
13 September 2022 | 41 replies
I'm looking for lists that would include folks who've passed away, properties with water or electrical shut offs, and maybe more.Currently I have capital to employ and have three experienced investors, combined we have $350k to invest in Oregon - ideally on 5+ unit multifamily and mixed use projects to improve the communities and assist with housing.

11 November 2019 | 22 replies
To me it sounds more like you and this guy had an employer employee relationship.

23 September 2022 | 22 replies
I was getting paid $3000 per month via Workers comp plus my job still paid me for Holidays since I am still employed so I have those holiday paystubs and W2 from that.

25 February 2013 | 141 replies
Had a good friend in Ohio who worked in Mortgages at MBNA --not a great department but at least well staffed and experienced in customer service and doing a fair Home Equity trade-- Anyway, merger happens and 2 departments in mortgages are told they are free to explore other employment options.

28 March 2018 | 32 replies
Self employment income and wages will be considered.

19 October 2017 | 4 replies
Carl, I appreciate the input but I am looking for a tool where I can run a 10-20 year analysis by inputting the variables once as well as the expected annual increases in both income and expenses for the property given a set income tax rate and self employment tax.
26 October 2017 | 2 replies
@Todd E.If you are in some fashion self-employed with no full time employees, then a Solo 401(k) plan would be optimal.

3 January 2017 | 13 replies
* Right now my wife and I don't have self-employment income (since passive income from rentals and investments don't count).

6 January 2017 | 5 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.)

10 January 2017 | 9 replies
Thanks already everyone, my money is currently in an IRA; I do not have a 401k and I'm not self-employed, so Solo401k is not a good fit for me.