Andrew Beaver
Massachusetts RE courses online or in class
17 June 2016 | 11 replies
I'd also be open to quality classroom training that is approved by mass (I'm familiar with the authorized listing)My overall goal is to become an investor agent where I'm using the license primarily for my own investing needs and data analysis.
Wei Xie
Risk of paying for tenants damage
14 June 2016 | 11 replies
Tenant shall reimburse landlord for any fines or charges imposed by HOA or other authorities, due to any violation by Tenant, guests or licensees of tenant.
Joseph Quarto
How to solve a Title search on sale where a DOT person is dead
14 June 2016 | 5 replies
Make sure you get tax ID info for the decedent do that you can fashion an authorization to release information.
Bob Mastroianni
Self Directed IRA Questions
18 June 2016 | 24 replies
They serve clients nationwideFollowing 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 2015; 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.)
David Soest
Does anyone know how to rent section 8 Disabled?
17 June 2016 | 4 replies
@David SoestCheck out the site Gosection8.com to post properties also check on HUD.gov on rules for handicap property and also check your local Housing Authority inspection department.
Jeremy Liggett
Owner Occupy Purchase - Who notifies tenant lease not renewed?
21 June 2016 | 1 reply
It is your responsibility but you have no authority until you close.
Guy Olds
Question of a full authority sale in California probate
16 October 2015 | 4 replies
I've been hearing from PR's lately and even from an "expert" in Probate (i.e. someone not on BP) that even with full authority under the IAEA in California a sale of a probate property needs to be sold no lower than 90% of the probate referee's appraisal.
Brandon Sturgill
Section 8 and Income Requirements
3 February 2017 | 5 replies
We have worked successfully with our local Housing Authority and the Section 8 program for 20 years.
Thomas Richter
How to sue a self-directed IRA?
26 February 2017 | 17 replies
The beneficiary signed the agreement, but later on signed in the name of the custodian (which he was not authorized to do).
Michael Watts
what house price range and area selling the most
18 February 2016 | 2 replies
Disclosure: I am the author of the book.