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Results (10,000+)
John Lepkowicz SDIRA & LLC
11 October 2016 | 2 replies
You are the non-owner manager, and therefore hold signing authority for the LLC.It is kind of like having your IRA invest into a fund, and you get to be the fund manager.Be sure that Entrust will accept the operating agreement provided by the attorney you are working with.  
Jason Hopkins What RE investing books are you reading?
16 October 2016 | 5 replies
It is probably not the easiest book for an entry level investor however the author does a good job at making it worth while for all investor levels.  
Megan Arzt Lawyer recommendation - Putting a townhouse into an LLC in CO
17 October 2016 | 9 replies
The underwriter who I talked with says that before she can underwrite the "Additional Ensured Endorsement" (apparently what I need to keep the title insurance), I need to get "Record Deed" and "Statement of Authority" drawn up by a lawyer.  
Account Closed Do you think Elections are impacting Real Estate?
20 October 2016 | 8 replies
I would encourage you to take a look at the new bills that are being written(by lobbyist groups) and enacted by congress.  
Jennifer McMurtray Excellent Content at Note Camp!
17 October 2016 | 13 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 (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.)
Gail Greenberg Advantages of 401Ks over SDIRAs in buying notes
18 October 2016 | 9 replies
@Gail GreenbergFollowing 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 Retirement funds business startup. 
Account Closed Apartment Owners: Pet Fees, Deposits, and Pet Rent Defined
18 October 2016 | 3 replies
Additionally, some landlords have benefited from including a clause that explains what would happen if an unauthorized pet is found in the apartment.Example: “A fee of $500 is due immediately or at landlord’s discretion for having a non-authorized animal on the premise at the time of occurrence.
Aimee Knier Section 8 as first applicants... discrimination?
19 April 2019 | 11 replies
If you have not applied to the housing authority to participate in the program, had them inspect and approve the property, etc., then it may be a moot point - the property is not even approved for Section 8 (at least that's how it works here).Secondly, you have clearly established and published screening requirements.
Josh Polston Tenant Refuses Stove - threatens to withold rent
7 November 2016 | 58 replies
They demanded I come a remove the new (used) stove -- I think not.I notified them in writing that purchase of a new stove via withholding rent is not authorized
Eliot M. Disagreement w/ Property Manager
26 October 2016 | 58 replies
Please tell us how the PM has the authority to act ?