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Results (1,238)
Sivakumar Ganapathy Nightmare property management company - need advice!
6 April 2018 | 23 replies
And if they don't, expect to be shut down by the insurance company and their $500/hr attorneys until you have a sharp attorney of your own.In the future (I know this doesn't help you now), get insurance certificates from your PMs and contractors BEFORE work commences.
Jia Liu Leveraging 401K to invest in real estate
27 October 2020 | 22 replies
Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k SimilaritiesBoth 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 2017, the solo 401k contribution limit is $54,000, 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.)
Steven Gesis Purchasing 100+ MultiFamily Apartment Building - Needs Renovation
11 July 2018 | 27 replies
@Steven GesisI would recommend seeing what the area commences because every area is different so you want to do some market research to help see what amenities are worth your wild. 
Craig C. PA - Security Deposit questions (interest, renewals)
30 November 2015 | 11 replies
The balance of the interest paid shall be the money of the tenant making the deposit and will be paid to said tenant annually upon the anniversary date of the commencement of his lease.”Since I’m getting less than a 1% return, I’ll just keep the interest anyway, but do I need to send an annual notice to the tenant stating it’s because of a 1% fee?
Amie D. False positive review from a past landlord
21 January 2014 | 20 replies
Deposit and first month rent due before commencement date.
David Doyle I'm a Plumber/Investor & I'm here to help
12 September 2018 | 202 replies
Hello JoeI would get a father and son plumbing contractor out that specializes in drain cleaning,trenchless pipe replacement and video camera work.Go yo a local plumbing supply house ,be friendly and ask for a recomendation for a father and son outfit that pays their bills on time, are clean and courteous and that treat people right.Youll usually get 2 or 3 phone numbers.When you get these folks on the phone tell them straight up that youll gladly pay them what they want if they quote a firm price before they commence the work and if they would let you witness their video camera inspection and that they show you your problem.You wont believe what you see Joe.If you start things out right like that usually the guys you have over will bend over backwards to solve your problem.Ask me how I know,,,,I do it myself for good clients,.You usually get a better deal from a father and son outfit.Get a set price up frontThen everyones on the same page no surprises.Heres a secret,,,give a good plumber his price and he will do little things to make your life easier and he will put you on top of his priority list should you need him out again for other issues.Good plumbers are BUSY plumbers.A lot depends on how the drain pipe was installed in the first place.Was it graded properly?
Keenon Moorman using 401k for investing
17 October 2016 | 15 replies
@Keenon MoormanFollowing are the similarities and differences between the solo 401k and the self-directed SEP IRA.The Self-Directed SEP IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both are for the self-employed;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 SEP IRA and Solo 401k DifferencesIn order to gain SEP IRA checkbook control over the self-directed SEP 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 SEP IRA;The Solo 401k may be invested in life insurance;The self-directed SEP IRA may not be invested in life insurance;The solo 401k business owner can serve as trustee of the solo 401k;The self-directed  SEP 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 SEP 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 SEP IRA or 401k to a self-directed SEP IRA, the amount deposited into the self-directed SEP 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;The fair market value (FMV) of assets held in a self-directed SEP IRA is reported on form 5498;The fair market value of assets held in a solo 401k are reported on Form 5500-EZ;At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; andAt termination, the self-directed SEP IRA is only required to file a form 1099-R.
Annunciata R. Quoted $18 - $45 per sf to build a New Home In LA
2 May 2014 | 24 replies
I am assuming a valuation would need to be taken of the land on its own before the build process commences.
Bridget Smith-Osbourne Expired Tenant..Proceed with caution!!
8 October 2014 | 17 replies
I have already sent out papers to commence eviction proceedings for non rent payments,
Luke Coale Your favorite lease clause
22 February 2016 | 9 replies
Repairs done by a professional will be billed at the professional rate.Repairs done by Landlord will be billed by the job or as labor plus materials.PAYMENTS.All payments made by Tenant to Landlord after the tenancy commences, no matter how designated by Tenant, will be applied as follows: first, to any outstanding amounts due for damages/repairs, utilities etc.; second, to any outstanding service charges or fees from prior months; third, to any rent outstanding from prior months; fourth, to any service charges or fees due in the current month; and lastly to the current month’s rent.