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Results (9,314+)
Tim Wilkinson question about short sale viability
26 January 2016 | 8 replies
Rather, I'd say banks were in a position where it was prohibitive to foreclose.
TJ P. Multiple 401Ks to self-directed or other options
1 February 2016 | 10 replies
Following are the similarities and differences between the IRA and the solo 401k.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.)
Philip Grant What is Wrong With My Listing
19 March 2016 | 10 replies
Title VIII of the Civil Rights Act of 1968, as amended, prohibits discrimination in the sale, rental, and financing of dwellings, and in other housing-related transactions, based on race, color, national origin, religion, sex, familial status (including children under the age of 18 living with parents of legal custodians, pregnant women, and people securing custody of children under the age of 18), and handicap (disability).Better take a landlord class and get your act together.
Daniel Gima duplex vs adu (accessory dwelling unit) in an expensive market
21 August 2020 | 24 replies
But proposed state law, which is moving quickly, would prohibit that pesky impediment and void all existing deed restrictions on ADU owners. 
Paul H. Any advice from military vets
31 January 2014 | 12 replies
You give them A LOT of money, and their net worth requirements tend to be prohibitive to the small guy (read MILLIONS).Done rambling.
Kevin L. Raise rent or non-renewal of lease
15 May 2017 | 11 replies
I have leases that prohibits any physical alterations of the exterior.
Tom Dever Looking to network with vaca property owners in Loon Mountain NH area
23 March 2015 | 11 replies
What I found were condo by-laws that prohibited weekly or short term rentals.
Zachary Haded Direct mail vs. bandit signs in my area
12 August 2015 | 10 replies
Bandit signs are specifically prohibited by Section VII of the Methuen Zoning Ordinance.
Tracey Marzich Problem Tenant
25 July 2014 | 26 replies
Our leases specifically prohibit them from doing anything like that - although we recently had a tenant that did far more than that. 
Brock W. Phoenix - Sell SFR and cut losses or hold the property
6 September 2015 | 18 replies
Unfortunately, the terms of my mortgage prohibit them.