Bryan Young
aquiring a tenent
5 October 2016 | 6 replies
The question is if the previous owner had a contract but now is in federal custody is that contract valid.
Matthew Orme
SDIRA w/Checkbook control: CPA Special Advisor Fee?
24 August 2017 | 5 replies
They are doing the same relatively minimal amount of work regardless of how much capital the LLC holds.A good self-directed plan facilitator or attorney will have one or more preferred custodians they work with, as well as tighter integration between the legal and custodial processes.
Mark Spritz
Self Directed LLC IRA
11 January 2019 | 46 replies
@Mark SpritzWhile a Solo 401k may or may not be a better structure for you based on your situation, the additional benefits (beyond contribution limits and loans) include the following:-No custodial requirement-No need for LLC cost and admin to have checkbook control-Built in Roth-Spousal participation-UDFI exemptionsThe cost comparison depends on what providers you are looking at for each.
Kealii Murray
1st Investment property. In Vegas!
5 October 2017 | 11 replies
It is nice if you can work with someone local, but that is not always the best option.Rather than geography, i recommend you evaluate providers based on:Plan types offered as being suitable for your goals; custodial processing services, checkbook IRA LLC or checkbook Solo 401(k)Expertise, time in business, etc.Accessibility of support both during and following plan setupFeesCustomer ratings/recommendations
Levi T.
Towing Tenant Vehicles When Rent Is Late
21 September 2017 | 123 replies
And what would you do with the car should he default on his loan while it was in your custody?
Liwen Gu
How to get started with self directed IRAs
17 September 2017 | 2 replies
Hello Liwen,In addition to custodial self-directed IRA and Checkbook IRA you may qualify for a truly self-directed Solo 401k plan, which does not require a custodian and you don't need an LLC to have the checkbook control.
Christian Nachtrieb
Solo 401k Benefits / Disadvantages
6 November 2018 | 11 replies
Here are some reasons why: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)
Adrienne Medina
Self Directed IRA for Investing
13 November 2018 | 7 replies
Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe.
Haresh Melwani
Best Low Cost Self-Directed IRA Provider/Custodian
29 October 2018 | 6 replies
Roth IRAs cannot be transferred to Solo 401k plans.A few other Solo 401k benefits: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.
Kristian A moreno
How can my money grow as I’m saving up for my first purchase?
29 October 2018 | 19 replies
If you're self-employed, the Solo 401k will provide many benefits over a self-directed IRA: Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)