![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1565626/small_1694716842-avatar-adamk228.jpg?twic=v1/output=image&v=2)
19 September 2023 | 19 replies
All repairs or improvements over $400.00 will be approved by Owner prior to commencement and will be done at a fixed rate per job prescribed by the Manager and approved by the Owner.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1124140/small_1694807095-avatar-busayoo1.jpg?twic=v1/output=image&v=2)
26 December 2021 | 37 replies
Grave digging here but in my reading about the opportunity zone funds, I thought you could avoid the substantial improvement all together by using the property as it original use:"The original use of such property in the Opportunity Zone commences with the Fund or the Fund substantially improves the property; " https://www.dykema.com/resources-alerts-qualified_...That seems to make me think a duplex would qualify
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/486013/small_1694597508-avatar-8thstreet.jpg?twic=v1/output=image&v=2)
18 April 2017 | 18 replies
(I will proceed to file a code violation complaint regarding your fence with Code Enforcement, my Attorney (give him your Attorney's business card) will commence a trespassing civil suit against you seeking $XX,000 in damages and fees), and I will personally call the police and file a criminal trespassing complaint against you with XX law enforcement agency.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/199549/small_1694998959-avatar-yanivyeru.jpg?twic=v1/output=image&v=2)
15 January 2021 | 5 replies
GP contributes 10% of the equity on the purchase price then 10% once construction commences?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/160632/small_1621420272-avatar-markaw.jpg?twic=v1/output=image&v=2)
8 February 2015 | 8 replies
All payments made by Tenant to Landlordafter the tenancy commences, no matter how designated by Tenant, will beapplied as follows: first, to any outstanding amounts due for damages/repairs,utilities etc.; second, to any outstanding service charges and fees from priormonths; third, to any rent outstanding from prior months; fourth, to anyservice charges or fees due in the current month; and lastly to the currentmonth’s rent."
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/346568/small_1621445727-avatar-mooseknuckle_44.jpg?twic=v1/output=image&v=2)
18 July 2015 | 6 replies
Run home and grab the shop vac and commence trying to unclog this thing.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/691738/small_1621495547-avatar-bobb101.jpg?twic=v1/output=image&v=2)
26 January 2017 | 10 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.)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/246735/small_1621435976-avatar-cygnettrading.jpg?twic=v1/output=image&v=2)
10 December 2014 | 4 replies
Thanks Wayne,So in the covering email to a copy of the purchase agreement signed by me and the seller, I should state that title search should not commence until after the 14 day inspection periods has expired?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/348494/small_1621445852-avatar-bretburkett.jpg?twic=v1/output=image&v=2)
28 July 2015 | 0 replies
Somebody I know was digging a single post hole this weekend and that somebody, not so luckily, ended up hitting the bundle of telephone lines that runs along the back of the yard. 811 was not called before digging commenced and that is how we ended up with the utility company coming out and digging up the yard to fix the line.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/116114/small_1621417629-avatar-diverse379.jpg?twic=v1/output=image&v=2)
22 May 2015 | 4 replies
Without a doubt the kitchen and bath are your two areas where your property will shine in the potential renters eye.I am about to commence on my In law suite and I am at an impassse when it comes to selecting Cabinetsmy contractor wants to go builder grade. but painted. and we will swap out the doors to go with a more modern look. i had some cabinets picked out from Lowesbut i also like some of Ikea's offererings However,Ikea build quality is suspect.I am only dealing with line set up on a 12 foot wall.with 24 inch stove and 24 inch fridgeso my cost will not be too high no matter which way I go.