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Results (10,000+)
Julie Marquez My Goals For Easy Rentals and Passive Income - Feedback Please
30 September 2016 | 36 replies
At the time of origination, I gauged each decision individually.  
Marcus Gold TSP to IRA
11 November 2016 | 7 replies
You may also want to consider an IRA LLC or a Solo 401k.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.)
Josephine S. Wholesaling Questions Fort Worth, TX
30 September 2016 | 15 replies
Building my team of knowledgeable individuals who will assist me in this learning transaction is key.
Mitchell Ferraro Market Cap Rate
3 October 2016 | 22 replies
I own four homes individually and two with a business partner - all of them being longer term cash flow investments.
George P. need an paving/concrete concractor in Detroit metro
3 April 2017 | 5 replies
www.dgcementco.com i just talked to them and they said "someone from the estimating department will contact you"... loli prefer individuals to do my concrete and not a company that has a "department", but we'll see. thanks for the lead.
Zachary Foust Should I be a Real Estate Agent?
19 December 2016 | 8 replies
Even though you may lose out on some commissions and the agent may not be as responsive, there is a ton of education, regulatory requirements, and some expenses associated with having your license.  
Veronica Helms Brand New and looking for Advice!
28 September 2016 | 1 reply
I am a motivated individual that is tired of being disappointed at the lack of money I make at my 8-5 healthcare job.
Patrick Philip What to do with wholesale calls?
29 September 2016 | 5 replies
Give your estimate to potential buyers but be clear that it's their responsibility to practice their own due diligence.
Jacob Grant Debt to income ratio, does NOI or Cash flow=Income?
29 September 2016 | 3 replies
The paperwork they have you fill out shows the free cash on a monthly basis.But if I'm incorrect I'm sure the comments from individuals on here in the banking arena will correct my comment.
Missy H. What happened to the Unanswered tab
29 September 2016 | 4 replies
It is a horrible feeling to post a question or comment and not get a single response; especially if you are new to the site.