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Results (7,375+)
Jerry K. Gems you learned from books - REI and others
19 May 2014 | 2 replies
Find out their websites and look for their magazines or online newsletters.
Dannie Barlow How do you do your late fees?
16 March 2015 | 11 replies
I use electronic rent collection via erentpayment.com.
TJ P. Multiple 401Ks to self-directed or other options
1 February 2016 | 10 replies
Following are the similarities and differences between the IRA and the solo 401k.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;Both are prohibited from investing in assets listed under I.R.C. 408(m); andThe 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 2015; 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.)
Johann Jells Selling a 55+ condo FSBO: strategies?
6 April 2014 | 1 reply
(though if she lives alone, etc. you want to be cautious how much information you put out, and screen potential buyers so that only qualified buyers come over - which is another great reason to list with an agent) Ask the condo association if they have a newsletter or website that goes out to owners, maybe they have a classified section.BTW people over 55 are in fact online :)
Quandra Adams Not sure how to handle this deposit situation. Seeking advice
10 October 2018 | 6 replies
They left behind furniture, tables, electronics and a few more things which I and my boyfriend had to remove.
Chris Trupiano Which method of rent collection would be best
17 May 2016 | 16 replies
It's all done electronically through email.
Joe Cantanzriti Moving to Chicago, keep my Youngstown Rentals?
22 June 2016 | 9 replies
Can you accept rent payment electronically?
Aaron Linden Accept Rental Unit Deposit Anonomously
9 August 2016 | 8 replies
If a PM asked me to make a check out to them I would think it is pretty shady.Note: My plan is to set up electronic rent payments through rentpayment.com so I think this should allow me to remain anonymous from that perspective.Thanks in advance!
Adam K. When preparing for a short sale should you continue paying the mortgage?
11 September 2014 | 9 replies
I get your newsletters and read your blogs.
Pawel N. Simplifyem.com & Other Property Managment Software
17 July 2017 | 1 reply
It would also be great to do electronic leases. simplifyem.com charges $9.95 per month for up to 10 properties.