How are the cash distributions handled when a property is sold?

It is the only entity structure whose rules allow the business owner to take a “reasonable salary” (subject to social security and medicare) and then take the remaining profit (often as much as 50% of the remaining income) out as distributions not subject to self-employment taxes.

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit your needs and be sure to ask questions along that line.

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit your needs and be sure to ask questions along that line.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-EZ for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.You'll notice that both types of IRA based programs use a custodian. 

Friends and families provide the funds to acquire and renovate while we manage the project Upon completion funds are distributed in accordance with the JV agreements. 

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.So, as you continue your research and get feedback here on BP, think about what type of program will best suit your needs and be sure to ask questions along that line.

I have a friend that self manages 135 single to four-family units and used quickbooks, along with various other systems for applications, leases, maintenance requests, etc, until about 100 units before switching to appfolio.Hiring a PM should do the bookkeeping on their items, but typically won't handle taxes, insurance, loan payments/interest, or any investor distributions and bookkeeping.I am a big advocate of hiring a bookkeeper, as it is tedious and while not cheap, can create some savings both from finding tax advantages that might be missed otherwise, and often helps reduce the cost of tax filing, especially if your bookkeeper is within the same group as your CPA for taxes.

Standard docs and distribution breakdowns based on the "type of partner" each member of the LLC is, and what their roles are within the LLC.There are essentially 3 Partners:1 - Cash Partner:  Responsible for putting cash into the deal at the beginning.2 - Credit Partner:  Responsible for getting any leveraged financing...specifically the refinancing to get all the cash back that the Cash Partner put in.3 - Management Partner - Responsible for everything else, from the finding and analyzing the deal, through closing, to managing the project to the exit strategy.All three partners are on the Articles for the LLC from the start.