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Results (10,000+)
Fawzeih Daher New Member: Detroit/Michigan Turnkey Developer
3 July 2014 | 3 replies
This thread is really for your personal introduction rather than for introducing your employer
Hadar Orkibi Little Rock Arkansas How Is It Going?
22 June 2018 | 46 replies
Employment?
Carrie A. Keeping track of expenses
9 November 2017 | 27 replies
I am also totally self employed and putting together a financial statement at any point during the year is easy in Quickbooks.
Mike Stephens Denver Market Softening/Retreat
16 December 2017 | 58 replies
So the BRRR there isn't AS attractive to me.It's hard for me to imagine a market with a good employment base not at least keeping pace with inflation.  
Don Konipol Temporary and Corporate Housing
27 February 2021 | 37 replies
@Jon Lanclos I rent STRs to contractors working at CVR Refining in Coffeyville Kansas.The most common thing I hear is every Monday morning when doing pre-employment drug screens for the refinery is "I wish I would have known about your furnished houses yesterday". 
Joe Baker IRA
21 August 2019 | 19 replies
@Joe BakerGood question.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;Both are prohibited from investing in assets listed under I.R.C. 408(m); andThe 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 (CHECKBOOK 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.)
Jon Wisniewski Give up equity in exchange for trust?
24 September 2018 | 3 replies
Right now economy is good, stock market is high, unemployment low so the possibility your family/friend tenant will have Employment issues are low. 
Tiffany Murokozi Newbee Here! Question on financing
6 January 2023 | 8 replies
It sounds like saving from employment income, plus wholesaling for like 6-9 months might be my best start?
Pedro Plascencia How long does it take.....
10 February 2010 | 2 replies
I'm new to wholesaling and investing, although I have enough of a background and have been studying it for a while and understand much of it; just haven't done it.I've been self-employed for a few years now and work has slowed down to nearly nothing.
Jon Klaus Month to month vs. 12 month lease
22 August 2015 | 42 replies
In higher end rentals you tend to get a higher income more stable renter, one with steady employment and social responsibilty.