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Results (10,000+)
Tom W. New investor from New Jersey looking for advice.
2 November 2016 | 17 replies
My intention is to use my share of the money gained from the sale to reinvest in real estate.
Dylan Henke Why I'm NOT succeeding
4 October 2016 | 18 replies
I finally came full force reading Brandon and Jscott's book this time and gained a tremendous amount of confidence.
Waylon Gates New member from Lake Havasu City, Arizona
4 October 2016 | 17 replies
@Waylon GatesFollowing 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; 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 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.)
Mike Warder Separate Property Mgmt Companies for Two Rentals?
3 November 2016 | 3 replies
None of the companies I've looked at offer any financial benefit to managing two properties. 
Tyler Belliston How does a young college student get in on wholesaling?
4 October 2016 | 6 replies
What they do have to be is targeted and show the benefit of using you to the investor.
Adam Dassie Forced to rent.
2 October 2016 | 2 replies
Mine was a flip turn key property so with these new lower sales and the quicker relocation than I was expecting I would lose 15k just on sale price plus have to take a huge credit hit and lose my VA benefits.
Lou Guerrier What is considered past assessments?
2 October 2016 | 3 replies
Can a condo association go after a third party bidder for a Final Judgment of a Foreclosure that the association gained title prior to the bank foreclosing?
Rohit Parchuri Greetings!! Buy&hold investment help
10 October 2016 | 9 replies
It really helps for any newbie in the RE to gain additional perspective with the detail you provided.
Adam Jaken What part of the country is there a better return then 6%
9 October 2016 | 39 replies
@AndreyThat's great, but appreciation still isn't a realized gain.
Marian Smith Just a paint color tip for other color challenged diyers.
28 December 2016 | 21 replies
Ive found the greys to be gaining popularity, as had already been said.