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Results (10,000+)
Dan Krupa Retirement accounts as collateral
17 August 2016 | 11 replies
@Dan KrupaFollowing 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 (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.)
Tim W. Finding Economic Data
13 July 2020 | 3 replies
The few I've found who offer this charge rates SFR investors can't afford because they are built for MFR institutional investors. 
Jayson H. Lender admits appraisal is for "liquidation" value!
17 August 2016 | 12 replies
When a Federally insured lending institution does not want to lend in a certain area they can not come out and say that they won't lend in that area, because that's redlining.  
Manuel Savorelli How soon can you add renter's income to personal income?
7 September 2016 | 11 replies
Please remember that each institution conducts their process slightly different.
Tyler Stephenson I'm looking to purchase second lien paper
19 August 2016 | 0 replies
We're currently holding 24 million in escrow for institution please reach out to me
Glen Fagin Patch of Land - Update
12 December 2017 | 62 replies
I asked them what happened and they said they sold a bunch of deals in bulk to an institution investor and my deal was in that package.  
Robert H. New member from SF Bay Area
29 August 2016 | 6 replies
Happy to network, I help accredited investors buy into institutional grade $50-125M projects with as little as $100,000 and diversify.
Steve Rozenberg Paying Rent Late
25 August 2016 | 5 replies
They are afforded time by law before an eviction comes down the pike but you can institute your fees on them in the meantime. 
Rohan J. You have 1M dollars to invest in multis. Where do you buy?
10 September 2016 | 89 replies
We're still growing in Cbus, have hot companies and educational institutions, and we're not oversaturated with MFH housing yet.
Baxter Finch New Investor Looking For Some Basic Info
24 August 2016 | 6 replies
Go to your bank, or a number of lending institution and tell them you'd like to get prequalified for an FHA loan.