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Results (10,000+)
Francene Iaizzo Researching Property Value ie. Taxes, Owner, Liens
21 October 2016 | 4 replies
If you have a specific property in mind you can get a free preliminary title from the title agency that you intend to purchase your title insurance policy from.  
Ron Reed Another newbie expense question
2 October 2016 | 4 replies
But what about things like insurance, garbage, water/sewer, turnover like painting, cleaning, etc?
Account Closed 5 single family in 18 months
9 October 2016 | 15 replies
Make sure you are safe with your insurance coverage.  
Waylon Gates New member from Lake Havasu City, Arizona
4 October 2016 | 17 replies
@Waylon GatesFollowing 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.)
Anthony Martin Writing off Utilities
2 October 2016 | 3 replies
No different from the mortgage, insurance, taxes, etc  that you have to keep paying while the property is empty
Account Closed Using Home Depot as a Contractor
30 January 2017 | 8 replies
A lone handyman working out of the back of his truck usually has no insurance and also doesn't have a customer service department. 
Tyler Belliston How does a young college student get in on wholesaling?
4 October 2016 | 6 replies
In the remarks section put the following - “Investor Special” or “Handyman Special” to insure you get investor activity.
Clayton Swansen Buy or rent or just go surfing?!?
3 October 2016 | 5 replies
Less than $1k/month including insurance and taxes is what I am shooting for.
Stephanie Medellin Need Some Help Appealing an Appraisal
2 October 2016 | 9 replies
I am very familiar with this neighborhood and know that this home would sell for more if it was listed for sale tomorrow.I proceeded to appeal the appraisal and back it up with lots of documentation, but did not have success in getting anything changed.  
Eric Raslich Florida Keys - Offering Property Photography for Mentor Advice
2 October 2016 | 3 replies
I really want to get a local, first-hand homeowner with some experience to talk me through the complicated flood and wind insurance that is required down here.