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Results (9,327+)
Jake May Small Property House Hack in Astoria, NY
13 December 2019 | 28 replies
At that price point you'll be limited to co-op or condo apartments and while you wouldn't have a landlord, there would be a co-op or condo board (HOA) that could be just as prohibitive.
Rav Ram What do i do with this Old Nursing Home building i just bought!!!!
10 May 2022 | 31 replies
Basically, he becomes better informed.If it is found to contain ACM and the rough estimates for abatement are project prohibitive, then the OP can make an informed decision as to what to do next.Personally, I sympathize with what I suspect happened to the OP.  
Curtis Steinman Flipping in a Self Directed IRA
27 January 2018 | 12 replies
The Self-Directed IRA and Solo 401k Similarities Both 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;Both 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.)
Sharad M. Sub$30k - Property pictures
22 February 2023 | 255 replies
Licensed Contractors have no time and their costs are prohibitive.
Chad Duncan Building a 4-plex instead of buying one...
21 November 2023 | 77 replies
I’ve got space to convert a garage space into an ADU but the cost was prohibitive so I’m thinking of logically starting with one piece at a time and building it out when I have a little money here and there over the course of a few years now.
Tia Rubadeau New Student Loan Regulations
5 October 2015 | 8 replies
It appears as though it would prohibit those in education or public service who are pursuing loan forgiveness from home ownership for a decade after graduation.
Anastasiia Greca Duplex
6 March 2016 | 10 replies
A house with 2 separate large floors might work but the cost could be prohibitive!
Andrew Rickli Has anyone done a live in flip?
10 November 2016 | 8 replies
They fix it up for sale over the course of a year as I believe the deed contains o one year resale prohibition.
Steve Fitzgerald Lease Review- Anything to add?
19 July 2018 | 1 reply
The use, possession or sale of illegal drugs at the Dwelling is prohibited.
Account Closed Prohibited from owning another property for 3 years
6 March 2013 | 18 replies
One thing not mentioned until you see your contract package is a clause prohibiting the participant from owning ANY other property other than the GNND property for 3 years from the date of purchase, lest the discount be called (prorated).