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Results (9,322+)
Jim Cummings Landlord Guilty Of Not Stopping Discrimination
28 March 2019 | 6 replies
The Harasser later pleaded guilty to harassment and a protective order was entered prohibiting him from contacting the Tenant.The Tenant filed a lawsuit against the Manager, alleging violations of the FHA, New York’s fair housing laws, and various other causes of action related to the emotional trauma resulting from the harassment.
Steven Route Legal considerations of STR within my home
2 April 2019 | 5 replies
https://gis.mono.ca.gov/apps/pv/Click on your property or search your addressIn the details it will say Transient Rentals Prohibited, Allowed, or To Be Determined.
Matt Maluchnik Bill Bronchick's Self Directed IRA from checking act??
2 June 2016 | 2 replies
See the following: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.)
Scyrus Cartwright How to propose an private money investment opportunity.
20 December 2015 | 5 replies
Excessively prohibitive interest rate from boss who has direct control over your W2 job.
Eddy Ade My Insurance Policy was cancelled because of Tenant's Pit Bull
9 November 2015 | 2 replies
My Insurance policy for the property was recently cancelled because of 'dangerous animal' on property.I already made the Tenant signed a new lease after 30 days that prohibits Pets butTenant refused to remove the animal because Tenant claims she had it before I bought the property and also because the dangerous animal is 'sentimental' to her family.
Carolyn W. How to use IRA funds to purchase real estate
23 November 2015 | 2 replies
Conventional financing is not allowed when purchasing inside of a retirement account since it required personal guarantee which is prohibited, therefore non-recourse loan must be utilized. 
Nima S. Adding Separate Meters on 2-unit (Queens-NYC)
6 September 2021 | 11 replies
The cost to separate utilities by ripping out the steam system and replacing it with anything was so prohibitive it made way more sense to optimize this system and put my money into renovations.
Julian Mcclurkin I Can’t Air BnB... now what?
1 November 2018 | 7 replies
You could get yourself into legal trouble if the city prohibits STR in certain districts.
Thomas Smothers Contract for Deed- lender? trying to foreclose not as agreed.
5 November 2018 | 8 replies
A provision in a contract that prohibits you from seeking legal advice or retaining a lawyer is not enforceable.
Simmie Douglas IRA real estate investing
21 October 2019 | 7 replies
I would recommend you start with learning about the prohibited transactions.