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Results (10,000+)
Tawanda B Baxter Real Estate Attorney (LLC)
8 September 2021 | 9 replies
After participating in a few investments’ classes, the running theme seemed to establish an LLC either in Nevada, Delaware, or Wyoming for their asset protection and tax benefits.My questions are:(1) Is it best to establish an LLC in Nevada, giving most of my property investments will be conducted in GA, TX, and AR?
Evan Griffiths Sweat equity percentage, What is a fair amount?
28 July 2017 | 2 replies
If you have all the experience and you're convincing someone to put up the money, then you would be better off paying them a set return % on their participation and then keeping everything else.
Sandy Uhlmann Using a SDIRA to get into mobile home investing
24 February 2017 | 22 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.)
Nicole Harrington Section 8 pros and cons
5 June 2022 | 24 replies
We no longer participate in the program, the cons greatly outweighed the pros for us. 
Steven Foster Wilson How do I get into BIG multi family investing?
4 February 2019 | 26 replies
LP's have no liability, no management responsibilities, but participate in the profits (cash flow and at sale).
Ron Brady Black couple’s home appraises for $500K more when white pal poses as owner
23 March 2023 | 83 replies
yup Blacks couldn't participate in that either, what about the Social Security Act of 1935?
Austin Sharp Depreciation: Real Estate Profesionals
2 April 2023 | 8 replies
Probably, if you materially participated in the properties. 
Richard Dunlop DETROIT and MICHIGAN (#1 Defender answers questions)
24 July 2016 | 115 replies
First off thanks for participating in my threadI purposely tagged all the people I could that have criticized Detroit.
Trevor Lohman Accountability group/mastermind/investing club
7 August 2019 | 46 replies
But after they get a deal or if they aren't looking, they don't participate as much.
Joesph McGillis Best Brokerage for New Agent that don’t need their hand held.
30 April 2020 | 3 replies
As far as recruiting goes, it is not a requirement for agents to participate at all, it is completely optional.