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Results (10,000+)
Nick M. Can I receive clear title?
21 September 2016 | 8 replies
Their attorney on the case does not have the authority to release the lien.
Stephen Sawrie new to SD IRA
3 October 2016 | 15 replies
@Stephen SawrieWhiled a checkbook IRA (also known as IRA LLC) is common option, the solo 401k may be a better option.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.  
Chris Luksha Looking for feedback on a potential first buy and hold duplex
12 October 2016 | 6 replies
There is a duplex just up the road from me for sale from the NH Housing Finance Authority.
Khadijah Celestine Does living in a rent-to-own count as an real estate interest?
24 September 2016 | 7 replies
Any loan that can be determined to have been designed for a borrower to fail can be predatory lending, if your borrower does fail then that becomes strong evidence that the terms could have been faulty under the circumstances.Where the author got that non-compliance exemption was with an individual or Trust selling one home in a year, that is an owner occupied seller, not an investor in the business of real estate. 
Kyle Hussey Roll 401k to Self-Directed IRA
14 December 2016 | 10 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).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.)
Fred Lopez Reverse Mortgage options
12 December 2016 | 4 replies
They should be able to provide her with general information but will not disclose loan specific information unless she can proof that she is authorized to handle the affairs of the estate.Feel free to PM me if you have any other questions.
Account Closed Prospective Tenant Screening
28 December 2016 | 7 replies
While, yes, there is less involvement from the tenant (not having to do identity verification), you will need to make sure you have the proper authorizations from the tenant, and perhaps most troubling (especially to the best tenants) is the hard-hit method will have an affect and can lower the tenants credit score.  
Chayden Young Tenant on Housing assistance
14 December 2016 | 6 replies
So talk to your local housing authority that administers the assistance to see how to do this.If the property is in Utah County, it will be the Housing Authority of Utah County.
Eve Mahoney Section 8 in California - how to respond?
13 December 2016 | 9 replies
Well, according to my book, "The tenant pays up to 30% of his monthly income to the landlord, and the housing authority pays the landlord the difference between the tenant's contribution and *what it determines is the market rent each month.* " Italics added. 
Jay G. Buying investment property from self using self-directed IRA?
30 January 2017 | 12 replies
Auction requires certified funds paid at day of sale, so I would have to have custodian issue multiple denominations of cashiers checks payable to the tax authority (at $35 each) and then return unused cashiers checks and purchase details (if any) to custodian directly after auction.