Talmadge Lawing
Setting up LLCs and self directed IRAs
23 September 2016 | 7 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.)
Amy Ranae
My first deal!!!
19 September 2016 | 17 replies
About 1000sq ft)Monthly expenses including mortgage, taxes, insurance, hoa etc: $950Rents $1450/moSo it feels like a good deal but here's the kicker, it needs a new furnace/ac which is a combined unit that is outside.
Benjamin Barredo
Rental Property Expenses for Analysis
21 September 2016 | 10 replies
What expenses do I need to include and what is a good average amount for each.
John Vo
Am I missing something?
21 September 2016 | 26 replies
The $24K includes closing cost, holding cost of 3 months at 8% interest rate, origination fee, appraisals, etc...
Kate J.
Design ideas for townhouse needed.
12 December 2016 | 14 replies
Since the stairway is dark wood, I am thinking to put dark hardwood on the lower level.
Joshua Reed
Looking to get my first deal in long Island, NY and New Jersey
23 September 2016 | 14 replies
And please include the following:-How much do you have to invest-Do you have additional equity partners-How are your personal financesJust to be honest, you're unlikely to be able to invest in the tri-state area, even in Suffolk County.
Tucker Long
Single or separate websites for consumer sales and investing biz?
19 September 2016 | 2 replies
I have been imagining building my sales website (buyers guide, community pages, IDX integration, home valuation page, etc) on MyOhioProperty.com and then building Evolvedproperty.com to give details on our services including making cash offers on homes, renovations, and our homes for rent.
Mark Sleeper
finance, development, management
19 September 2016 | 3 replies
Respected for his unique blend of creative and analytical thinking underpinned with a commitment to collaboration, intelligent risk-taking, entrepreneurial spirit and leadership presence within dynamic organizations he knows how to keep it real and close the deal.In addition to his business interests, Mark is involved in numerous community outreach and volunteer organizations including the South Brentwood Residents Association (advisory board member,) local homeless advocacy group The Giving Spirit (chairperson-fundraising, community outreach,) American Youth Soccer League (referee and division mentor,) and the Girl Scouts of America to name a few.
Coty H.
St. Louis, Missouri Lenders
20 April 2019 | 3 replies
Stifel bank - I know several people, including clients (I'm an investor-friendly agent) who use them for that specific reason.
Atwan Kwan
Pays Rent!...... but loves cats.....
21 September 2016 | 34 replies
I'd recommend enforcing your lease agreement and if it did not allow pets, send notice of non-compliance in accordance with the rules in your jurisdiction and, if not cured, ask them to leave (including eviction filing).