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Results (10,000+)
Edward Damhuis The number don't seem to add up... using BP rental calculator...
15 September 2016 | 1 reply
whether its a VA loan or Traditional loan it should not matter, as long as you have the right amount of the loan and the right interest rate. there is the option of sharing the calculator at the end of the sheet, you can put the link on here and let others check it if you want. but would also need to have list of your expenses and income so that we can see if everything was inputted right. if you do not want to put that on the forums, i would be happy to check it, just send me a message with everything.
Marcel Pean Making an Offer
18 September 2016 | 14 replies
At the end he shared his financials.3 bed / 3.5 bath, ~1,500 sf rowhome in an up and coming neighborhood in NW DC. 
Dan Pezzano Stuck in the rat race
31 October 2016 | 15 replies
If I can share one piece of advice, it would be to get started now! 
Chris M. BiggerPockets Video/Blog Request: Chronicle Deals As They Happen
20 September 2016 | 2 replies
Again, with everything BP has done this kind of stuff might already exist, but I just wanted to say that I've found the best real estate education has come from reading/watching/hearing from others as they're in progress working on current deals.Just sharing my thoughts.
Joe Capobianco Duplex with 1 furnace
16 September 2016 | 4 replies
@Joe CapobiancoYou definitely NEED to raise the rent more if both of your unit share 1 boiler.
Justin Young Is this a valid strategy?
20 September 2016 | 10 replies
There is a lot of "shared space" in multis and those costs tend to fall on the owners rather than the tenants.Feel free to send me a message if you have any questions.
David White House under contract with no buyers lined up
24 September 2016 | 81 replies
You may also find an experience wholesaler that has track record so you can share those first few properties and get some experience with them, the last thing you want to do is not move that deal after you have it on contract, the main porpuse of a wholesaler is to make a profit while solving the distressed seller problems. 
Nicole Lindgren Owner occupied with partners
17 September 2016 | 1 reply
If it were just the 2 units the 2 couples could agree on a reasonable rent and then subtract that out of their share of the profit. 
Talmadge Lawing Setting up LLCs and self directed IRAs
23 September 2016 | 7 replies
Following are the similarities and differences between the solo 401k and the self-directed IRA.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; 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 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.)
Amy Ranae My first deal!!!
19 September 2016 | 17 replies
Let me know if you want to share notes.