Andrew Lomakin
Government Tax Liens, how legitimate are they?
27 August 2016 | 6 replies
I do old fashioned way, buy paper and electronically research each one, we have been refining a list of about 5,000 for this years sale...
Abel Curiel
START-UP vs. ESTABLISHED FRANCHISE brokerage.. WHO SHOULD I JOIN?
24 August 2016 | 6 replies
Some of my friends like having 100 agents at a firm even though just a few will close something and basically be a babysitter for 80k to 100k profit a year because they do not want to sell anymore.I love the art of the deal so love transacting.
Account Closed
Keeping Up With the Millennials- How Landlords Can Stay Relevant.
26 August 2016 | 3 replies
They prefer to receive electronic bank statements, use digital coupons, and pay their bills online.
Lorrett H.
Newish Investor in Metro Atlanta, Deal Financing
26 August 2016 | 4 replies
Selling Agent Commission: Commissions are negotiable, however I would not be "selling" on a double close, so no agent's commission.School District: This district have three great magnet schools for: Fine Arts (100% graduation/scholarship rate; Elite Academics (IB/AP programs); and World Languages that do not require students to live in any particular boundary within the county.
Braden Apana
Investor Meetups
2 September 2016 | 14 replies
My favorite books on mindset are The Go-Getter, Who Moved my Cheese, The One Minute Investor, The Road to Wealth, and the Art of the Deal.
James Maness
Apartment Complex
15 August 2020 | 12 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;Both 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.)
Ronnie Woolbright
Bishop arts investing
29 August 2016 | 0 replies
Hi Dallas BP members,I am looking to invest in the Bishop Arts area and neighborhoods right around it.
Justin C.
Hello from Dallas! New Investor Excited to Get Started.
31 August 2016 | 24 replies
Bishop Arts District).
Max Gustashaw
New Member in Southern California
31 August 2016 | 6 replies
I'm currently partnering in the expansion of a lifestyle brand from one location in the Downtown LA Arts District into further iterations and spinoff concepts throughout Greater LA.
Nikki Stoddart
Under Contract Dallas 5Plex- How should I handle existing tenants
3 September 2016 | 5 replies
They can send electronic payments or just go to the bank and pay in person.3.