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12 March 2017 | 14 replies
(Believe it or not one of our Preferred Lenders ran out of $ for a short period of time) There are some good local lenders along w/ some National lenders.
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5 May 2017 | 9 replies
That is a big mistake for HOA/COAs to accept.The Community Association Institute (cai dot org) is the advocacy group dedicated to this concept.
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6 March 2017 | 7 replies
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.)
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4 September 2017 | 4 replies
@Jake Walroth I used Park National Bank for my cash out refi.
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4 March 2017 | 10 replies
Have a 5-6 month RV trip to Alaska the pacific north coast and 20 National parks starting this June with my wife and kids.
19 February 2018 | 8 replies
I am a Canadian national living in the Middle East, and am looking to invest in the USA.
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4 March 2017 | 26 replies
Personally I cant make most multi's come out right now, and the "big players" in Multi's are sitting on the sidelines and even selling right now, as institutional investors are coming in for 1% or even 0% returns expecting appreciation.
4 March 2017 | 4 replies
Not sure if this has been asked yet or not but does anyone know of bank or institution in South Florida area (Miami to be exact) that would give home equity loan without home having home owners insurance even though the home is owned outright?
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9 March 2017 | 9 replies
My related finance company made over two billion in loans from 1975 to 2014 when I sold off the remaining loans to an institution.
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30 October 2017 | 52 replies
Money magazine had showed McAllen, Texas as the number one property in the nation for inflation, the previous year.