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Results (10,000+)
Levi T. How many deals did you do this year?
2 October 2016 | 27 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; 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 (IRAL 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.)
Michael Le Syndication with foreign nationals
21 October 2016 | 25 replies
There are many reasons for this: punitive taxes, inflation, political changes, corruption, exchange rates, lawsuits/predators, etc.An offshore carrier with a policy denominated in US dollars would likely be a great vehicle for financing US investment... if you could get a loan in the US that is secured by an assignment of collateral against a cash value policy held offshore.
Ruby Escalona Closing a house after hurricane
19 October 2016 | 10 replies
I would suggest at least riding by the home so that you can see how the neighborhood held up and if there's any clear signs of damage.
Jerry Bredesen Lead in the Water
21 March 2016 | 4 replies
lead (and other metals) typically enter the water from the water itself being to acidic and dissolving the lead from the existing plumbing, solder, and fixtures.  
Blake Powell Need help to start flipping
4 April 2016 | 8 replies
Once you have that, you will get hit with short term capital gains on everything you sell, even a rental you've held for a really long time. 2) You will make enough in profit to have the entity taxes as an S-corporation which will help you with taxes.
Michael Tucker New member from St. Louis
8 April 2016 | 2 replies
I've been in the HVAC industry and the architectural sheet metal trade my whole career (Sheet Metal Workers Local 36) and construction and rehab comes easy for me.  
Scott Forgue Laws against not allowing septic and underground oil tank tests
12 January 2016 | 7 replies
Thanks for the responses, it's a residential bank owned property, so I was just wondering if there was a law or if they could be held responsible since they foreclosed on the owner. 
Susannah Surgeoner Freelance writer who loves the real estate industry.
30 January 2020 | 2 replies
In the past, I have bought, sold and held properties and helped many investors do the same.
Michael Zagorsky Stocks held in escrow account to meet 20% down conventional?
7 September 2015 | 3 replies

So I know someone who mentioned that his father in-law, who works for a investment bank, managed to get him an interesting mortgage for his primary residence.  He says that it is conforming mortgage.Basically, instead...

Lokesh W. Surveillance in the Trash Can Area at my Rental Property
17 March 2016 | 12 replies
I used a deer cam in a metal box for the same thing.