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2 October 2016 | 4 replies
Almost everything is an estimate including rehab costs.
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4 October 2016 | 17 replies
., 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.)
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1 October 2016 | 2 replies
Do I need to include any info about my RE license in direct mail marketing materials?
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21 January 2017 | 11 replies
Or does this include your financing as the total you can put together?
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4 October 2016 | 4 replies
Pity that all Wholesaler wannabes (including you @Jason Harris) don't get those sort of details POUNDED into them.
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1 October 2016 | 1 reply
I would include a contingency clause allows you to renegotiate the purchase price or exit the contract without default if there is change in the income of the property.I'm sure you can have a real estate attorney draft something up quickly.Good luck,Makenzie
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4 October 2016 | 21 replies
I only accept bids from my subs which include full turnkey work for their trade/portion to prevent just that, and prevent that I get a call that oops, the electrician forgot to include 50' of service wire, so I need to run to hd out of my own pocket, and then find a 49' piece rolled up on-site that he'll take with since it was too short anyway.
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26 February 2017 | 19 replies
I do have a team in place to handle almost all issues, including local family in worst case scenarios.You know, I am torn between investing in high price areas as opposed to cheaper inland areas.
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14 October 2016 | 12 replies
The average ROI without a mortgage is 6-8 but that does but include the deductions and the fact you can use the place when you want to.
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10 October 2016 | 9 replies
I have been in the construction business since I was 17 years old including those college years.