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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.
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19 October 2018 | 19 replies
Many college towns, including mine, do not allow more than 3 number of unrelated persons to live together.
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15 October 2018 | 6 replies
In many places they have been "zoned out" of local cities, meaning the town won't allow any more to be built (unless a replacing existing).
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8 October 2020 | 26 replies
About 3-4 years ago someone built a brand new fourplex, 1.5-2 bedroom each.
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14 October 2018 | 1 reply
There's also a property in that area similar build and original just like the subject property, for sale at $170,000 and has been listed for over 140 daysI am wondering if you comp the property just like you would with a SFR, this home was built in the 70's and has no foundation built in 1970.
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15 October 2018 | 25 replies
I really like the young girl too, I'm hoping she'll be interested in one of my other properties in a different part of town.
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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 :)
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16 October 2018 | 5 replies
I have been told that newer HVAC systems have a built in obsolescence that will make them die much sooner, and need to be replaced much sooner than older units.
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18 October 2018 | 18 replies
Leave it alone otherwise and it will be fine going forward as a purpose built rental.Bottom line it looks good as is, don't fix what isn't broke.