
25 March 2018 | 0 replies
It looks like Berkeley has some new rules about it but does anyone know how strict they are that it "Must be your primary residence?"

3 April 2018 | 8 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 2018, the solo 401k contribution limit is $55,000, 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.)

27 September 2019 | 8 replies
My father in laws entire family is from there and I visited for the first time 3 years ago.

31 March 2018 | 10 replies
The operational team is also very seasoned by background but I’ll meet the key managers in person on my visit.
25 March 2018 | 0 replies
Must there most likely be something that I don't know about the house that those guys do or is it possible they didn't do their homework or just did an MLS search of neighborhood without realizing this house was on a special street in the neighborhood?

1 April 2018 | 3 replies
Your father must be proud of what you have accomplished so far, and the progress you will likely make going forward.I would suggest, before jumping into something, going to a couple of Real Estate meetings near you.

4 April 2018 | 55 replies
Before you visit, print out a letter that explains you don't wish for them to park in your driveway.

10 April 2018 | 39 replies
That would have prevented him from selling this lie.SAMPLE ESTOPPEL CERTIFICATEIt's absolutely mind-boggling that our judicial system has become so unjust.You must have missed the part of the story where OP buys this property with a tenant in default.... and at a huge discount.

1 May 2018 | 6 replies
Visited couple of houses in Bonaire/Bal they are 1940/50s built and market looks warm.Before pulling the trigger, would like to get inputs from the community on few points1.

26 March 2018 | 6 replies
Bulletproof sounds like a must read!