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22 May 2024 | 6 replies
I am a RE agent, investor and developer in central Houston, feel free to reach out with further questions or if you need help finding land that works with your numbers. - Chris Kersey
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22 May 2024 | 10 replies
@Patrick Goswitz Assuming you're comfortable with the buyer, and you own the property free and clear, a lot comes down to what are you going to do with the 100k?
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22 May 2024 | 7 replies
I actually partner with investors on deals just like this so if you are interested feel free to reach out!
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21 May 2024 | 10 replies
The flaw in what you are doing is that it's obvious you are only looking at homes online.
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21 May 2024 | 138 replies
., 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.)
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22 May 2024 | 15 replies
We can all agree that it is certainly not a risk-free strategy.
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20 May 2024 | 12 replies
This is my first post on biggerpockets.com & I would like start by saying how useful all the free resources and information has been on here.
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21 May 2024 | 44 replies
I briefly heard about this company from an investor friend few months ago, I tried to google but not finding much online information about them either.
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21 May 2024 | 4 replies
It may be easier to utilitize a kitchen cabinet or buy a free-standing cabinet you can keep in the main living space.
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20 May 2024 | 0 replies
Whether it's online communities, networking events, or any other innovative strategies, I'm all ears :)Looking forward to hearing your insights and getting to know everyone here better.