Dennis King
When the Market Turns - What is the Best Strategy?
16 December 2016 | 14 replies
Everyone is saying to prepare...buy primary and secondary assets (resources, land, precious metals, real estate, ownership in businesses that produce those resources, etc.), and stay away from tertiary assets (stocks, bonds, 401(k)'s, etc).
Peter Crabtree
Refinancing for a BRRRR
14 December 2016 | 6 replies
Hey Peter,I haven't BRRRRd in a few years, but if I recall correctly, they were willing to do 80% of my costs immediately (costs can include the fees for your time, and my time is precious at $100/hr - not sure how hard different banks scrutinize that number though).
Anthony Palma
New Member From Delaware
5 January 2017 | 3 replies
I am a stock and precious metal investor looking for a new market.
Raj G.
Tenant Not vacating in Bayonne, NJ
30 December 2016 | 35 replies
No he wants to kick them out because he says the tenant agreed orally to leave after 60 days but now our precious little @Raj G. feels threatened that the guy won't leave after 60 days.
Andres Duque
Buy and Hold vs Value Investment in the Stock Market???
14 January 2017 | 6 replies
Things like annuities and precious metals should be invested in and give decent returns.
Jim Etheridge
Need Some Guidance on Self Directed IRA with financing
17 January 2017 | 8 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;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your ow business.
Bernard Chouinard
Fidelity doesn't offer SD IRAs: Got Recommendations?
17 January 2017 | 7 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;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business.
Kristopher Gomez
Wholesale advise needed
16 January 2017 | 24 replies
I never waste my precious time meeting sellers or looking at their crappy houses.
Cheryl H.
Newbie frustration and my gut is telling me something aint' right
12 June 2016 | 14 replies
Should the agent spent his precious time w/ you or w/ the money person?
Catherine Ashley
solo self-directed IRA and fees in Orange Ca
13 June 2016 | 6 replies
See following IRS website regarding self-employment. https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-centerFollowing 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;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.)