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Results (10,000+)
Account Closed How Can I Receive A Hard Money Loan With No Money Down?
19 August 2019 | 11 replies
Is it possible to find an investor to contribute the down payment amount in order to receive the loan?'
Account Closed In Search Of Hard Money Loan For 1st 'Flip & Sell' Project In LA
16 January 2016 | 7 replies
If needed, is it possible to find an investor to contribute the down payment amount in order to receive the loan?'
Tom Kaider Chicago NW Suburbs Investor Meetup, Saturday, Jan. 30th
7 March 2017 | 4 replies
Come ready to contribute to the deal.
James Ansley Looking for a mentor in Ventura County
1 June 2016 | 4 replies
Including new construction.Meeting is the 2nd Thursday of each month, at Mimi's Cafe in Thousand Oaks.Also, Wednesday's are BP webinar days and Brandon Turner always points to a page on BP focused on the top real estate investing books.
Edmund Ricker Anyone Using Self Directed IRA
2 June 2016 | 9 replies
Following is why: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.)
Sam Dorgalli No experience, No money, but got a deal... is that enough?
20 November 2022 | 8 replies
For me, my partner's percentage is based on what they contribute to the deal, and how each task/role/responsibility they execute is related to all these T/R/R's executed by every partner involved.
Armin Rostami First investment property and househack
19 November 2022 | 8 replies
So please don't hesitate to message me and I am happy to contribute in any way I can as well!
Saman Pari Suburban/rural SFR rented to 2-families - refinance
21 November 2022 | 8 replies
These can be contributing factors in their consideration.
Joey Cassera Hiring 7yo son as household employee
10 August 2020 | 10 replies
@Joey CasseraI am not sure if the payment to your son will be eligible for contributing to a Roth IRA.
Jim Pellerin Is the goal to own real estate or to make money?
31 May 2022 | 26 replies
I dont think this metric neccesarily contributes to the making lots of money.