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1 January 2019 | 29 replies
If Housing Authority makes one for Section 8 why wouldn’t I want?
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4 January 2019 | 11 replies
I don't know I would be astounded if I got two separate lenders or servicers on a call.most of these deals you never talk to anyone.. its always written correspondence once you have the owners written authorization to release mortgage information.
29 December 2018 | 0 replies
"New Power: How Mass Participation is Changing the World" Jeremy Heimans, Russell Brand (There are other similar titles by same authors as well. )
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3 February 2019 | 15 replies
Essentially from what I remember from reading it, the author suggests that you can have certain IRA assets appraised at a deep discount if they are part of an LLC that you own a 'minority stake in', and this would make the taxes due less.
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2 January 2019 | 23 replies
If you Google search Wichita Housing Authority and you will see their standards, nothing unusual.
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1 January 2019 | 9 replies
When a tenancy ends due to the death of a tenant you need to make sure you do what is required by the laws of your jurisdiction and act in a respectful and sensitive manner.Typical steps:Secure the premises.Notify the authorities.
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29 September 2018 | 6 replies
Then you receive a C of O (Certificate of Acceptance) decided upon again by the local or state or county authorities.
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2 October 2018 | 5 replies
Here it's on the Cuyahoga County Authors site.My purchase price is always lower than the Counties value.
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22 December 2020 | 46 replies
There are many loan types available, CHFA, NACA, Alabama Housing Finance Authority, Habitat, USDA, etc.
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1 October 2018 | 8 replies
@Mike ChurchFollowing 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; 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 (Checkbook IRA) 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 2018, the solo 401k contribution limit is $55,000, 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.)