November.
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8 December 2017 | 15 replies
@JC ConchasFollowing 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 (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 2017, the solo 401k contribution limit is $54,000, 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.)
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15 August 2018 | 49 replies
Millions of houses are in a POOL with millions of other houses in MERS (Mortgage Electronic Registration System) so that Wall Street Cats can get fatter, which is illegal because it separates the note from the mortgage making it an unsecured debt. - Can you say "Bifurcation"?.
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12 February 2019 | 39 replies
His analysis helped my realtor determine her marketing strategy.In my case, my "core knowledge" was the electronics industry.
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28 October 2016 | 24 replies
Sometimes they have a newsletter you can advertise in or if you know someone that can post in the breakroom.
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10 March 2011 | 29 replies
From my experience, the appraisal are electronically sent to the lender, so only the appraiser has a true paper original.
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13 September 2012 | 33 replies
Yes a great publication to read is mortgage servicing news.MERS (mortgage electronic recording services) was used to avoid paying transfer taxes in states by the lenders etc.I am wondering if banks are also trying to insert language to indemnify themselves from future claims by any party arising from this issue after selling the property??
28 December 2016 | 23 replies
Hey BP,In my electronic housing search, I've found a property that seems like the type of deal I'd like to invest in.
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24 May 2019 | 17 replies
And now in AL when I am funding deals there... they can electronically file the deeds just notarize scan and return.. things are getting much easier..but when you have loan docs that's old school