Xavier Tazanu
New member in college
30 September 2016 | 3 replies
Hi @Xavier Tazanu , Welcome to the BP community!
Prince Conley
Partner to Fix and Flip
3 October 2016 | 5 replies
Your cash flow and equity increases become bargaining chips for your Applications to keep borrowing, to buy MORE bargain cash-flowing investments!
Tracy B.
Insurance Agent from Seattle, WA
10 October 2016 | 4 replies
Great to have you here in the community.
Wendell Hall
First post--but not a true "newbie"
1 October 2016 | 5 replies
Hi @Wendell Hall , Welcome to the BP community.
Raj Kumar
Lease option - Term
1 October 2016 | 1 reply
Also, this being my first time offering Lease option: I want to run the following by the community to check if I am doing the right thing:Option Sale price : $215,000 (Market value is $225,000)Option consideration : $10,000- Non refundable.
Mark Davis
What exactly is cash only
5 October 2016 | 30 replies
This means those funds can be used as many times as you want, and only pay for them once...in Module #1.I have my own system applications for doing this.
James McFadden
REI Northwest Pennsylvania
2 October 2016 | 3 replies
I have been reading many posts over the past couple months and I can honestly say that this community of real estate professionals are full of fantastic advice and info!
Andrew Bruza
New from Tampa, FL
8 October 2016 | 2 replies
Hello all, looks like a great community here.
Andres Bernal
Hi Investors
1 October 2016 | 3 replies
Im Andres and im brand new to the BP community.
Waylon Gates
New member from Lake Havasu City, Arizona
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.)