Houston economic growth [2005-2015] 2nd only to San Jose, California [Brookings Institute].

Following 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 (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 2017, the solo 401k contribution limit is $54,000, 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.)

I don't know of any education program, college, or institution, that you pay to go to that will teach you a skill to earn lots of money that will then give you your money back plus interest at the end of it.Is there something wrong with my thinking, that someone would be glad to find a mentor to hold their hand through the whole process, and show them a detailed system of how to make money flipping a house, where they would gain experience, credibility, and money and that they should be pleased with that?

“shall be deposited in an escrow account of an institution regulated by the Federal Reserve Board…”Mine isn't in an “escrow”, just a separate savings account.

I am a newbie here and I was wondering if anyone knows a good institution for the self directed IRA account that would allow REI later on. 

I'm from another part of the country and trying to make contacts in other area's and thought BP might be helpful for us non-institutional investors/owners/sellers of Real Estate.So far most the MLS/Realtor's (some say they are investors-guru's) I've contacted out of state seem to be only focused on the Case-Shiller index Metro's and not any rural recreation & retirement communities, like the one I mentioned above in Arkansas.

When you say $250,000 capital, do you mean $250,000 cash, some line of credit, equity in a house, approval from a financial institution for that amount , 401K money?

Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution lawfully doing business in this State or the landlord may, at his option, furnish a bond from an insurance company licensed to do business in North Carolina.

Aside from my day job of running an English education institute in Gangnam, I also help run a meetup that many BP members are a part of. 

If neither is received within 30 days, the servicer should institute foreclosure proceedings.I would probably chalk up the idea that it is immediate acceleration with no time cure to casual conversation with a person who wasn't fully informed.