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Results (9,304+)
Kareem Aaron Is it okay to ask for 2x deposit + 2x rent (first and last month)
11 January 2018 | 7 replies
I found out later that he didn't pay the full amount and talked to him about it, he said it's illegal in the state of Maryland to ask for 2 months' rent on top of the double deposit, even if it's specified on the lease and he signed it.I already talked to a lawyer about this, I was told that he isn't aware of any such laws in Maryland prohibiting or allowing landlords to ask for 2 months' rent in advance on top of a double deposit. 
Rob Stauffer Large backyard mowing alternatives?
21 May 2022 | 8 replies
If there's no street access, for example, or zoning prohibits it because of lot size or area, you may not be able to subdivide.
Mejgan Koenig Solo 401k property purchase partnership question
30 December 2017 | 4 replies
If it is because there is not enough fund and 401k can't pull this  transaction on it's own then such partnership would be considered "Prohibited Transaction". 
James Gilpin Sub-Leasing & Liability Help!!!
31 December 2017 | 6 replies
In my area, there are regulations against rooming houses, and generally, it prohibits 3 or more unrelated people living together in the same house, unless the house is registered as a rooming house.
Jim Hern Insurance for a 1959 duplex in Broward Co, Florida
18 August 2017 | 4 replies
Bars Insurance - Kathrine SepulvedaLook up the number as BP prohibits us from putting telephone numbers here There in Miami on Brickell Ave....Good luck!
Yvette Velasquez Can i qualify for mortgage using IRA/401K if not retirement age?
8 October 2017 | 2 replies
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.)
Tim Little Multifamily in Richmond
10 December 2018 | 6 replies
At the time I was living in Washington, DC and the cost of investing there was prohibitive.
Edward Roe How to charge for laundry
21 August 2023 | 2 replies
Shinepay has monthly fees and is very expensive up front cost that is prohibitive for a couple of units. https://www.payrange.com/laundry/ Also worst case you can work with a local laundry vendor and have them lease you machines for free and split revenue 50/50 and they are responsible for all maintenance.
Eric Goulston Can i put lien on a co-owned property?
1 August 2015 | 4 replies
If your contractor partner has an arms length type contract between his co. and the LLC, he has the same rights as any other contractor, unless your operating agreement somehow prohibits it.  
Peter Mckernan Renter's insurances thoughts
19 September 2013 | 3 replies
The statsitics we've seen are that 60% of property claims are caused by tenant negligence...so, yes, requiring AND enforcing this (where not prohibited to require it) is good advice...